Overnight Digest – Stocks to look out for on June 17

The stocks which could witness significant movement on June 17 are Tata Motors, Federal Bank, NTPC, Wipro and Ujaas Energy Ltd.

a) Tata Motors: Fire has broken out in Tata Nano’s vendor park in Sanand Plant. However, the estimate of loss is yet to be ascertained. Reports have it that the fire did not impact the production of Tiago.

b) Federal Bank: Federal Bank has informed the exchange that a meeting of the board of directors of the Bank is scheduled on June 21, 2016, and will approve the issue of Debt Securities on a private placement basis, within the overall borrowing limits in one or more tranche(s).

c) NTPC : Rating agency Fitch has affirmed 'BBB-' rating to NTPC, indicating a low default risk on debt. The shares will most probably open in green on June 17.

d) Wipro: Software major Wipro has sought the government's nod to set up an IT special economic zone (SEZ) in Kolkata. The company will set up the plant in an area of 19.76 hectares. 

e) Ujaas Energy Ltd.: Ujaas Energy Ltd., has informed BSE that it has received an order worth Rs 20.66 crore from Aligarh Muslim University for development of 3MW (AC) Grid Connect Solar PV.