Overnight Digest – Stocks to look out for on August 16

The stocks which could witness a significant movement on August 16 are NMDC, M&M, Maruti Suzuki, GVK Power & Infrastructure, Ambuja Cements, McDowell Holdings, Just Dial and Power Grid Corporation.

NMDC: The company has posted its Q1FY17 results after market hours on Aug 12 where company has posted net profit of Rs 711.34 crores as against Rs 1015.39 crores YoY. The stock will react accordingly in Monday’s trade.

M&M/ Maruti Suzuki: The Supreme Court has lifted diesel ban in Delhi-NCR where the registration of 2000 cc and above diesel vehicles will be allowed on payment of1 per cent environment cess on ex-showroom prices. The news is a boost for the vehicle makers.

GVK Power & Infrastructure:  According to media reports the Hyderabad based power and infra company is likely to sell its 332-km Deoli-Kota Expressway project in Rajasthan to reduce its debt levels.

Ambuja Cements: Under the scheme of amalgamation between Ambuja Cements and Holcim India, all assets of HIPL including shares held in ACC will be transferred to Ambuja Cements. Thereby ACC will become subsidiary of Ambuja Cements while the ultimate holding company remains unchanged being LafargeHolcim Limited. Ambuja Cements will remain in the limelight on Monday.

McDowell Holdings/ Just Dial /Power Grid Corporation: -The Q1FY17 results will be declared on August 13 and 16, and the stock prices will show some amount of volatility on Monday.