Overnight Digest: Stocks to watch out for on October 3, 2018

The stocks most likely to witness significant movement on the bourses on October 3, 2018 are Rane Holdings, Gayatri Projects, Bharat Electrinics, Tata Motors, Lupin, and IL&FS.

Rane Holdings: The company has increased its stake in the subsidiary company, causing the stock price to rise 7 per cent. The stock will be watched on Wednesday.

Gayatri Projects: The company has won orders worth Rs.549. crore, causing the share price to rise nearly 15 per cent. The contract pertains to add-on work to its existing work of Chintalapudi lift irrigation scheme. The stock is likely to be in the limelight in Wednesday’s trading session.

Bharat Electronics: The stock of the company gained nearly 5 per cent on favourable court order for sales tax demand. The stock will be monitored on Wednesday.

Tata Motors: The exceptional sales performance showing a growth of 20% YoY in the month of September resulted in an appreciation in the share price by 3 per cent. The stock will be monitored on Wednesday.

Lupin: Lupin has partnered with Eli Lilly to distribute diabetes injection Aplevant in the country. The stock will be monitored on Wednesday. 

IL&FS: The government has ordered a probe into the affairs of the company and its subsidiaries today. The debt-ridden company was paying dividends and substantial managerial pay-outs, despite being in the midst of a liquidity crisis. The stock is likely to be in action on Wednesday.