Overnight Digest – Stocks to look out for on June 3

The stocks which could witness significant movement on June 3 are Navkar Corporation; Power Finance Corporation; TVS Motor Company; Shree Pushkar Chemicals & Fertilisers; and Mahindra & Mahindra.

Navkar Corporation: Navkar Corporation has entered into an agreement between Navkar Terminals (wholly owned subsidiary of Navkar Corporation) and Kribhco Infrastructure (KRIL). Navkar Terminals has received contract for operation and management of KRIL’s Container Freight Station (CFS)/ICD and handling of container trains at Hazira Terminal, Gujarat.

Power Finance Corporation: Power Finance Corporation (PFCL) has acquired stakes in Shree Maheshwar Hydel Power Corporation (SMHPCL). Earlier, the company had given a loan of Rs 700 crore to SMHCPL along with guaranteeing Rs 400 crore to the bond holders of SMHPCL. SMHPCL had pledged shares for its loan to PFCL. The company has about 23.32 per cent of equity stake in SMHPCL.

TVS Motor Company: TVS Motor Company has launched powerful four stroke TVS XL 100 in Himachal Pradesh, Chandigarh, Punjab, New Delhi and Haryana markets from June 2. Its share price will be watched out in Friday’s trading session.

Shree Pushkar Chemicals & Fertilisers: The company has commissioned the additional capacity of Vinyl Sulphone as on May 31. In-line with its strategy to support the captive requirement of Dyes operations it has commissioned its additional capacity of 1000 MTA of Vinyl Sulphone, a key raw material used in dyes manufacturing. The shares of Shree Pushkar Chemicals & Fertilisers will be in limelight on June 3.

Mahindra & Mahindra: The company has launched eVerito, India's 1st Zero-Emission, All-Electric Sedan on June 2. The price of the sedan will be Rs 9.5 lakh in three variants. The car will be available in key cities like New Delhi, Mumbai, Bangalore, Pune, Kolkata, Chandigarh, Hyderabad, Jaipur and Nagpur with immediate effect. The share price of Mahindra & Mahindra will be watched out in Friday’s entire session.