Overnight Digest – Stocks to look out for on May 18

The stocks which could see a significant movement on May 18 are JSW Steel Ltd., Havell's India Ltd., Tata Steel., Blue Star Ltd., and Punjab National Bank.

a)JSW Steel Ltd.: Company on May 18, is expected to declare its Q4FY16 results. The company has made headlines earlier this month with the acquisition of 1000 megawatt power plant in JSPL.

b)Havells India Ltd.: Havells India Ltd., launched Reo Bliss in Chhattisgarh to boost its market shares. Reo Bliss comes in the modular switches category. The shares on Tuesday closed at Rs 365.85, up by 8 per cent.

c)Tata Steel: Tata Steel which had earlier in this month said that it plans to merge Tata Metaliks with itself, on May 17 has said that the merger is subject to various approvals, and the merger does not look possible any time soon.

d)Blue Star Ltd.: Blue star Ltd., plans to invest Rs 20,000 crores in research and development. The company on May 17 in a press release, said that revenues have grown by 20 per cent from the previous fiscal.

e)Punjab National Bank: Punjab National Bank will declare its Q4 results on May 18. With the major PSU banks posting timid results, and NPA’s standing tall, it could further be interesting to watch the results on May 18.