Overnight Digest - Stocks to look out for on June 8

The stocks which could witness significant movement on June 8 are Surya Roshni, Alkem Laboratories, GMR Infrastructure, Bharat Forge and Asian Granito India.

a) Surya Roshni: Surya Roshni’s board of directors meeting will be held on June 08 to consider and approve the scheme of arrangement for amalgamation of Surya Global Steel Tubes Limited (an associate of the company referred to as transferor company) with the company. The share price of the company will be watched out in Wednesday’s trading session.

b) Alkem Laboratories: Alkem Laboratories announced closure of United Kingdom- The Medicine and Healthcare Products Regulatory Agency's (UK-MHRA's) inspection for its Bioequivalence facility at Taloja. The facility is UK-MHRA compliant. The share price will have movement due to positive news from the regulatory body.

c) GMR Infrastructure: GMR Infrastructure led consortium has bagged 221 kilometer of Eastern Dedicated Freight Corridor railway project. The project of Rs 2280.7 crore will be funded by World Bank. This project connects three states including Uttar Pradesh, Haryana & Punjab. The stock will be in the limelight in the trading session of June 8.

d) Bharat Forge: Alstom Bharat Forge Power Limited, a joint venture company between GE and Bharat Forge has signed a contract worth of USD 219 million (Rs 1495 core) with NTPC. The company will provide 800 MW ultra-supercritical Steam Turbine Generator Islands on an EPC basis. The share price of Bharat Forge will be watched out in Wednesday’s trading session.

e) Asian Granito India: Asian Granito India (AGIL) won 12 lakh square meter order for its recently launched 1000x1000mm jumbo double charge vitrified tiles and 800x800mm imperio double charge vitrified tiles. AGIL is pioneer in bringing world’s most eco-friendly double charged technology developed by SACMI ITALY, for the first time in India. The share price will be in focus in Wednesday’s trading session.