Overnight Digest- Stocks to look out for on February 28

The stocks which could witness significant movement on February 28 are ONGC/HPCL, DEN Networks, Transformers and Rectifiers (India), State Bank of India/Punjab National Bank/Bank of Baroda, Coal India.

ONGC/HPCL: ONGC may acquire HPCL in USD 6.6 billion deal. The share prices of these companies to remain in prime focus on Tuesday.

DEN Networks: DEN Networks has launched DEN TV+, OTT services for its subscribers. The share price of the company is to be watched out on Tuesday.

Transformers and Rectifiers (India): Transformers and Rectifiers (India) has won order worth Rs 153 crore from Gujarat Energy Transmission Corporation (GETCO). The share price of the company will remain in focus on February 28.

State Bank of India/Punjab National Bank/Bank of Baroda: State Bank of India, Punjab National Bank, Bank of Baroda will be watched out on Tuesday as public sector banks’ staff to go on strike on highlighting issues of NPAs.

Coal India: Coal India’s wholly-owned subsidiary South Eastern Coalfields has approved the buyback of 150443 fully paid equity shares of face value of Rs 1000 each.  The share price of the company will remain in limelight on February 28.