Overnight Digest – Stocks to look out for on August 18

The stocks which could witness a significant movement on August 18 are Reliance Industries, Unitech, Bharti Airtel/ Idea Cellular/ Reliance Communications, India Cements/ Shipping Corporation of India/ Transport Corporation of India and Dish TV.

Reliance Industries: Reliance will set up Scotch & Soda stores in all major cities in India by 2017. Currently, Scotch & Soda has over 160 stores, and can be found in over 8000 outlets including the best global department-stores and independents worldwide and in the brand’s webstore.

Unitech: The Supreme Court has ordered real estate giant Unitech to refund Rs 15 crore to investors in delayed housing projects in Gurgaon. However, it agreed to hear the company's plea against a consumer forum's order requiring it to refund three investors in its Gurgaon homes.

Bharti Airtel/ Idea Cellular/ Reliance Communications: Amid charges and counter-charges between existing mobile players and Reliance Jio over inter-connection, TRAI has promised swift action. The stocks such as Bharti Airtel; Idea Cellular; and Reliance Communications will be watched out on August 18.

India Cements/ Shipping Corporation of India/ Transport Corporation of India:  India Cements; Shipping Corporation of India; and Transport Corporation of India will declare their Q1FY17 results on Thursday.

Dish TV: According to media reports Dish TV and Videocon D2H are in final stages of a merger deal. The share prices of Dish TV and Videocon will be in focus on August 18.