Overnight Digest - Stocks to watch out on May 13

The stocks that may witness some kind of significant movements on May 13 in the markets are: Bank of Baroda, Indraprastha Gas, Central Bank of India, Nestle India,Mahindra Holidays & Resorts India,Vedanta.

a) Bank of Baroda/ Indraprastha Gas: Bank of Baroda and Indraprastha Gas will declare their quarterly results on May 13. These stocks will be watched out for entire trading session.

b) Central Bank of India: Central Bank of India’s Capital Raising Committee of the Board of Directors has allotted 7,15,04,945 equity shares to Government of India. The share price of the bank will be in limelight in tomorrow’s session.

c) Nestle India: Nestle India has declared their Q1CY16 results. After the Maggie controversy, the company's results have been affected. Its net profit has decreased by almost 20 per cent in Q1CY16. The share price of the company will be in focus on May 13.

d) Mahindra Holidays & Resorts India: Mahindra Holidays & Resorts India’s six subsidiaries have been merged with Holiday Club Resorts Oy, Finland w.e.f. March 31, 2016. The share price of the company will be watched out in the May 13 trading session.

e) Vedanta: THL Zinc Limited, an overseas subsidiary of Vedanta, has agreed to extend the maturity of the loan of USD 1.25 billion, which was taken for a term of two years in May, 2014, from Cairn India Holdings, an overseas subsidiary of Cairn India (CIL). The company’s share will be in focus in Friday’s session.