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Monday, August 18, 2014

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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