Overnight Digest - Five stocks to watch out on February 18

a) Dr. Reddy's: Dr Reddy's Labs board approved a buyback of paid-up equity shares worth Rs 1,569 crores on Wednesday. The share will bought back not exceeding Rs 3,500 per share. It should be 14.9 per cent of the total paid-up equity capital, and free reserves of company as on March 31, 2015.

b) Future Retail: Big Bazaar Direct, the omni-channel business of Future Group on Wednesday said it has tied up with payment service provider Oxigen Services enabling Oxigen's 2 lakh retailers to sell the wide assortments of Big Bazaar Direct to their end customers. 

c) Maruti Suzuki: India's largest car maker Maruti Suzuki is likely to increase output from existing plants in Gurgaon and Manesar to meet current demand till the new plant in Gujarat goes on stream by January 2017. Maruti Suzuki, which is likely to close FY16 with a capacity of 1.45 million units, is likely to give an additional 1 lakh to 1.2 lakh output next year, said RC Bhargava, chairman of Maruti Suzuki.  

d) Bharat Forge: Boeing and Bharat Forge announced their first shipment of titanium flap-track forgings made by Indian suppliers for Boeing’s Next generation 737.

e) IRB Infrastructure: IRB Infrastructure Developers said on Wednesday it expects to sign a concession agreement for the ambitious Rs 10,050 crore Zozila Pass tunnel in Jammu and Kashmir by March. The company had bagged the contract from the Ministry of Road Transport and Highways for construction, operation and maintenance of the longest tunnel in South-East Asia, the Zozila Pass tunnel in Jammu and Kashmir.