Overnight Digest – Stocks to look out for on August 2

The stocks which could witness significant movement on August 2 are NTPC, Tech Mahindra, Century Ply, GPT Infraprojects, Zydus Wellness.

a) NTPC: The company has informed BSE, that the company has approved fund raising by the way of issue of secured Bonds/NCDs upto Rs 15000 crores.

b) Tech Mahindra: Company post market hours on August 1, has declared its Q1FY17 results. In Q1, the company has reported 9.54 per cent fall in consolidated net profit at Rs 796.54 crore against Rs 880.59 crore in the sequential quarter ended March 31, 2016.

c) Century Ply: Q1FY17 results are expected Tuesday. Company had posted a timid result in Q4FY16. In Q4, company had reported a 15.53 per cent decline in standalone net profit at Rs 40.52 crores.

d) GPT Infraprojects: The company has informed bourses that the credit rating for bank facilities of the company has been revised by CARE ratings to CARE BBB from BBB (-).

e) Zydus Wellness: Company will also declare its Q1FY17 results Tuesday. On August 1, the scrip of the company has closed at Rs 793, down by 0.34 per cent. In Q4FY16, the company had reported a 28 per cent rise in net profits.