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Top stocks in focus today: Tata Motors, Indian Hotels, Torrent Pharma, Axis Bank

These companies will be in focus during trade today based on recent and latest news developments.
SEBI asks Tata Motors to strengthen systems and controls; to conduct an inquiry into results’ leakage.

Indian Hotels Company has stated that Tata Sons will be acquiring up to 6.64% shares of the company from three promoter entities as part of restructuring the investment portfolio, as per media reports.

Axis Bank says exposure to Nirav Modi, Gitanjali Gems at about Rs 200 crore.

Torrent Pharma readies 2 billion euros binding offer for Sanofi’s European unit, as per media reports.

RBI allows raising FPI limit in TeamLease Services to 75% from 24%.

RBI allows raising FPI limit in Ultratech Cement to 40% from 30%.

REC board approves the proposal for sale of subsidiary WE-NR Power Transmission Ltd. to Power Grid.

Jubilant FoodWorks announced a joint venture with Golden Harvest QSR, part of the diversified Golden Harvest group with interests across food, dairy, logistics and commodities, to launch Domino’s Pizza in Bangladesh.

Bharti Airtel has acquired the India leg of Gulf Bridge International’s India-Middle East-Europe submarine cable system for an undisclosed sum that will help the Sunil Mittalled telecom operator address exploding data demand in key emerging markets across India, the Gulf and Africa.

Lumax Auto Technologies to consider stock split on Mar 23.

Ashoka Buildcon unit declared L1 for three road contracts worth Rs2,991.70cr in Karnataka.

Sharon Bio says operations at Taloja API plant temporarily suspended on the directions of Central Pollution Control Board.

Bal Pharma forms joint venture with Australia-based Akaal Pharma for developing veterinary products.

Dilip Buildcon wins Rs917cr highway project in Jharkhand.

Sadbhav Infra declared L1 for highway project worth Rs933.82cr in Karnataka.

Ortel Communications to consider fund raising plan on March 10.