Overnight Digest - Stocks to watch out on March 17
Mayuresh Deshmukh / 16 Mar 2016
The stocks that may witness some kind of significant movements on March 17 in the markets are: Indian Oil Corp, Oil India, Bharat Petroleum, IDBI Bank, Reliance Power, TVS Motors, CIPLA.
The stocks that may witness some kind of significant movements on March 17 in the markets are: Indian Oil Corp, Oil India, Bharat Petroleum, IDBI Bank, Reliance Power, TVS Motors, CIPLA.
a) Indian Oil Corp/Oil India/Bharat Petroleum: Indian Oil Corp, Oil India and Bharat Petroleum today signed an agreement to buy stakes in Russia's Taas-Yuriakh oil field in East Siberia for about USD 1.3 billion (about Rs 8,750 crore).
b) IDBI Bank: Credit rating agency ICRA and CARE have revised the rating of various debt instruments issued by IDBI bank. The ratings given by the ICRA are anywhere in between AA with negative outlook and AA- with negative outlook; and CARE gave a rating of CARE AA.
c) Reliance Power: Reliance Power has informed stock exchanges that Ministry of Coal has granted permission to Sasan power to produce additional coal.
d) TVS Motors: TVS Motors has informed stock exchanges that it has entered into a partnership with Snapdeal to sell the motorcycles and scooters online.
e) CIPLA: Drug firm Cipla Ltd has made an additional investment of $3 million (around Rs 20.2 crore) in US-based, Chase Pharmaceuticals engaged in developing novel approaches to improve treatments for Alzheimer's disease.
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