Overnight Digest- Stocks to look out for on November 18

The stocks which could witness significant movement on November 18 are Canara Bank, Punj Llyod, Bafna Pharmaceuticals, Aarti Industries & NHPC/3M India/JB Chemicals/ Ricoh India. 

Canara Bank :-  Canara Bank has informed BSE that the Bank has revised deposit interest rates in different maturities in retail and bulk deposits in the range of 5bps to 25 bps and these are effective from November 21, 2016.

Punj Llyod :-  Punj Lloyd Ltd., has informed BSE that Punj Lloyd Infrastructure Limited (“PLIL”), a wholly owned subsidiary of the Company has executed definitive agreements with India Power Green Utility Private Limited (“IPGUPL”) to co-develop 30 MW of solar assets in Uttarakhand, in respect of three Solar Power Projects, each of 10 MW capacity won by PLIL under the tarrif based competitive bidding process in October 2015 to be executed by its wholly owned subsidiaries.

Bafna Pharmaceuticals : - The company has declared its Q2 results on Thursday.

Aarti Industries :-Inga Capital Pvt. Ltd., (Manager to the Buy back Offer") has submitted to BSE a copy of Letter of Offer in respect of the offer of Aarti Industries Ltd., (“Target Company”) to buyback 12,00,000 (Twelve Lac) fully paid up Equity Shares of the Company of face value of 5/- (Rupees Five only) each at a price of Rs. 800/- (Rupees Eight Hundred Only) per Equity Share on a proportionate basis through Tender Offer (“Buyback”).

NHPC, 3 M India, JB chemicals, Ricoh India :- These companies will be declaring their Q2 results on Friday and the stocks are expected to trade volatile in Friday’s session.