Overnight Digest - Stocks to watch out on April 5

The stocks that may witness some kind of significant movements on April 5 in the markets are: SBI, HDFC, ICICI Bank, HUL, Aurinpro, Maithan Alloys, Riga Sugar.

a) SBI/HDFC/ICICI Bank etc.: The banking sector will be in focus tomorrow as RBI Governor Raghuram Rajan will review the first bi-monthly monetary policy for FY 2016-17

b) Hindustan Unilever (HUL): HUL informed stock exchanges on Monday that it has completed the post completion of formalities in selling the bakery business of company. The company had enter into an agreement for sale and transfer of its bread and bakery business under the brand "Modern" to Nimman Foods Private Limited (now known as Modern Food Enterprises Private Limited), an investee company of the Everstone Group.

c) Aurionpro: Aurionpro informed stock exchanges on Monday that it has completed the sale of its IT service business in USA to Saicon Consultants. 

d) Maithan Alloys: Maithan Alloys Ltd has informed stock exchanges that Hon’ble Calcutta High Court on March 31, 2016 has approved the scheme of amalgamation of Anjaney Alloys Limited with Maithan Alloys Limited and their respective shareholders. The scheme will come into effect when the certified copy of the High Court order is filed with the Registrar of Companies, West Bengal.

e) Riga Sugar: Riga Sugar has informed stock exchanges on Monday that the credit rating agency Credit Analysis and Research (CARE) has re-affirmed rating of CARE B and CARE A4 to the company’s bank loan facilities.