Overnight Digest – Stocks to look out for on August 4

The stocks which could witness significant movement on August 4 are Siemens, Prakash Industries, GM Breweries, UB Holdings, United Spirits, NTPC, Tata Power, Arvind, Gati, Gujarat State Fertilizers & Chemicals.

Siemens: The heavy electric equipment maker, Siemens has received an order worth Rs 217 crores from Power Grid Company of Bangladesh Limited. The stock may remain in the lime light in the next trading session.

Prakash Industries: The company has succeeded in securing coal linkage of 53500 MT p.a. at the base price for next 5 years from Chhattisgarh’s South Eastern Coalfields Limited. Thereby the company assures long term stability and cost savings.

GM Breweries/UB Holdings/United Spirits: The stocks of Alcohol makers will remain in focus after GST Bill has announced exemption of alcohol for human consumption from the purview of GST.

NTPC: The international rating agency Fitch has assigned NTPC’s long term local currency IDR with a ‘BBB-’ rating i.e. Stable outlook. The stock will react to it in the coming session.

Tata Power/Arvind/ Gati: Tata Power, Arvind, Gati will declare their June quarter results. The share prices of these companies will be in focus on Thursday.

Gujarat State Fertilizers & Chemicals: The company’s likely agreement with M/S Karnalyte Resources Inc. to facilitate debt financing for its Wynyard Potash Project ceased as agreement could not be reached on major terms. The stock may react to it.