Overnight Digest- Stocks to be looked out for January 11

The stocks which could see a significant movement on either side on January 11 include: South Indian Bank, BEL, Adani Ports & SEZ, IL&FS and IndusInd Bank.

a) South Indian Bank: This private lender, South Indian Bank, will be coming with its Q3 earnings on Wednesday. Hence, asset quality, slippages and CASA figures would be keenly watched along with management commentary.

b) BEL: The company has informed the BSE that the proposal for sub-division of company's equity shares with face value of Rs. 10/- each will be considered by the board of directors.

c) Adani Ports & SEZ: Founder-Chairman Gautam Adani promised an additional investment of Rs 16,700 crore in augmenting terminals capacity in Gujarat. The announcement came via Adani's speech on the inaugural day of Vibrant Gujarat Summit programme.

d) IL&FS INVESTMENT MANAGERS: The company has informed BSE about the acquisition of controlling stake between the companies IL&FS Infra Asset Management Limited and its trustee company IL&FS AMC Trustee Limited.
 
e) IndusInd Bank: This private sector lender posted a good set of Q3 numbers with profits rising by 29.2 per cent to Rs 751 crore with asset quality remaining stable as bank reported NPA of 0.39 per cent in this quarter. Management expects an uptick in the credit demand for the coming quarter. Stock is likely to remain in focus post positive commentary from the management and also brokerage updates.