Overnight Digest- Stocks to look out for on March 23
DSIJ Intelligence / 22 Mar 2017
The stocks which are expected to witness significant movement on March 23 are IFCI, Indian Overseas Bank, ABG Shipyard, Hindustan Zinc, Axis Bank/ITC/Larsen & Toubro, Divi's Laboratories.
The stocks which are expected to witness significant movement on March 23 are IFCI, Indian Overseas Bank, ABG Shipyard, Hindustan Zinc, Axis Bank/ITC/Larsen & Toubro, Divi's Laboratories.
IFCI: IFCI may sell its stake in lender TFCI, which is worrying tourism industry. The share price of the company will be in focus on Thursday.
Indian Overseas Bank: Indian Overseas Bank has received a communication from Ministry of Finance regarding capital allocation of Rs 1100 crore to tackle bad loans. The share price of the company will be watched on March 23.
ABG Shipyard: The company's auditor has raised concerns on recovery of ABG Shipyard's receivables. The share price of the company will be in focus on Thursday.
Hindustan Zinc: The board of directors of Hindustan Zinc has approved special interim dividend of 1375 per cent i.e. Rs 27.50 per share for FY17.
Axis Bank/ITC/Larsen & Toubro: The government is likely to sell shares of Axis Bank, ITC and L&T in ETF. The share prices of these companies will remain in the limelight on Thursday.
Divi's Laboratories: The USFDA has banned Divi's Laboratories' Visakhapatnam plant. The share price of the company will be in focus on March 23.
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