Overnight Digest – Stocks to look out for on May 19

The stocks which could see a significant movement on May 19 are ICRA Ltd.; Adani Ports and Special Economic Zone Ltd.; Maruti Suzuki; Punjab National Bank; and Lupin.

On May 19, Assam and Tamil Nadu are expecting election results. With the major exit polls, indicating a BJP win in Assam; and DMK in Tamil Nadu, the stock markets may receive positive vibes. 
 
a) ICRA Ltd.: Company on May 19, is expected to declare its Q4FY16 results. The company is in the business of providing investment information and credit ratings. The shares on May 18 have closed at Rs 4378.45, up by 2.65 per cent.

b) Adani ports and Special Economic Zone Ltd.: The company is planning for a major coal deal. Raigarh district of Chhattisgarh which has a coal block reserve of around 2,600 (MT) has opened the auction for the coal blocks, in which Adani Group  is ahead in the 4 coal blocks deal.

c)Maruti Suzuki: Japanese auto maker Suzuki MotorCorp, which owns 56% share in Maruti Suzuki, said it did not follow the home market’s rules related to testing of mileage. The stock could see a movement on May 19.

d)Punjab National Bank.: Punjab National Bank on May 18 declared its Q4 results. The bank has reported a loss of around Rs 5367.14 crores. The stock on May 19 may react to the results sharply.

e) Lupin: Lupin is set to declare its Q4 results on May 19. The company has recently launched an oral tablet to treat brain haemorrhage which has further made this scrip more attractive, and it could further be interesting to watch the results on May 19.