Overnight digest: Stocks to keep on radar for September 1

For the second consecutive session, the equity benchmark indices rose to record-high levels. Sensex has touched the 57,000 mark, experiencing a bull run whereas Nifty ended above the 17,000 level on August 31. The positive momentum was supported by the IT, power, healthcare, and metal stocks. All the sectoral indices settled in green whereas BSE Midcap and Smallcap indices in the broader markets were up by over 0.5 per cent each.  

The following stocks will be in focus on Wednesday -  

Bharti Airtel: The company has received interest from high-quality investors and companies for its various businesses. It evaluates opportunities for potential investor engagements. The stock hit its 52-week high price today. It is likely to be again in focus for Wednesday's trading session.  

SRF Limited: The board of the company has approved the bonus issue of equity shares in the proportion of four equity shares for every one equity share held by the shareholders of the company as on the record date. The stock zoomed up to 6 per cent in Tuesday's trading session. Keep a close watch on this stock on Wednesday.  

Kotak Mahindra Bank: The bank announced that it will sell 20 crore shares held in Airtel Payments Bank (APBL) to Bharti Enterprises Ltd for a cash consideration of Rs 294 crore. It is likely to be on investors' radar on Wednesday. 

Shilpa Medicare: The company has received DCG (i) approval for 2-Deoxy-2-Glucose (bulk & oral powder). The bulk has been manufactured by Shilpa Medicare, API facility in Raichur (Karnataka). It is likely to be in focus on Wednesday. 

Eicher Motors: Outperforming BSE Auto index, the company's share gained 5.03 per cent in Tuesday's trading session. It formed a long green candle in comparison to the red candle formed in the previous trading session. The stock has closed above its 20 and 30-day moving averages in Tuesday's trading session and is likely to be on investors' radar on Wednesday.