Overnight Digest - Five stocks to watch out on March 18

The five stocks that may witness some kind of significant movements on March 18 in the markets are: Crompton Greaves, Ujaas Energy, reliance Capital, Patel KNR Heavy Infrastructure, reliance Communication.

a) Crompton Greaves (CG):  CG has won a significant order of USD 35 million (approximately Rs 236 crores) from PT PLN (Persero) the state owned electricity company of Indonesia.

b) Ujaas Energy: Ujaas Energy has informed stock exchanges on Thursday that it bagged an ordrer to establish Operation and Maintenance (O&M) of "Solar Photovoltaic Power Plant of 5MW Capacity from Rashtriya Ispat Nigam - Visakhapatnam Steel Plant". The combined cost of the order is around Rs. 34.73 Crores.   

c) Reliance Capital: Reliance Capital has informed stock exchanges that it has completed the transaction with Nippon Life Insurance for additional 14 per cent stake sale in Reliance Capital Asset Management for Rs 1200 crores.

d) Patel KNR Heavy Infrastructure: Patel KNR Heavy Infrastructures has informed stock exchanges on Thursday that the CARE Credit Rating agency has reaffirmed AAA (SO) to the company.

e) Reliance Communication: Swedish telecom firm Ericsson on Thursday said it will supply and manage the Wi-Fi network of Reliance Communications (RCom) along with Ozone Networks. Ozone Networks has an agreement with Ericsson to provide a neutral carrier-grade Wi-Fi network across India using small cells.