Overnight Digest - Five stocks to watch out on March 2

The five stocks that may witness some kind of significant movements on March 2 in the markets are: BHEL. Nilesh Estate, TATA Motors, TVS Motors, Mahindra and Mahindra, Maruti Suzuki, Eicher Motors, Cawasji Behramji Catering Services, KMC Speciality Hospital.

a) Bharat Heavy Electricals Ltd (BHEL): BHEL informed stock exchanges on Tuesday that it bags Rs 5600 crores order for 1600 Mega Watt (MW) Supercritical Power project in Tamil Nadu.

b) Nitesh Estate: Nitesh Estate is pleased to announce that through their wholly owned subsidiary they have signed a joint development agreement for a residential project. It is expected to generate revenue of Rs 175 crores over the next four years.

c) TATA Motors/TVS Motors/Mahindra and Mahindra/Maruti Suzuki/Eicher Motors: Automobile companies declared the Auto Sales number today for the month of February. The stock can see some movement tomorrow on status of number of vehicles sold by these company’s.

d) Cawasji Behramji Catering Services: Cawasji Behramji Catering Services has informed stock exchanges that the company's wholly-owned subsidiary company, CBCS International has formed a joint venture company in Dubai, UAE with "Mohamed Alneyadi Catering Services" under the name and style of "Alneyadi Arambhan Hospitality Services" to enter the Catering, House-keeping, Remote Site Management, Site Canteens, Restaurants and related Hospitality Services in the UAE. CBCS International holds 49 per cent and Mohamed Alneyadi Catering Services holds remaining 51 per cent in the said Joint Venture as per local regulations.

e) KMC Speciality Hospital: KMC Speciality Hospitals has informed stock exchanges that SMERA Ratings Limited - the credit rating agency, has assigned the credit rating of "SMERA B+" with a "stable" outlook to the long term Bank facilities availed by the company.