Overnight Digest- Stocks to look out for on December 9

The stocks which could witness significant movement on December 9 are Chaman Lal Setia Exports Ltd. , Jyothi Labs, Praj Industries, NHPC and Banco Products (India) Ltd.

Chaman Lal Setia Exports Ltd :- Company has informed BSE that the Company has received credit ratings from CRISIL Ratings as follows:

1. Total Bank Loan Facilities Rated : Rs. 1000 Million

2. Long-Term Rating : CRISIL BBB+/Positive

3. Short-Term Rating : CRISIL A2.

Jyothi labs :-  Board has approved NCD of Rs 400 Crore on a private placement basis.

Praj Industries :- Praj has entered into a binding agreement for cost sharing with Indian Oil Corporation (IOCL) on December 7, 2016 to set up one plant each at Panipat, Haryana and Dahej, Gujarat. These 2nd Generation (2G) bio-ethanol plants will have capacity to produce 100 Kilo litres of ethanol per day.

NHPC :- Signs PFA for Tawang I &II HE project with Assam Power Distribution Company.

Banco Products (India) Ltd :- The company has informed BSE that the board of directors of the Company after detailed deliberations and discussions, decided to drop the proposal of buyback of equity shares of the Company and decided not to further proceed with the proposal of buyback of equity shares of the Company.