Overnight Digest: Stocks to look out for on February 6

The stocks that are likely to witness significant movement on the bourses on February 6 are Tech Mahindra, Lupin, India Power Corp, Kirloskar Brother’s and Jubilant Foodworks. 

Tech Mahindra: The company has reported a rise of 36.63 per cent in its net profit at Rs. 1,152.90 crore for the quarter under review as compared to Rs 843.80 crore for the same quarter in the previous year. Total income of the company increased by 14.65 per cent at Rs. 7,071.10 crore for Q3FY19 as compared Rs. 6,167.40 crore for the corresponding quarter previous year. On the next trading day, the stocks of the company will be watched. 

Lupin: The pharma major has launched Clomipramine Hydrochloride Capsules USP, 25 mg, 50 mg, and 75 mg having received an approval from the United States Food and Drug Administration (USFDA) earlier. Shares of the company may be in focus. 

India Power Corp: The company reported standalone net profit of Rs 1.83 crore for the quarter ended December 31, 2018 as compared to Rs 0.57 crore in the same period last year, registering a YoY growth of 221.05 per cent. Net revenue of the company rose substantially by 20.27 per cent at Rs. 124.48 crore in October-December quarter of this fiscal as against Rs. 103.50 crore in the corresponding period last year. 

Kirloskar Brother’s Limited: The company has precisely launched three products, including two pumps and a water filtration product to be used with pumps. The KU6 - oil-filled 6" borewell submersible pump series will be available in three variants and is designed to ensure higher efficiency at a lower cost as it consumes less power. Stocks of the company could be in limelight on Wednesday. 
  
Jubilant Foodworks: There is buzz in the market that Jubilant Foodworks is considering making a royalty payment to its promoters for use of the 'Jubilant' brand. The royalty being considered is around 0.5 percent of Jubilant's sales. The stocks could gain some attention on the back of this news.