Overnight Digest- Stocks to look out for on January 2
DSIJ Intelligence / 30 Dec 2016
The stocks which could see a significant movement on January 2 are Maruti Suzuki/Ashok Leyland/Hero MotoCorp, Transformers and Rectifiers, Websol Energy System, Lupin and BDH Industries.
The stocks which could see a significant movement on January 2 are Maruti Suzuki/Ashok Leyland/Hero MotoCorp, Transformers and Rectifiers, Websol Energy System, Lupin and BDH Industries.
a) Maruti Suzuki/ Ashok Leyland/Hero MotoCorp: These companies will be in top focus when the market opens on the first trading day of January 2017 as they will be declaring autos' sales numbers of December month which have seen slight revival since the month of November after the demonetisation effect.
b) Transformers and Rectifiers: The company has informed BSE that they have been awarded an order for Power Transformers with natural/synthetic ester oil of 66 kV class amounting to Rs. 92 crores from Gujarat Energy Transmission Corporation Limited (GETCO).
c) Websol Energy System: The company has informed BSE that it has successfully completed the FCCB restructuring exercise as per the terms approved by the shareholders of the Company. The same has also been approved by RBI.
d) Lupin: The company has informed BSE of receiving tentative approval for Pitavastatin tablets to be marketed, which are a generic version of Kowa company's product.
e) BDH Industries: The company has informed BSE regarding rating agency reaffirming long term and short term bank facility of the Company.
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