Overnight Digest – Stocks to look out for on May 3

The stocks which could see a significant movement on May 3 are Reliance Power Limited, CERA, Renault, CCL Products India, Tribhovandas Bhimji Zaveri Ltd.

a) Reliance Power Limited: Reliance Power's 4,000 Mw Sasan Power project has achieved 100% plant load factor (PLF) in April, which means the plant can produce output to its fullest capacity. Following this, the stocks are expected to open in green on May 3.

b) CERA: With the share price closing on Rs 1884, up by 2 per cent on May 2, the shares on May 3 could be the thing to watch for, as CERA is expected to release its Q4FY16 numbers. The shares are expected to see a positive movement.

c) Renault: Renault India today reported over a threefold jump in sales to 12,426 units in April as against 4,001 units last year. The stock is likely to see a positive opening on May 3.

d) CCL Products India Ltd.: CCL has declared its Q4FY16 numbers after the market hours. The Company's Net Profit on (YoY) basis has increased by 29 per cent. The scrip is expected to be in green on May 3.

e) Tribhovandas Bhimji Zaveri Ltd.: TBZ jewellers post market hours have declared the Q4FY16 numbers and they have disappointed. The scrip will certainly react to the results. Currently the shares of TBZ have closed at Rs 70.20, down by 2.02 per cent.