Overnight Digest: Stocks to look out for on April 4

The stocks that are likely to witness significant movement on the bourses on April 4 are Cadila Healthcare, Graphite India, HDFC Bank, J&K Tyre and Ashok Leyland.

Cadila Healthcare: USFDA has concluded inspection at Cadila Healthcare’s manufacturing facility located at Pharmez in Ahmedabad with one observation.

Graphite India: The company has decided to permanently close operations at their Bengaluru plant. Barring unforeseen circumstances, the company does not expect any material impact on its production capacity.

HDFC Bank: The bank has unveiled a product under the name Chhupa Rustom which will prevent banking frauds.

JK Tyre and Industries: The company has raised funds worth Rs. 200 crore through issue of equity shares on a preferential basis to its promoter group.

Ashok Leyland: The company is in the process of developing a new modular platform on which it plans to roll out its future medium and heavy products from next year onwards.