Overnight Digest: Stocks to look out for on October 24

The stocks that are likely to witness significant movement on the bourses on October 24 are Reliance Communications Limited, Indiabulls Housing Finance Limited, Indusind Bank Limited, Cochin Shipyard Limited and Can Fin Homes Limited. 

Reliance Communications Limited: The company announced on Monday that RCOM has received the final approval from DOT for demerger of wirelessBusiness of Sistema Shyam Teleservices Limited into RCOM. The stock will be in limelight on October 24.

Indiabulls Housing Finance Limited: The company announced its financial results for the second quarter of FY18, posting a 25.8 per cent hike in its profit after tax. The stock will be in focus on October 24. 

Indusind Bank Limited: The banking major launched a Cobrand App with MobiKwik on Monday, as informed to the bourses. The stock will be watched on October 24.

Cochin Shipyard Limited: The shipping major received the approval from the government to form a Joint Venture Company between Cochin Shipyard Ltd and Hooghly Dock & Port Engineers Limited for upgradation and modernization of shipbuilding infrastructure at the two shipyard sites of Salkia and Nazirgunge in Kolkata. The stock will be in limelight on October 24.

Can Fin Homes Limited: The company will be announcing its financial results for the second quarter of FY18 on October 24. The stock will be watched on Tuesday.