Overnight Digest - Five stocks to watch out on March 30

The five stocks that may witness some kind of significant movements on March 30 in the markets are: Ashok Leyland, Mindtree, Sterlite Technogies, Adani Ports and Special Economic Zone, Reliance Defence.

a) Ashok Leyland: Ashok Leyland has informed stock exchanges on Tuesday that the company won defence contract worth Rs.800 crore from Indian armed forces for supply of advanced-technology products.

b) Mindtree: Mindtree a leading digital transformation and technology service today announced the launch of its comprehensive IPv6 stack and Smart Mesh Suite for Bluetooth Smart. The IPv6 stack and Smart Mesh Suite will enable original equipment manufacturers and semiconductor companies to add seamless cloud connectivity to their internet of things (IoT) products.

c) Sterlite Technologies: According to media sources, Sterlite Technologies one of the largest power transmission companies, is planning to raise Rs 3,500 crore via the Infrastructure Investment Trust (InvIT) route. Sterlite will use the funds to pare debt and meet capital expenditure.

d) Adani Ports and Special Economic Zone: Adani Ports and Special Economic Zone informed stock exchanges on Tuesday that it has raised Rs 500 crore through issue of debentures on private placement basis. 

e) Reliance Defence: Reliance Defence Ltd, a 100 per cent subsidiary of Reliance Infrastructure and Rafael Advanced Defence Systems has decided to set up a joint venture company in India in the highly specialized areas of Air to Air Missiles, Air Defence Systems and Large Aerostats.