Overnight Digest – Five stocks to watch out on March 14

The five stocks that may witness some kind of significant movements on March 14 in the markets are: Vakrangee, LT Foods, Mukta Arts, IDBI Bank and Nestle.

a)Vakrangee:  The passing of  the Aadhar Bill in Lok Sabha, and tie up with Indian Oil Corporation will help the company in generating additional revenue by leveraging upon its expertise in e-governance and also to expand its presence nationwide.

b)LT Foods: Company informed BSE that it has entered into an MOU with the Future Group to set up a joint venture for undertaking the business of sourcing, manufacturing, marketing, sales, and distribution of regional rice, of the likes of Sona Masoori rice/ South Indian rice.

c) Mukta Arts: In a media interaction, company’s management informed about its plans to add around 50 screens by the end of FY17, which would further augment its revenues going ahead.

d) IDBI Bank: The Enforcement Directorate (ED) has issued a summons related to the appearance of a senior executive in Kingfisher, for the purpose of questioning,  as part of its money laundering probe in the alleged payment default towards IDBI bank, amounting to Rs 900 crores.

e)Nestle: According to Uttar Pradesh Food Safety and Drug Administration, the new batch of instant noodle samples belonging to Maggi, which is Nestle's most popular brand, have been detected to be substandard.