Overnight Digest- Stocks to look out for on January 9
DSIJ Intelligence / 06 Jan 2017
The stocks which could see significant movement on either side on January 9 are 8K Miles Softwares, JSW Energy, BEML, Sobha Developers and Granules India.
The stocks which could see significant movement on either side on January 9 are 8K Miles Softwares, JSW Energy, BEML, Sobha Developers and Granules India.
a) 8K Miles Software: Mid-cap software major 8K Miles Software Services would be coming with its Q3 earnings on Monday. The management commentary would be crucial, given the muted growth in IT industry in the previous quarters.
b) JSW Energy: The company has informed BSE that it has successfully secured an order from a power company in Karnataka for supply of 650 MW.
c) BEML: The company has informed BSE that the Government of India, Ministry of Defence, has communicated 'in-principal' approval of the Cabinet Committee on Economic Affairs (CCEA) of the Government of India, for strategic disinvestment of 26 per cent equity shares in BEML, out of Government of India shareholding of 54.03 per cent.
d) Sobha: The company has informed BSE about its operation for the quarter ending December 31. The company informed of its borrowing cost coming down by 100 bps. The cash flow and debt positions remained stable for Q3.
e) Granules India: The company has informed BSE that INFARMED, Portugal, had conducted a renewal inspection on the company’s facility located at Gagillapur, Telangana. With respect to the inspection, the regulator has raised 11 observations. The facility manufactures pharma formulation and finished dosages.
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