Overnight Digest – Stocks to look out for on September 9

DSIJ Intelligence / 08 Sep 2016

Overnight Digest – Stocks to look out for on September 9

The stocks which could witness significant movement on September 9 are Mahindra CIE Automotive, Zensar Technologies, Gati/VRL Logistics/Snowman Logistics, Yes Bank and Coal India/ Gujarat Gas/ Titagarh Wagons.

The stocks which could witness significant movement on August 9 are Mahindra CIE Automotive, Zensar Technologies, Gati/VRL Logistics/Snowman Logistics, Yes Bank and Coal India/ Gujarat Gas/ Titagarh Wagons.

Mahindra CIE Automotive: As per media reports, Mahindra CIE is to acquire 100 per cent stake in Bangalore based company Bill Forge. The share price of the company will be in focus on Friday.

Zensar Technologies: Zensar Technologies signs multi-million dollar development deal with AVIS Fleet in South Africa. The stock price will be watched out on September 9.

Gati/VRL Logistics/Snowman Logistics: President gave nod for constitutional law for GST. After that logistics companies will be in focus on Friday. 

Yes Bank:  Due to extreme volatility during Thursday’s trading day because of misinterpretation of new QIP guidelines, Yes Bank has been advised by its appointed merchant bankers to defer its proposed QIP.

Coal India/ Gujarat Gas/ Titagarh Wagons: Coal India, Gujarat Gas and Titagarh Wagons will declare their Q1FY17 results on Friday. The share prices of these companies will be in limelight on September 9.

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