Overnight Digest- Stocks to look out for on November 22
DSIJ Intelligence / 21 Nov 2016
The stocks which could witness significant movement on November 22 are Shalimar Paints, Muthoot Finance/Mannapuram Gold Loan, Arvind Mills, Brigade Entreprises and All Cargo/Sobha developers.
The stocks which could witness significant movement on November 22 are Shalimar Paints, Muthoot Finance/Mannapuram Gold Loan, Arvind Mills, Brigade Entreprises and All Cargo/Sobha developers.
Shalimar Paints :- The company has informed the bourses on Monday about the fire in plant at Nashik, Maharashtra. The damage caused due to fire is being estimated and the company suggested that the efforts are made to get the production smoothly going ASAP.
Muthoot Finance/Mannapuram :- RBI has relaxed the loan repayment norms for banks and NBFCs. Also the gold prices firming up augurs well for the gold finance companies.
Arvind Mills :- The company has raised Rs 740 cr by diluting stake in fashion arm. The funds were raised by completing the transaction with the private equity firm -Multiples.
Brigade Enterprises Ltd :- Brigade Enterprises Ltd vide its letter dated November 21, 2016 has informed BSE regarding a Press Release titled "Brigade Enterprises Ltd. announces strategic partnerships with Microsoft & Intel to benefit Startups in its technology focused Real Estate Accelerator Program (REAP)".
All Cargo/ Sobha Developers: - These companies will be declaring their Q2FY17 results on November 22nd.
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