Overnight Digest: Stocks to look out for on July 17

The stocks which are expected to witness significant movements on July 17 are Hexaware Technologies Limited, NMDC, Cadila Healthcare Limited, Glenmark Pharmaceuticals and Adhunik Metaliks Limited.

Hexaware Technologies Limited: The National Company Law Tribunal has approved the amalgamation plan of Risk Technology International Limited with Hexaware Technologies Limited. The stock prices will remain in focus on July 17.
 
NMDC: The company informed the exchange that NMDC’s steel plant at Chattisgarh will also be subjected to strategic disinvestment plan of the Department of Investment and Public Asset Management. The share price of the company will remain in the limelight on Monday.
 
Cadila Healthcare Limited: The company informed the exchanges that the it has received a tentative approval from the USFDA for Fingolimod capsules used for treatment of multiple sclerosis. The capsule is estimated to have sales worth USD 2.1 billion. The share price of the company will be in focus on Monday.
 
Glenmark Pharmaceuticals: The pharma major informed the exchanges that its ratings by Fitch rating agency has been reaffirmed. In its annual rating review, Fitch reconfirmed the ‘BB’ rating of Glenmark Pharmaceuticals, besides revising its outlook from ‘Positive’ to ‘Stable’. The share price of the company will be watched on July 17.
 
Adhunik Metaliks Limited: The company informed the exchanges that the lenders have initiated the corporate insolvency resolution process on July 11, 2017 and filed documents with National Company Law Tribunal, Kolkata, for the company under the Insolvency and Bankruptcy Code, 2016. The company’s share prices will be watched on July 17.