Overnight Digest- Stocks to look out for on June 12

The stocks which are expected to witness significant movement on May 5 are State Bank of India, Tata Motors, HPCL, Reliance Industries Ltd and Mahanagar Telephone Nigam Ltd.
 
State Bank of India: State Bank of India announced on June 9 that it will reduce rates for home loan above Rs 75 lakh with effect from June 15. The share price of the banbk will be in focus on June 12.
 
Tata Motors: Tata Motors announced on June 9 that it has resolved its long term wage settlement issue between the Tata Motors Sanand Union and Tata Motors. The signed agreement will be applicable for a period of 5 years with effect from October 2015. The share price of the company will remain in the limelight on Monday.

HPCL: HPCL has bagged environment clearance for its Rs 230 crore pipeline expansion project on June 9. The share price of the company will be in focus on Monday, June 12.

Reliance Industries Ltd: RIL has informed the BSE in a filing that it has become the second largest producer of paraxylene (PX) globally. Paraxylene is an important chemical feedstock and is also used as a raw material in the large scale synthesis of several polymers. The share price of the company will remain in the limelight on Monday.

Mahanagar Telephone Nigam Ltd: MTNL clarified in a filling on NSE that the company is considering the proposal of asset monetisation for the purpose of debt reduction. The share price of the company will be watched on June 12.