Overnight Digest – Stocks to look out for on May 17

The stocks which could see a significant movement on May 17 are Bharat Forge, Emami Ltd.,Reliance Capital,Piramal Ltd., and Motherson Sumi Systems Ltd.

a) Bharat Forge: Company on May 17, is expected to declare its Q4FY16 results. The flagship company of Kalyani group may post a weak result on the verge of declining class 8 truck demand in USA. The scrips are expected to react to the results.

b) Emami Ltd.: Emami Ltd. has launched a new deodorant in the markets. The company has launched a massive digital campaign for the new variant. The shares on Monday have closed at Rs 1118.15, up by 30 per cent.

c) Reliance Capital Ltd.: Reliance Capital Ltd., on May 16 announced that it is in the process of launching new products in Mutual Funds and Life Insurance segments with its partner Nippon Life, which is the second largest life insurance company of Japan.

d) Piramal Enterprises Ltd.: Piramal Enterprises has decided to demerge their Healthcare and Financial service business. The company was primarily a pharmaceutical company which has diversified into various segments. The shares on May 17 could see a positive movement.

e) Motherson Sumi Systems Ltd.: Motherson Sumi Systems will declare its Q4 results on May 17. The company may post positive numbers, as all the major auto players are doing well. The shares on Monday closed at Rs 268.05, up by 1.92 per cent.