Overnight Digest: Stocks to look out for on August 11

The stocks that are likely to witness significant movement on the bourses on August 11 are Swelect Energy Systems Limited / Shalimar Paints Limited / Coffee Day Enterprises Limited, Avanti Feeds / Allied Digital Services Limited / Alkem Laboratories, Manappuram Finance Limited, Heritage Foods Limited and Philips Carbon Black Limited. 
 
Swelect Energy Systems Limited / Shalimar Paints Limited / Coffee Day Enterprises Limited: These companies submitted to the exchange the financial results for the period ended June 30, 2017. These stocks will be watched on Friday.
 
Manappuram Finance Limited: The company informed the exchange that board of directors at its meeting held on August 10, 2017, declared Interim Dividend of Rs. 0.50 per equity share. The company will be in focus on August 11.

Philips Carbon Black Limited: The company announced its Q1 FY18 results post market hours on August 10, the company posted a 33 per cent increase in sales, 150 per cent rise in PBT, 407 per cent increase in PAT and a 406 per cent increase in its EPS on a year-on-year basis. The stock will be in focus on Friday, August 11.     
 
Heritage Foods Limited: The company informed the exchange that the Board of Directors at its meeting held on August 10, 2017, has considered and approved subdivision of 1 equity shares of Rs. 10 each into 2 equity shares of Rs. 5 each. The company will be in focus on Friday. 
 
Avanti Feeds/ Allied Digital Services Limited / Alkem Laboratories: The following companies will announce their results for the first quarter of FY18 on August 11. Thus these stocks will in focus on Friday, August 11.