Overnight Digest - Five stocks to watch out on March 22

The five stocks that may witness some kind of significant movements on March 22 in the markets are: Himachal Futuristic Communications, Gitanjali Jems, Shree Ganesh Jewellery, Thangamayil Jewellery, PC Jeweller, Rajesh Exports, NTPC, Ashapura Intimates, Borosil Glass Works.

a) Himachal Futuristic Communication (HFCL):  HFCL a leading integrated telecom solutions provider informed stock exchanges on Monday that it is entering into defence equipment manufacturing as part of their strategy to contribute to the nations plan for self sufficiency in the defence sector.

b) Gitanjali Jems/Shree Ganesh Jewellery/Thangamayil Jewellery/PC Jeweller/Rajesh Exports etc: Shares of jewellery makers can witness some movement tomorrow as reports that jewellers nationwide have resumed work after an 18-day strike that is expected to have caused Rs 18,000 crore loss to the jewellery sector, with some estimates pegging the revenue loss to the government at Rs 2,000 crore. 

c)  Borosil Glass Works: Borosil Glass Works has informed stock exchanges on Monday that the company has made an investment of Rs. 22 crores by way of subscription in 6 per cent Optionally Convertible Non-cumulative Redeemable Preference Shares in Hopewell Tableware Private Limited, its unlisted wholly owned subsidiary.

d) Ashapura intimates: In an interview to CNBC-TV18, Harshad Thakkar, chairman and managing director of Ashapura Intimates Fashion said he favours merging the company with its listed subsidiary Momai Apparels subject to board and regulatory approvals. Thakkar said since 97 percent of the company’s business is from the 'Valentine' brand, the company will continue to focus on it.

e) NTPC: NTPC Ltd has informed BSE that the Unit-I of 250 MW of Nabinagar Thermal Power Station of Bhartiya Rail Bijlee Company Limited (A subsidiary Company of NTPC Ltd.) has been commissioned on March 20, 2016. With this, the total installed capacity of Nabinagar Thermal Power Station has become 250 MW and the total installed capacity of NTPC group has become 45798 MW.