Overnight Digest- Stocks to look out for on January 16
DSIJ Intelligence / 13 Jan 2017
The stocks which could see significant movement on either side on January 16 are DCB Bank, Network18 Media & TV18 Broadcast, Reliance Industries, DHFL, LIC Housing, Tata Communication, Axis Bank and Scial Logistics.
The stocks which could see significant movement on either side on January 16 are DCB Bank, Network18 Media & TV18 Broadcast, Reliance Industries, DHFL, LIC Housing, Tata Communication, Axis Bank and Scial Logistics.
a) DCB Bank, Network18 Media & TV18 Broadcast: Private banker and media groups Network 18 stocks will be reacting to their respective Q3 numbers on Monday, January 16.
b) Reliance Industries, DHFL & LIC Housing Finance: The country’s biggest company in terms of profitability along with two major housing financiers DHFL & LIC will be reporting their Q3 earnings on Monday.
c)Tata Communications: BSNL, India’s leading telecom operator, has partnered with Tata Communications to deliver a high quality mobile experience and accelerate its subscribers usage of Wi-Fi internationally.
d) Axis Bank: The company has informed the BSE that the bank has reviewed and decided to reduce the MCLR of the bank by 65-70 basis points across tenors. The 1-year MCLR stands at 8.25 per cent after the review.
e) Sical Logistics: The company has informed BSE that it has received a Letter of Award dated January 12, 2017 and have accepted the same on January 13, 2017 for excavation of overburden at Jhingurdah OCP of Northern Coal Fields in Madhya Pradesh. The contract has to be executed over a period of 4 years and is valued at Rs 304.92 crore.
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