Overnight Digest- Stocks to look out for on November 24

DSIJ Intelligence / 23 Nov 2016

Overnight Digest- Stocks to look out for on November 24

The stocks which could witness significant movement on November 24 are Zee Media Corporation Ltd.; TVS Motor Company; Reliance Capital Ltd.;Manpasand Beverages/ Optocircuits; and Transformers and Rectifiers (India) Ltd.

The stocks which could witness significant movement on November 24 are Zee Media Corporation Ltd.; TVS Motor Company; Reliance Capital Ltd.;Manpasand Beverages/ Optocircuits; and Transformers and Rectifiers (India) Ltd.

Zee Media Corporation Ltd. : Zee Media Corporation Ltd., has informed BSE that the board of directors of the Company at the meeting held on November 23, 2016, has approved in-principle, acquisition of Equity stake by the Company in the Radio Broadcasting business of Reliance Broadcast Network Limited (RBNL).

TVS Motor Company :- The company has launched IRIDE – An augmented Riding Experience for Customers.

Reliance Capital Ltd :- The company will be reducing its debt by Rs. 1,900 Crore (US $ 283 Million) through Value Unlocking in Radio and TV Business. The stock may continue the momentum in tomorrow’s session.

Manpasand Beverages/ Optocircuits :- These companies will be coming up with Q2 FY17 results on November 24 and the stocks might remain volatile.

Transformers and Rectifiers (India) Ltd :- The Company has been awarded the order for 232 No. of Inverter Duty Transformers and 19 No. of Power Transformers upto 110 kV Class amounting to Rs. 96 crores from Adani Group for solar power project.

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