Overnight Digest- Stocks to look out for on Oct 7

The stocks which could witness significant movement on October 7 are Jai Prakash Power Ventures, Bajaj Finance Ltd., Matathon Nextgen Realty Ltd., PC Products India Ltd., and HDFC. 

Jai Prakash Power Ventures :- The company has informed bourses that it will divest some of its units and decision will be made after a meeting on Thursday in order to reduce debts. 

Bajaj Finance Ltd :- Bajaj Finance Ltd., has informed BSE that CRISIL has vide its letter dated October 06, 2016, upgraded credit rating of the Company in respect of long term bank loan and non-convertible debentures.

Marathon Nextgen Realty Ltd. :- Marathon Nextgen Realty Ltd., has informed BSE that the "Hon'ble High Court of Judicature At Bombay" has on October 06, 2016 orally pronounced an Order, approving the Scheme of Amalgamation of Parmeka Pvt. Ltd., a wholly owned subsidiary with Marathon Nextgen Realty Ltd.

PC Products India Ltd. :- PC Products India Ltd., has informed BSE that the board meeting of the Company will be held on October 13, 2016, inter alia, to consider allotment of 48,70,606 Equity Shares on Preferential Basis (SWAP) to others for acquisition of M/s. Krisani Bio Sciences Private Limited subject to the In-approval received from the Stock Exchanges.

HDFC : - Mortgage lender HDFC Ltd., will raise Rs 1,500 crore by issuing debt securities on a private placement basis. The secured non-convertible debentures (NCDs) will carry coupon rate of 7.5 percent per annum.