Overnight Digest - Five stocks to watch out on February 24

The five stocks that may witness some kind of significant movements on Feb 22 in the markets are: HCC, Standard Chartered, TVS Motors, Uttam Value Steels, Raj Television Network.

a) Hindustan Construction Company (HCC): HCC in joint venture (JV) with Vensar Constructions Company (VCCL) has been awarded Rs 1114 crores contract by the Public Works Department (PWD) of Government of Manipur. The project is to be completed in 42 months.

b) Standard Chartered: Standard Chartered on Tuesday reported a loss of USD 981 million from its India operations as loan impairments, including restructured loans, across its India portfolio surged to USD 1.3 billion in 2015 from USD 171 million in 2014, the lender said in its annual report.

c) TVS Motors: TVS Motors is expecting 16 per cent market share in the two-wheeler segment next year, helped by robust sales of the newly-launched TVS Victor motorcycle. The company, having 14 per cent market share in the segment, is targeting to sell 25,000 units of TVS Victor per month this year.

d) Uttam Value Steels (UVSL): UVSL has received final environment clearance to double its steel production capacity to two million tonnes per annum (c) in Maharashtra, which will entail an investment of Rs 3325 crore.

e) Raj Television Network: The Company has been assigned Ratings on Bank Loan Facilities from M/s. Brickwork Ratings India Pvt. Ltd and the rating assigned on Company's bank credlt facilities as 'BWR BBB (Stable)"