Day's Digest - Five stocks to watch out on March 17

The five stocks that may witness some kind of significant movement on March 17 in the markets are: KEC International, Bharti Airtel, Adani Enterprises, Jubilant Industries and Orchid Pharma.

a) KEC International: KEC International won orders worth Rs 1041 crore. Out of the total orders, the company bagged Rs 933 crore from India, Africa and Americas for its transmission and distribution business.The remaining Rs 108 crore orders pertain to its cables business.

b) Bharti Airtel: Bharti Airtel entered into a definitive agreement with Videocon Telecommunications (VTL), to acquire the latter, at an aggregate consideration of Rs 4428 crore. The company will get rights to use 2X5 MHZ in 1800 band allocated to Videocon by the Government of India, Ministry of Communication & IT, Department of Telecommunication (DoT) on April 5, 2013.

c) Adani Enterprises: Adani Enterprises’ Australian mine is set to yield 60 MTPA post a complete ramp-up, according to the company’s management.The share price of the company increased by 4.38 per cent on bourses in early trades.

d) Jubilant Industries: Jubilant Industries will be in focus throughout the day, after India Ratings & Research upgraded ratings for its various instruments. The rating agency upgraded ratings for the following companies: Jubilant Industries; and Jubilant Agri & Consumer Products.

e) Orchid Pharma: Orchid Pharma received final USFDA nod for Rasagiline generic formulation. The company is expecting to launch this product by Q4FY17. The share price will be in focus on Thursday.