• Jubilant FoodWorks surges as Bofa start with Buy rating

Jubilant Food Works rose nearly 6%, after Bank of America Merrill Lynch starts coverage with a Buy rating and a target of Rs1,375. The company in a sweet spot in the large and high-growth quick service restaurants market.


• ITC slips on buzz of anti-tobacco laws


ITC fell nearly 3% on reports the Centre is planning to introduce tougher provisions under law to curb tobacco consumption in the country.


• Tata Motors jumps 3% on JLR July sales


Shares of Tata Motors jumped 3 percent, riding on its Jaguar Land Rover July sales number. The luxury car business sold 39467 units (up 12.2 percent) as compared to 35162 units in the same period last fiscal.


• Tata Power jumps 4%, MERC grants 25-yr distribution licence


Shares of Tata Power jumped over 4 percent as state electricity regulator Maharashtra Electricity Regulatory Commission (MERC) has granted 25 years distribution licence to Tata Power for supplying power in city and suburban areas.


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