Top stocks in focus: Tata Motors, Wipro, Arvind Fashions, LT Foods

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

Mar 08, 2019 02:03 IST India Infoline News Service

Stocks to watch
Tata Motors JLR’s February retail sales were down 4.1% over last year at 38,288 units. Jaguar sales were up 5.8% and Land Rover sales were down 8.1%. China sales were down 47.6 %.

Arvind Fashions, the demerged entity of Arvind, will be listing today on the exchange.

Wipro promoter said it will sell up to 2.67cr shares in the company via block deal. Azim Premji Trust will sell 0.29% stake in the company with an option to sell up to 0.44%, as per media reports.

Reliance Industries
entered into an MoU with NMSEZ to sublease 4,000 acres of land, and also made an initial payment of Rs2,180cr to the latter.

Three additional Jet Airways aircraft were grounded due to non-payment of amounts outstanding to lessors.

Infosys said it will deliver engineering and digital services to Rolls-Royce group.

KNR Constructions receipt of an order worth Rs135cr from Karnataka Road Development Corporation. They bagged a hybrid annuity project with a bid project cost of Rs920cr.

Lupin received the USFDA approval for Atorvastatin calcium tablets. The product has annual sales of approximately $696mn in the US.

LT Foods stock in focus as SBI Mutual Fund cut stake in the company by 1.09% to 2.53%.

Related Story