Overnight Digest- Stocks to look out for on Oct 19

The stocks which could witness significant movement on October 19 are TCS, Tata Motors, Havells India Ltd., Garden Silk Mills Ltd., and IDFC Bank.

TCS :- Tata Consultancy Services has extended and expanded its partnership as official IT provider to the Standard Chartered Marathon Singapore.

Tata Motors :- Tata Motors Ltd., has informed BSE that a meeting of the duly authorised Committee was held on October 18, 2016, approving offering for subscription, on a private placement basis, up to 5,000 Rated, Listed, Unsecured, 7.50% Coupon, Redeemable, Non-Convertible Debentures (“NCDs”) of face value Rs. 10,00,000/- each, at par, aggregating up to Rs. 500 crores, including green shoe amount of Rs. 200 crores.

Havells India Ltd.:- Havells India Ltd., has posted a net profit of Rs. 1457.90 million for the quarter ended September 30, 2016 as compared to Rs. 1195.30 million for the quarter ended September 30, 2015. Total Income has increased from Rs. 14434.20 million for the quarter ended September 30, 2015 to Rs. 15846.30 million for the quarter ended September 30, 2016.

Garden Silk Mills Ltd. :- Garden Silk Mills Ltd.,has informed BSE that a meeting of the board of directors of the Company will be held on October 25, 2016, to consider the proposal for raising of funds aggregating to Rs. 30 crores by issue of convertible share warrants / convertible securities in favor of promoter / promoter group of the Company upon such terms and conditions as may be deemed appropriate by the Board in accordance with the provisions of SEBI ICDR Regulation and other applicable laws in this respect.

IDFC Bank :-  India Index Services & Products Ltd., which maintains Nifty indices, said in a statement that the IDFC will be part of NIFTY Midcap 50. And the changes will be effective from November 15.