Overnight Digest: Stocks to look out for on August 14

Shohini Nath
/ Categories: Trending, Markets

The stocks that are likely to witness significant movement on the bourses on August 14 are Cadila Healthcare, Sunteck Realty, Indian Oil Corp, Greaves Cotton and Eros International.
 

Cadila Healthcare : The company reported consolidated net profit at Rs 460.5 crore for Q1FY19 on account of robust sales as against the net profit of Rs 138.4 crore in the same quarter of the previous year. On another note, the company announced to the bourses  that it will acquire 51 per cent stake in Windlass Healthcare for Rs 155.55 crore. Both the news is most likely to keep the stock in focus on Tuesday.

 

Sunteck Realty : The company reported a nearly two-fold jump in its consolidated net profit to Rs 68.25 crore for Q1FY19 as against Rs 34.96 crore in the same quarter of the previous year. The company also reported 42 per cent rise in its sales booking to Rs 181.6 crore for the first quarter of this fiscal. The stock will be in focus post the results on Tuesday.

 

Indian Oil Corp : The company plans to invest Rs 20,000 crore in city gas distribution projects over the next 5 to 8 years. The news could put the stock in focus for Tuesday's trading session.
 

Greaves Cotton : The company reported revenue growth for Q1FY19 at 13 per cent to Rs. 458 crore as against Rs. 406 crore in the same quarter of the previous fiscal year. Post its results, the stock could be in focus on Tuesday.

 

Eros International : The company reported a 2.14 per cent rise in consolidated net profit at Rs 59.95 crore for the Q1FY19 as aginst a net profit of Rs 58.69 crore during the same period of the previous financial year. The stock will be watch in Tuesdays trading session.

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