Overnight Digest – Stocks to look out for on July 5

The stocks which could witness significant movement on July 5 are Tata Steel, Bhushan Steel, The Ramco Cements, Reliance Industries, Grasim Industries.

Tata Steel: Tata Steel’s hot steel production has risenby 16.66 per cent to 3.01 million tonnes (MT) in Q1FY17 on a yearly basis. The stock will be watched out in Tuesday’s trading session.

Bhushan Steel: For the purpose of capacity addition from 4 Million Tons to 5 Million Tons per annum of Hot Strip Mill of Bhushan Steel situated at District Dhenkanal, Orissa, the company is shutting down the said mill for about 20 days.

The Ramco Cements: Ramco Cements gets green nod to expand power plant in Tamil Nadu. The Centre has given environment clearance  for expansion of its captive power plant at Alathiyur in Tamil Nadu at a cost of about Rs 21.42 crore. The share price of the company will be in focus on July 5.

Reliance Industries: Reliance Industries (RIL) has received green nod for drilling eight additional exploratory wells to ascertain the reservoir capacity and commercial viability of hydrocarbons off the coast of Tamil Nadu at a project cost of Rs 800 crore. The share price of the company will be in limelight on Tuesday.

Grasim Industries: Grasim Industries has resumed its production at Staple Fibre Plant at Nagda in phased manner. Earlier, the company stopped operation at plant due to scarcity of water. The share price of the company will be watched in July 5 trading session.