Overnight Digest – Stocks to look out for on June 13
DSIJ Intelligence / 10 Jun 2016
The stocks which could witness significant movement on June 13 are Nalco, ITC/Godfrey Phillips India Ltd., Yes Bank, SBI, Dwarikesh Sugar Industries/ Dhampur Sugar Mills.
The stocks which could witness significant movement on June 13 are Nalco, ITC/Godfrey Phillips India Ltd., Yes Bank, SBI, Dwarikesh Sugar Industries/ Dhampur Sugar Mills.
a) Nalco: State owned aluminium maker National Aluminium Company and Defence Ministry’s Mishra Dhatu Nigam Ltd. (MIDHANI), are in talks to set up an aluminium lithium plant. The stock may react to the news on Monday.
b) ITC/Godfrey Phillips India Ltd.: Federation of All India Farmer's Association (FAIFA) on Friday said that it supports the ban on FDI on tobacco sector. The two shares could be volatile on Monday.
c) Yes Bank: Yes Bank on Friday on an intraday basis has closed positive at 2.11 per cent. The shares during the last two days are trading in green on the news that the bank has acquired 8 per cent of Receivable Exchange of India. The shares will likely open in green on Monday.
d) SBI: SBI and Spain's CaixaBank have signed a pact to provide loans to Indo-Spanish joint ventures and local enterprises. The SBI stock on Friday has closed at Rs 206.20, down by 1.81 per cent.
e) Dwarikesh Sugar Industries/Dhampur Sugar Mills: The centre has imposed 25 per cent hike on export of sugar. On Friday the Dhampur stock has gained by 6 per cent.
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