Last week, the stock had managed to give symmetrical triangle breakout along with relatively higher volume. Additionally, the stock had formed bullish candle on breakout week, which adds strength into the breakout.

The assets under management (AUMs) of the equity-dedicated MF schemes dropped in the month of January 2019 by 1.6% on a sequential basis. 

The stocks that are likely to witness significant movement on the bourses on February 20 are Tata Motors, Maharashtra Seamless, Essel Propack, Wipro and L&T. 

ABB on Tuesday informed the bourses that it has won its largest traction equipment order in India worth Rs 270 crore for train technology from the Indian Railways. 

Signet Industries has received orders worth Rs 130 crore recently from various companies.

The 33rd GST Council meeting is set to be held on February 20. The market participant has started speculating that in this meeting the tax rate on realty sector, lottery, cement, etc. may be reduced. 

Grasim Industries has signed a definitive agreement to acquire the chlor-alkali business of K.P.R. Industries (KPR) by way of a slump sale for a cash consideration of Rs 253 crore. The transaction will be funded through internal accruals.

The promoters of Emami Ltd. have sold 10 per cent stake in the company for a sum of Rs 1,600 crore. Some of the purchasers involved in the transaction include SBI Mutual Fund, PremjiInvest, Amundi, IDFC, L&T Mutual Fund, PI Opportunities Fund and Pioneer Investment Fund.

Bodal Chemicals has informed the bourses that it has re-established the complete production of dye intermediates and dyestuff operations which were disrupted and closed partially on October 22, 2018, due to an environmental issue — leakage of ammonia. 

Following stocks are close to their 52-weeks low as at 1.03 p.m. on February 19, 2019.