CNBC-TV18's top stocks to watch out for on February 6

SUMMARY

The Indian equity market is expected to open cautious ahead of the Reserve Bank of India's policy announcement on Thursday. According to a CNBC-TV18 poll, the MPC is likely to hold rates and keep the stance unchanged. At 7:15 am, the SGX Nifty was trading 17 points or 0.14 percent lower at 12,083, hinting at a muted start for the Sensex and Nifty50. Here are the top stocks to watch out for:

By CNBC-TV18Feb 6, 2020 8:14:33 AM IST (Updated)

Welspun Enterprises: CARE has revised its rating to A1+ (highest short-term rating) for short-term borrowing and credit rating has been revised to A+ with ‘stable’ outlook for long-term borrowing.

Panacea Biotec Ltd: The company has completed the transfer of its pharmaceuticals business to its wholly-owned subsidiary Panacea Biotec Pharma Limited.

Sagar Cement: The company’s cement production is up 4.6 percent for January 2020 YoY and sales are down 1.59 percent for January 2020 YoY.

Lupin: Lupin announced that it has received approval for its Leflunomide Tablets USP, 10 mg and 20 mg, from the United States Food and Drug Administration.

ITI: The company has decided to withdraw the issue due to the prevailing market conditions.

Equitas: Equitas Small Finance Bank has launched Equitas ELITE, aimed to provide priority banking and wealth management services with engagement services.

Prestige Estate: The company approved the allotment of 1,24,20,000 equity shares of face value Rs 10 each to eligible qualified institutional buyers at the issue price of Rs 372.50 per share.

Ajanta Pharma: Q3 numbers saw a rise on all fronts with net profit up more than 60% YoY.

HPCL: The company’s Q3 revenue went up 16 percent QoQ but profit fell 29 percent on a sequential basis

Eicher Motors, Hero Moto and Sun Pharma are among the companies that will declare their Q3 earnings today.