Overnight Digest - Stocks to look out for on June 6

1. Hindustan Aluminium 

The company has rescheduled its board meeting due to unavoidable circumstances to June6, 2016 as per the filling at BSE . The board of directors will meet to discuss the Audited Financial Results (AFR) of the company for the 4th quarter/Year ended on March 31, 2016 and to recommend dividend, if any, for the financial year 2015-16. 

2. L&T 

HDFC ergo will be buying out L&T General Insurance. L&T General Insurance has been looking for a foreign partner in its business for quite some time. L&T General Insurance is a wholly owned subsidiary of infrastructure and engineering major Larsen & Toubro (L&T). L&T General Insurance posted a loss of Rs 68.5 crore for the April to December period in the current financial year, after a Rs 70 crore loss for the same period in the previous year.

Expect some positive traction in L&T counter on Monday.

3. Indusind Bank 

Indusind Bank is scheduled to have an institutional investor meet on Friday, June 3. Philips Capital India (Pvt) Ltd and DSP Merrill Lynch Ltd are the two institutional investors participating in the meet. Expect positive momentum in the stock on Monday trading session. 

4. Bluestar :- 

Air conditioning (AC) major Blue Star has launched its new range of energy efficient and 'eco-friendly' ACs in the Uttar Pradesh market.Around 50% Blue Star room AC sales come from smaller towns as consumers in these pockets are 'aspirational'

5. Yes Bank :- 

JP Morgan has raised the price target for Yes Bank by 25 percent to Rs. 1150 and believes the stock is trading at a discount to its peers. The overweight ratings on the stock will have an overhand on the stock during the Monday's trading session.