Overnight Digest: Stocks to look out on February 13
The stocks that are likely to witness significant movement on the bourses on February 13 are Alembic Pharmaceuticals, Lupin, Tata Power, Natco Pharma, Indigo and Rico Auto.
Alembic Pharmaceuticals: The company’s wholly-owned step-down subsidiary, Orit Laboratories LLC has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) Fenofibrate Tablets USP, 54 mg and 160 mg
Lupin: Pharma major has launched Tadalafil Tablets USP 20mg, having received an approval from the USFDA earlier. Stocks will be watched on Wednesday.
Natco Pharma: The Board of Directors of the company has declared second interim dividend of Rs. 3.50 on each equity share of face value Rs. 2. The shares of the company will be watched.
InterGlobe Aviation (IndiGo): The company has cancelled more than 30 flights on February 12, 2019 from Kolkata, Hyderabad and Chennai due to on-going issue of shortage of pilots and passengers allegedly being forced to buy last minute high fares for its flights. The stock will be in limelight the nest trading session.
Rico Auto: The net sales for Q3FY19 came in at Rs 334.54 crore up by 10.27 per cent from Rs. 303.38 crore in December 2017.The Quarterly Net Profit at Rs.10.80 crore in December 2018 down 18.31 per cent from Rs.13.22 crore in December 2017. The shares will be watched on Wednesday.