Overnight Digest: Stocks to watch out for on November 14
The stocks most likely to witness significant movement on the bourses on November 14 include Reliance Infrastructure, Eicher Motors, Ashok Leyland, Kamdhenu Limited and Mayur Uniquoters.
Reliance Infrastructure: The stock gained 4 per cent after the company won an arbitration award worth Rs. 16.14 crore against NHAI. The stock is likely to be in action on Wednesday.
Eicher Motors: Shares of the company rose 6 per cent after the strike organized by the workforce of Royal Enfield was called-off at Oragadam facility. The stock will be monitored during Wednesday's trading session.
Ashok Leyland: The company reported its financials for the quarter ended September, 2018, showcasing a 24.17 per cent increase in profit to Rs. 459.57 crore in Q2FY19 from Rs. 370.10 crore in Q1FY19. The stock will be watched on Wednesday.
Kamdhenu: The company produced a strong performance in H1FY19, registering revenue growth of 47 per cent to Rs. 732 crore and reporting a growth of 89 per cent in profit after tax at Rs. 11 crore. The stock is likely to be in the limelight in Wednesday’s trading session.
Mayur Uniquoters: The company declared a second interim dividend of Rs. 0.50 per equity share (10 per cent) for the FY 2017-2018. The record date for the same is November, 23. The stock will be monitored on Wednesday.