Overnight Digest: Stocks to look out on August 22

Post SEBI board meet, the stocks to watch out on August 22 inlcude Cadila, V-Mart, P&G Hygiene and Health Care, Reliance Nippon Life asset Management and HDIL.

Cadila Healthcare Limited: Zydus Cadila received final approval from USFDA for marketing Ranolazine Extended-Release Tablets (US RLD-Ranexa), 500 mg and 1.000 mg.

V-Mart Retail Limited: The company opened three new stores in the states of Nagaland, Jharkhand and Rajasthan respectively.

Procter & Gamble Hygiene and Health Care Limited: For the company's financial year ended June 30, 2019, it recommended a final dividend of Rs. 48 per equity share with a nominal value of Rs. 10.

Reliance Nippon Life asset Management: Nippon Life Insurance increased its stake in Reliance Nippon Life Asset Management (RNAM) to 54 percent.

Housing Development & Infrastructure Limited (HDIL): The stock of the company fell by 19.96 per cent intra-day after being admitted under provisions of insolvency bankruptcy code passed by National Company Law Tribunal (NCLT) after an application filed by Bank of India.