Overnight Digest – Stocks to look out for on August 17

The stocks which could witness a significant movement on August 17 are Unilever, Tata Motors, Dhanlakshmi Bank, Piramal Enterprises and Radico Khaitan.

a) Unilever:Company has informed the bourses that it has signed an agreement to acquire Blueair, world's leading supplier of innovative mobile indoor air purification technologies and solutions.

b) Tata Motors:Standard & Poor's Ratings Services (S&P) has raised its long-term corporate credit rating on Tata Motors to a better grade. Agency has raised the company’s rating to 'BB+' from 'BB' with a stable outlook.

c) Dhanlakshmi Bank:Dhanlakshmi Bank has informed BSE, that BrickWork has revised the rating on Lower Tier II Bonds of the bank from BWR BB+ to BWR BB.

d) Piramal Enterprises:Company has entered into an agreement to acquire Ash Stevens Inc., a US based contract development and manufacturing organisation (CMDO) for high potency APIs. Deal is all in cash and is for a consideration of USD 42.95 million plus an earn out consideration capped at USD 10 million.

e) Radico Khaitan:Company will declare its Q1FY17 results, on August 17. The scrip on Aug 16, closed at Rs 93, up by 1.97 per cent.