Overnight Digest: Stocks to look out for on July 18

The stocks which are expected to witness significant movement on July 18 are Jagran Prakashan Limited, ACC, Indian Metals & Ferro Alloys Limited, Shriram Transport Finance Company and Bajaj Hindusthan Sugar.    

Jagran Prakashan Limited: Print and publishing major Jagran Prakashan Limited informed the exchange regarding striking off defunct subsidiary company, Nai Dunia Media Limited on July 17. The stock price will be in the limelight on July 18.
 
ACC: The company announced enhanced profits for Q2, surpassing expectations. The profit increased by 33 per cent and operating income grew by 38 per cent. The stock will be in focus on July 18.  
 
Indian Metals & Ferro Alloys Limited: The company announced its financial results for Q1 FY18 and reported a continued growth momentum on July 17. The stock will be watched on Tuesday.
 
Shriram Transport Finance Company: The company announced that the allotment committee (NCDs) of the company approved and allotted 3000 secured redeemable rated listed NCD worth R 300 crore on a private placement basis. The stock price of the company will be watched on July 18.  
 
Bajaj Hindusthan Sugar: The company informed the exchanges that Credit Analysis & Research Limited (CARE Ratings) revised the company’s rating from Double B plus to CARE D for long term bank facilities, whereas, the short term bank facilities’ rating was also revised from A Four plus to CARE D. The stock will be in focus on July 18.