Overnight Digest - Stocks to watch out on June 22
DSIJ Intelligence / 21 Jun 2016
The stocks that may witness some kind of significant movements on June 22 in the markets are: Supreme Infrastructure, Tata Power, Premco Global/Arvind Mills/Indo Count Industries, Coal India and Hindalco.
The stocks that may witness some kind of significant movements on June 22 in the markets are: Supreme Infrastructure, Tata Power, Premco Global/Arvind Mills/Indo Count Industries, Coal India and Hindalco.
a.) Supreme Infrastructure : The company has been declared L1 in the two EPC (engineering, construction and procurement) projects of City and Industrial Development Corporation of Maharashtra (CIDCO) worth Rs 397.68 crore, the company said in a filing to the BSE.
b. ) Tata Power :Tata Power Renewable Energy has won 30 mw solar grid connected photovoltaic project in Maharashtra.
A unit of Tata Power, TPREL has received the Letter of Intent (LoI) to develop the project and will sign a 25-year power purchase agreement with NTPC Vidyut Vyapar Nigam.
c.) Premco Global /Arvind Mills/ Indo Count Industries :Cabinet is likely to clear textile policy on June 22. After an FDI push, the Cabinet along with the Cabinet Committee of Economic Affairs will meet to chart out a new textile policy to incentivise garments manufacturing through value-added services.
d.) Coal India : The Finance Ministry is planning to launch a new Exchange Traded Fund (ETF) as an additional mechanism to monetise government's stake in listed PSUs and other companies.
e.) Hindalco :With aluminium prices firming up Hindalco keeps gaining ground. The stock hit a 52 w high on Tuesday and the strength may continue in the counter on Wednesday. Hindalco has reported better-than-expected results for the quarter ended March 2016 (Q4FY16).
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