Overnight Digest – Stocks to look out for on April 29

The stocks which could see a significant movement on April 29 are ICICI Bank, Indigo, Can Fin Homes Ltd,. Vedanta, Shoppers Stop Ltd.

a) ICICI Bank: With Bank stock being largely volatile in the past two days, it could be further interesting to see the above stock as the bank is poised to declare its Q4FY16 results.

b) Indigo: This Airline has gained 2 per cent market share, the low cost Airline is expected to release Q4FY16 results which are majorly expected to be positive. Also the expenses are expected to be less due to low crude oil prices, which is directly going to decrease the pressure on profit margin.

c) Can Fin Homes Ltd.:  Can Fin Homes Ltd. has declared its financial results after the market hours. With Results being positive it is expected that the stock may see a movement on April 29.

d) Vedanta: Vedanta has released its Q4FY16 results post market hours. With results being fairly positive, the scrip can see a strong movement on April 29.

e) Shoppers Stop Ltd.: Shoppers Stop Ltd. has informed BSE that the Company has opened its "Shoppers Stop" store at Orion Mall, Panvel. With markets reacting to sentiments it could be a stock to watch for on April 29.