Overnight Digest – Stocks to look out for on June 20
Bhagyashree Vivarekar / 17 Jun 2016
The stocks which could witness significant movement on June 20 are HCL Technologies Limited, Dewan Housing Finance Corporation Limited, NTPC Limited, Srei Infrastructure Finance Limited and Axis Bank Limited.
a) HCL Technologies: The IT giant HCL Technologies has signed a strategic partnership contract with a Dutch fleet management and driver mobility company LeasePlan. The collaboration will be brought into effect for providing IT solutions in various domains.
b) DHFL: DHFL’s arm DHFL Pramerica Life Insurance company has announced an entry into the health insurance segment, launching its first pure online, "direct to customer" product. DHFL may see a momentum in the next week.
c) NTPC: The power generator NTPC has saved Rs 446 crore in its energy bill in April 2016 despite of a rise in coal prices amid recent clean energy cess on coal. The company is striving to bring down the energy charges under Ujwal DISCOM Assurance Yojana.
d) Srei Infra: Srei Infra, a non banking finance company has completed its share swap which was announced earlier in December to buy out 50 per cent stake in Srei Equipment from BNP Paribas.
e) Axis Bank: India’s largest private sector lender plans to open 400 new branches in financial year 2016-17 and eyes the upcoming smart cities as potential areas of business. The stock may see some pressure in the coming sessions.
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