Overnight Digest :- Stocks to look out for on July 19

The stocks which could witness a significant movement on July 19 are  Wipro/Ultratech, Novartis, Camlin Fine Sciences, Tata Steel,  M&M, Tata Motors and Maruti Suzuki. 

Wipro /Ultratech :  Q1FY17 results are expected for Ultratech Cement and Wipro on July 19. Ultratech Cement is expected to come up with good set of results. IT companies have so far disappointed this result season,  and Wipro may simply not buck the trend. 

Novartis : Ambit Pvt. Ltd., (formerly known as Ambit Corporate Finance Pvt. Ltd.) has submitted to BSE a Copy of Public Announcement to the equity shareholders/ beneficial owners of equity shares of Novartis India Ltd.,  ("Target Company") for buyback of equity shares through a tender offer ("Buyback").

Camlin Fine Sciences :- Camlin Fine Sciences Ltd., has informed BSE that the State Level Environment Impact Assessment Authority (SEIAA), Gujarat at its meeting held on July 16, 2016 has granted the environmental clearance to the Company for setting up a manufacturing facility for Hydroquinone/ Catechol and its down-stream products at Dahej SEZ and Bharuch district in Gujarat. 

The said environmental clearance was granted under all the conditions recommended by the State Level Expert Appraisal Committee(SEAC).

Tata Steel :-  Tata Steel plans to raise Rs 10,000 crores via private placement.  

Mahindra & Mahindra/ Tata Motors/Maruti Suzuki :-  NGT has banned all diesel vehicles more than 10 years old . The ban augurs well for car makers as there may be a perk up in demand for new cars.