Overnight Digest- Stocks to look out for on November 21
The stocks which could witness significant movement on November 21 are Bharat Forge, NTPC, ABB, Alembic Pharmaceuticals and Shobha Developers/Siyaram Silk/National Aluminium/ India Cements.
Bharat Forge :- Bharat Forge Ltd., has informed BSE that, members of Finance & Risk Management Committee of the Company in its meeting held and concluded on November 18, 2016, have accorded their approval for acquisition of Walker Forge Tennessee LLC, USA along with PMT Holding Inc., USA through its wholly owned subsidiary Bharat Forge America Inc., USA for a total consideration of USD 14 million. This acquisition shall consummate on completion of certain conditions precedent as set forth in the Equity Purchase Agreement.
NTPC:-With reference to the earlier letter dated November 09, 2016, NTPC Ltd., has now informed BSE that Delhi Pollution Control Committee (DPCC) has further directed NTPC to keep all units of Badarpur Thermal Power Station (BTPS) closed till January 31, 2017.
ABB:-ABB India Ltd., has informed BSE regarding a press release dated November 18, 2016 titled "ABB India and IIT Madras collaborate to develop multi village microgrid models to enable access to reliable electricity in remote areas".
Alembic Pharmaceuticals:- Alembic Pharmaceuticals Ltd., has informed BSE regarding a press release dated November 18, 2016, title "Alembic Pharmaceuticals receives USFDA Approval for Telmisartan and Amlodipine Tablets".
Shobha Developers/Siyaram Silk/National Aluminium/ India Cements :- These companies will be coming up with quarterly results tomorrow.