Day's Digest - Five stocks to watch out on February 23

The five stocks that may witness some kind of significant movement on Feb 23 in the markets are: Va Tech Wabag, Tata Motors DVR, Accelya Kale Solutions, Mahindra CIE Automotive, and Ricoh India.

a) Va Tech Wabag: VA Tech Wabag announced that it has been liquidated VA Tech Wabag Egypt, a subsidiary of VA Tech Wabag GmbH, Austria on February 23. The company’s share price increased by 1.89 per cent on bourses in early trades and is trading at Rs 514.

b) Tata Motors DVR: The National Stock Exchange (NSE) included Tata Motors DVR with three other companies such as Aurobindo Pharmaceuticals, Bharti Infratel, and Eicher Motors in the benchmark Nifty50 index with effect from April 1. Theses stock will be focused whole day.

c) Accelya Kale Solutions: Accelya Kale Solutions continues to manage (International Airport Transport Association) IATA’s (Simplified Invoicing and Settlement) SIS e-invoicing intitiative. The company is engaged with IATA on SIS project started in 2009 as the primary technology partner and manages operations since 2011.

d) Mahindra CIE Automotive: Mahindra CIE Automotive share price declined by 12.41 per cent on bourses in early trades and is trading at Rs 171.5 on poor third quarter results. The company’s consolidated top line increased by 1.1 per cent to Rs 1268 crore while bottom line dropped by 65.2 per cent to Rs 14.8 crore in Q3FY16 on yearly basis.

e) Ricoh India: Ricoh India acquired Rs 344 crore orders from Kerala government for supply, installation and commissioning of software along with maintenance of equipment. According to the company management, the company will execute order 5 years.  It will also make provision of computer education services in 2000 Government & Government Aided High Schools in the State of Odisha for five years BOOT model project under ICT School Scheme.