Overnight Digest: Stocks to look out for on October 23

The stocks that are likely to witness significant movement on the bourses on October 23 are TV18 Broadcast Limited, Prakash Industries Limited, Mahindra Lifespace Developers Limited, Granules India Limited and Union Bank of India.

TV18 Broadcast Limited: The company informed the bourses that the credit rating agency CARE assigned a credit rating of CARE A+ to the company’s commercial paper programme, The stock will be watched on October 23.

Prakash Industries Limited: The company released its Q2FY18 results on Wednesday, reporting a 376 per cent rise in its PAT for Q2FY18 on a yearly basis. The stock will be watched on October 23.

Mahindra Lifespace Developers Limited: The company announced on Wednesday that Mahindra Lifespaces and HDFC Capital Affordable Real Estate Fund-1 (HDFC Capital) will establish a joint venture to develop affordable housing projects in India. The stock will be in focus on October 23.

Granules India Limited: The company announced on Wednesday that it received the approval from US FDA for ANDA filed by USpharma Windlas, LLC. The stock will be in focus on October 23.

Union Bank of India: The bank informed the exchanges that Dai-Ichi Life Holding Inc., Japan will be investing in Union Asset Management Company Private Ltd. through Compulsorily Convertible Preference Shares (CCPS). The stock will be in limelight on October 23.