Overnight Digest- Stocks to look out for on Oct 6

The stocks which could witness significant movement on October 6 are IOC, TFCI, Transformer & Rectifier India Ltd., Omkar Specialty Chemicals and NBCC.

Indian Oil Corporation :- Indian Oil Corporation Ltd., has informed BSE that the Company has fixed October 19, 2016 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. one new bonus equity share of Rs. 10/- each for every one existing equity share of Rs. 10/- each held.

TFCI :  The stock will remain in highlight due to Rakesh Jhunjhunwala stake news in TFCI via a partnered fund.

Transformers and Rectifiers (India) Ltd :- Transformers and Rectifiers (India) Ltd has informed BSE that the Company (TRIL) has entered into a Joint Venture agreement with Jiangsu Jingke Smart Electric Company Limited (Jingke), a Company incorporated under laws of People’s Republic of China (PRC) for purpose of starting the business of manufacturing and marketing of GIS/HGIS/TGIS systems and products for 220kV and below; and distribution products of 40.5 kV and below in India.

Omkar Speacialty Chemicals :- The chemical stocks are buzzing on bourses and are expected to show traction in coming sessions.

NBCC :-  The stock has given a price volume breakout and the momentum is expected to continue.