Overnight Digest – Stocks to look out for on July 8

The stocks which could witness significant movement on July 8 are MMTC, Tata Motors, Lupin, Tata Steel and Palred Technologies.

MMTC: State-owned trading firm MMTC is all set to e-auction the precious metal collected by the government under the Gold Monetisation Scheme in lots of five kg bars. The share price of the company will be watched out on Friday.

Tata Motors: Tata Motors’ JLR division witnessed record sales in six months till June. The company’s Jaguar brand has sold 61651 vehicles during the period, up 64 per cent from a year ago.

Lupin: Lupin has received Establishment Inspection Reports (EIR) from USFDA for Goa, July 2015 Inspection. However, the responses from the March 2016 USFDA inspection and updates thereafter are still under review by the agency. The stock price will be in limelight on Friday.

Tata Steel: Tata Steel management is likely to meet on Friday to discuss stake sale of its UK business. UK’s business secretary is currently in India to mull over stake sale with the Tata management. The share price of the company will be in focus on July 8.

Palred Technologies: Palred Technologies’ LatestOne.com has achieved break even on direct cost basis. Its revenue stands at Rs 11.35 crore for Q1FY17 against Rs 6.80 crore in Q1FY16. Its   contribution margin stands at Rs 18 lakhs for Q1FY17. The share price will be watched out on Friday.