Overnight Digest - Stocks to look out for on June 16

The stocks which could witness significant movement on June 16 are GSK Consumer Healthcare, Pricol, Infoedge, Tata Power, Suzlon & NHPC.

GSK Consumer Healthcare :-

GSK Consumer Healthcare has resumed Patiala factory operations. The company had previously informed about operations being temporarily suspended at the company's factory located at Nabha, Patiala.

Pricol :- 

Pricol sold its entire shareholding of M/S Integral Investments Limited , a NBFC (non deposit taking) registered with RBI for a consideration of Rs. 2.78 crores. 

Info-edge :- 

Info Edge has acquired stake in Vcare Technologies and Unnati Online. Info Edge (India) Ltd through its wholly-owned subsidiary has invested Rs. 30 million through convertible preference shares for acquiring  a 11.5 per cent stake in Vcare Technologies Pvt. Ltd., and Rs. 40 million through convertible preference shares for acquiring 28.5 per cent stake in Unnato Online Pvt. Ltd. 

Tata Power :- 

Tata Power Renewable Energy, a arm of Tata Power has raised rs. 575 crore though issuance of non-convertible debentures (NCDs) on private placement basis.  The company said that the proceeds will be used primarily to prepay existing high cost debt in TPREL. 

Suzlon & NHPC :- 

According to ICRA the "Draft wind-solar hybrid policy will boost renewable sector. According to government's draft, National Wind-solar Hybrid Policy is in right direction for promotion of renewable energy on a large scale."