Overnight Digest – Stocks to look out for on August 5
Bhagyashree Vivarekar / 04 Aug 2016
The stocks which could witness a significant movement on August 5 are Coal India, PC Jeweller, Deepak Fertilizers & Petrochemicals Corporation, Shirpur Gold Refinery and Bharat Forge.
The stocks which could witness a significant movement on August 5 are Coal India, PC Jeweller, Deepak Fertilizers & Petrochemicals Corporation, Shirpur Gold Refinery and Bharat Forge.
Coal India: India’s largest coal producer, Coal India is likely to sign a pact with mining company owned by Government of South Africa to jointly acquire coal mines in South Africa. The stock will be in focus in the coming sessions.
PC Jeweller: PC Jeweller is likely to open new showroom on Sunday Aug 7 at Najafgarh, Delhi. Company will have a total of 52 showrooms across India.
Deepak Fertilizers & Petrochemicals Corporation: The company is setting up green field project for Nitric Acid production capacities at Dahej, Gujarat. The company is estimated to invest Rs 550 crores in the project.
Shirpur Gold Refinery: The company has informed that its wholly owned step down subsidiary, Precious Metals Mining & Refining Ltd., (PMMRL), Papua, New Guinea has commenced its operations w.e.f. Aug 03.
Bharat Forge: Bharat Forge will announce its Q1FY17 results on Aug 5. The BREXIT effect may have affected the quarterly numbers. The stock will remain in focus in Friday’s session.