Overnight Digest: Stocks to look out for on August 10
The stocks that are likely to witness significant movement on the bourses on August 10 are TV Today Network, Vikas WSP, Bharat Forge, HSIL Limited and City Union Bank.
TV Today Network: The company reported a 96.87 per cent jump in standalone net profit at Rs 40.99 crore for the quarter ended June 30, 2018 versus a net profit of Rs 20.82 crore during the same period of the previous fiscal. The result will keep the stock in focus on Friday.
Vikas WSP: The company has received orders for an aggregate sum of Rs. 219.36 crore for the newly developed Guar Gum Thermogel-30 and DP-100 for yoghurt, dairy, milk and healthcare applications from its MNC clients including domestic Herbalife. The stock will be watched in Friday's trading session.
Bharat Forge: Auto components major posted a 34 per cent increase in its net profit at Rs. 234.45 crore for the first quarter ended June 30 versus a net profit of Rs. 175.07 crore in the same period of the previous fiscal. Stock shall be watched on Friday.
HSIL Limited: The company started Commercial Production of first phase of CPVC, lJPVC, SWR and PVC Pipes and Fittings plant situated at HSTL Limited, in Telangana. This could keep the stock in limelight on Friday.
City Union Bank: The private sector bank has recorded a 15.1 per cent rise in its net profits for Q1FY18 to Rs. 161.65 crore versus net profits of Rs. 140.33 crore during the corresponding period of the previous year. This could keep the stock in focus on Friday.