Overnight Digest – Stocks to look out for on August 22
Bhagyashree Vivarekar / 19 Aug 2016
The stocks which could witness a significant movement on August 22 are Indian Hotels, Fortis Healthcare, Sun TV Network, Ujjivan Financial Services and CCL International.
The stocks which could witness a significant movement on August 22 are Indian Hotels, Fortis Healthcare, Sun TV Network, Ujjivan Financial Services and CCL International.
Indian Hotels: Indian Hotels has clarified that the media news of its merger with Taj GVK was completely groundless; and the company has no such plans and there has been no discussion on the same in the company.
Fortis Healthcare: Company's board has approved the demerger of the diagnostic business, which includes amalgamation of operations at its subsidiary SRL Limited, into another fully owned unit Fortis Malar Hospitals Limited for a consideration of Rs 43 crores.
Sun TV Network: Sun Group’s assoiate, Sun TV has posted its Q1FY17 results post markets hours on Aug 19. Company’s revenue has grown by 10 per cent to Rs 760.83 crores and net profits have grown by 19 per cent to Rs 2330.6 crores.
Ujjivan Financial Services: The company has filed an application with the RBI to issue a bank license to its wholly owned subsidiary, Ujjivan Small Finance Bank.
CCL International: The company has informed BSE that M/S Sybly Industries, which is also a listed company, has ceased to be an associate company of CCL. CCL was holding 21.5 per cent stake in the company.
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