Top stocks in focus: Lupin, GAIL, Tata Motors, Chalet Hotels, Airtel

Check out the companies which will be in focus during trade today based on recent and latest news developments.

Feb 07, 2019 02:02 IST India Infoline News Service

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Jubilant Group said that all three listed companies will not pay brand royalty to promoter company Jubilant Enpro. The company stated that the decision for payment of brand royalty was taken to protect, maintain, promote and enhance the corporate brand name ‘Jubilant’, which is owned by Jubilant Enpro.

GAIL offloaded pipeline laying contract of Bokaro-Durgapur Section from IL&FS due to poor project progress. The contract has been retendered and awarded to three contractors.

Lupin stock in focus today. The pharma company reported a net loss of Rs151.7cr in Q3FY19, due to a one-time charge related to litigation over a blood pressure drug in Europe, expects a bounce-back in the fourth quarter with major launches of generic Levothyroxine and Ranolazine in the US.

Bharti Airtel stock in focus as Trai has served a showcause notice to the company over the blackout faced by some of its DTH customers during the switchover to the new tariff regime, as per media reports.

Andhra Bank reduced its base rate and BMPLR by 5bps points with effect from February 06, 2019.

Seamec withdrew from demerger of EPC and Vessel Division of HAL Offshore into the company citing that intended synergies on which the demerger was planned have been diluted. The company also stated that it will move this application to NCLT.

Chalet Hotels’ shares to start trading on BSE and NSE after IPO got 157% demand.

Jet Airways said that a new framework would be implemented from February 07, 2019 onwards under which if any changes or cancellations are made seven days prior to flight departure, the domestic passenger would attract a smaller penalty compared to the rate after this period, as per media reports.

Results today: Tata Motors, Adani Enterprises, Aurobindo Pharma, Britannia Industries, Cadila Healthcare, Coffee Day Enterprises, Eros International Media, Grasim Industries, Hindustan Construction Company, Ircon International, MRF, Khadim India.

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