STOCKS ON RADAR:
Future Group stocks: According to a report published in Business Standard, Amazon has indefinitely put on hold its plans to buy stake in Kishore Biyani?s Future Group.
Tata Steel: The company posted a robust growth in its profit, a 54.33 per cent jump in consolidated net profit to Rs 1,753.07 crore on Friday for the quarter ended December 2018, helped by higher income.
Bharti Airtel: Bharti Airtel said on Friday its unit Airtel Networks Kenya has agreed to merge with Telkom Kenya, the East African nation’s smallest telecom operator.
Edelweiss, ADAG stocks: Reliance Power has asked the markets regulator Sebi to prohibit the Mumbai-based Edelweiss financial services group from trading in the securities market.
Lupin: The drug maker on February 9 said it got two observations from US drug regulator for its Goa unit, which is under warning letter.
Dr Reddy’s: The pharma company’s Bachupally unit got Form 483 with 11 observations by the US Food and Drug Administration.
Apollo Hospitals: Apollo Hospitals Enterprise (AHEL) has posted 29 per cent growth in net profit to Rs 86.93 crore during the quarter ended December 31, 2018, compared to Rs 67.44 crore during the same quarter of the previous financial year.
Rural Electrification Corporation: Board approved incorporation of 5 project specific Special Purpose Vehicles for its transmission arm.
Results on February 11: Over 300 companies are scheduled to release their Q3 2019 results on Monday. Some of the prominent names include Eicher Motors, Andhra Bank, Corporation Bank, Motherson Sumi Systems, Amara Raja Batteries, Power Finance Corporation, Trejhara Solutions, Centrum Capital, Skipper, Spencer’s Retail, CESC Ventures, Max Financial Services, TCI Express, Lasa Supergenerics, Mazda, Kalyani Commercials, Damodar Industries, MFSL, Max India, Butterfly Gandhimathi Appliances, Hindustan Aeronautics (HAL), CARE Ratings, Somany Ceramics, Hindustan Copper.