Overnight Digest – Stocks to look out for on April 27
DSIJ Intelligence / 26 Apr 2016
The stocks which could see a significant movement on April 27 are Ceat Ltd., KPIT, JSW Energy, Yes Bank, NMDC/Vedanta/MOIL.
The stocks which could see a significant movement on April 27 are Ceat Ltd., KPIT, JSW Energy, Yes Bank, NMDC/Vedanta/MOIL.
a) Ceat Ltd.: Ceat Ltd. is expected to release its Q4FY16 results on April 27. With the low oil price benefiting the industry, the results are expected to be positive as low oil price will decrease its expenses.
b) KPIT: With IT giants posting mixed results last week, all eyes will be on KPIT, as the Q4FY16 results are expected to release on April 27.
c) JSW Energy: JSW Energy is planning to consider deal with JSPL. JSPL is likely to sell its 1000 MW power unit to JSW Energy for an enterprise value of Rs 4,000 crore. Final board meeting is expected to take place on April 27, therefore it is expected the stocks could see a movement tomorrow.
d) Yes Bank: With major banks in the positive, Yes Bank could see a significant movement on April 27. Yes Bank is expected to release it Q4FY16 results. Yes Bank is expected to see a positive result which could further add to the rally of banking stocks.
e)NMDC/Vedanta/MOIL: With Government giving clearances to 349 mining proposals. NMDC/Vedanta/MOIL can see a significant movement on April 27.
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