Overnight Digest: Stocks to look out for on October 5

The stocks that are likely to witness significant movement on the bourses on October 5 are ONGC Videsh Limited, Hinduja Global Solutions Limited, Bharat Heavy Electricals Limited, Simplex Infrastructures /Future Consumer Limited / DFM Foods Limited and Pratap Snacks.

ONGC Videsh Limited: The Indian oil major ONGC’s wholly-owned subsidiary ONGC Videsh has completed the acquisition of 30 per cent participating interest (PI) in Petroleum Exploration License 0037 offshore Namibia. The stock is likely to be in focus on Thursday. 
 
Hinduja Global Solutions Limited: Hinduja Global Solutions informed the bourses on Wednesday that the company has launched a GST Compliance Services as its new business offering. The stock will be watched on Thursday.

Bharat Heavy Electricals Limited: BHEL announced on Wednesday that the company paid a Dividend of 79% for the fiscal year 2016-17, marking the highest dividend in a period of last three years. The stock will be in limelight on Thursday.  

Simplex Infrastructures /Future Consumer Limited / DFM Foods Limited: The companies informed their exchanges about the upgradation of their credit rating. Simplex Infrastructures, Future Consumer and DFM Foods Limited received a credit rating of CARE A for all their services. The stocks will be watched on Thursday.

Pratap Snacks: The company will make its stock market debut on Thursday. It witnessed an oversubscription by 47.39 times. The stock will be in focus on Thursday.