Top stocks to watch out for on February 19: Infosys, Emami, Cipla, IndiGo

SUMMARY

The Indian market is set for a positive start on Tuesday following positive cues from Asian markets and as investors remain positive on the progress of the US-China trade talks. Here are the top stocks to watch out for in today's trade:

By CNBC-TV18Feb 19, 2019 7:35:39 AM IST (Published)

Emami Ltd: The Emami Group on Monday said its promoters have sold 10 percent stake in the flagship firm for around Rs 1,600 crore.

Tata Motors: The company is exploring partnerships and business models to deliver mobility as a service in the electric mobility business, a top companyofficial said on Monday.

Jaypee Infratech, NBCC: Lenders of debt-ridden Jaypee Infratech will negotiate with state-owned NBCC and Mumbai-based Suraksha group, which have submitted bids to take over the real estate company and complete stalled projects comprising over 20,000 housing units, reported PTI.

InterGlobe Aviation: Massive turbulence continued to hit the Indian airline sector as even the formidable passenger carrier IndiGo now faces headwinds of pilot shortage leading to a truncated flight schedule and consequently a dive in its stock price, reported IANS.

Infosys: The company has settled with Sebi a case of alleged disclosure lapses regarding severance payment made to its former chief financial officer Rajiv Bansal.

Ashok Leyland: The company on Monday launched three new truck variants in intermediate and medium commercial vehicle segment as it seeks to fill product gaps.

State Bank of India: The bank on Monday said it would waive all outstanding loans taken by 23 CRPF personnel who were killed in the Pulwama terror attack.

Jindal Stainless Ltd: The company, through its subsidiary JSL Lifestyle Ltd, commissioned its first dedicated facility for the railways near here on Monday and expects a revenue of Rs 300 crore.

Cipla: The company on Monday said it has inked a pact to acquire 11.71 percent stake in Wellthy Therapeutics.

Larsen & Toubro (L&T): The company on Monday said it is not aware of any evidence that supports its involvement in making the alleged improper payments to power officials in India for securing various clearances on behalf of its client Cognizant Technology Solutions Corp (CTS).

Vedanta, JSW Steel: The two companies, according to a Business Standard report, are in talks to make a joint bid for Essar Steel.