Overnight Digest- Stocks to look out for on January 12
DSIJ Intelligence / 11 Jan 2017
The stocks that could see significant movement on either side on January 12 are TCS, Bajaj Corporation, Cyient, MRF, TRIGYN Technologies, Atlanta and DHFL.
The stocks that could see significant movement on either side on January 12 are TCS, Bajaj Corporation, Cyient, MRF, TRIGYN Technologies, Atlanta and DHFL.
TCS, Cyient and Bajaj Corp.: The country’s largest software service provider Tata Consultancy Services along with mid-tier IT firm Cyient will be reporting their Q3 earnings on Thursday. FMCG company Bajaj Corp. will also be coming out with its Q3 results on Thursday.
MRF: The company has informed BSE that it has signed an MOU with the Government of Gujarat on January 11, 2017, expressing its in-principle intention to set up a new manufacturing facility in Gujarat for the manufacture of automotive tyres, tubes, flaps, and related products. The company plans to invest about Rs 4500 crore over a 10-year period in a phased manner.
Trigyn Technologies: The company has informed BSE regarding an award of a contract from the United States General Services Administration (GSA). The contract has designated Trigyn Technologies as an approved vendor for a period of five years.
Atlanta Ltd: The company has informed the BSE that it has been declared a preferred bidder for the six-laning of NH-8 in the state of Gujarat (length 93.210 km) under NHDP Phase V (Package-VI) on hybrid annuity mode at a total project cost of Rs 1292 crore by the National Highways Authority of India (NHAI).
DHFL: The company has informed the BSE that it proposes to seek the approval of its board of directors at their meeting scheduled on January 16, 2017, for raising funds by way of issue of preference shares on terms decided by the board.
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