Overnight Digest - Stocks to look out for on June 10

The stocks which could witness significant movement on June 10 are Ashok Leyland, M&M, Cairn India, Kesoram Industries,Tata Motors, JET Airways, Interglobe aviations, Power Grid.

a)  Kesoram Industries :- 

Kesoram Industries has hit its 52 w high on the news of revision of ratings by CARE. The positive momentum may continue in the stock in Friday's session. 

b) Cairn India:- 

 Cairn India can expect to trade positive based on firming  crude oil prices. 

c) Mahindra & Mahindra /Ashok Leyland :- 

Automobile stocks like Mahindra & Mahindra and Ashok Leyland can fair better on Friday owing to the media reports of Auto Industry's request to govt for rupee trade with African nations. African nations constitute 30-35 per cent of the automobile exports from India. 

d) Tata Motors :- 

Tata Motors may react positively  to the news of launching of new JLR variant Jagaur XE, priced at 43.69 lacs. 

e) Jet airways/Interglobe :- 

 Stocks like Jet Airways and Inter globe  are expected to do well on bourses on Friday, owing to  Govt ruling out the capping of airfares. 

f) Power Grid :- 

Power grid while making a 52 w high on Thursday is expected to carry the good momentum in Friday's session even as broader markets may trade under pressure and could be choppy.