Overnight Digest: Stocks to look out for on August 24

The stocks that are likely to witness significant movement on the bourses on August 24 are Celestial Biolabs, Britannia Industries, Power Mech Projects, Tamil Nadu Petroproducts and Reliance Industries.

Celestial Biolabs: The company has launched two clinically validated nutraceuticals formulations of anti-arthritis and anti-diabetes based on active ingredients available from sea weed extracts. The company is further planning to add another sea weed based, clinically tested and patented formulations to treat thyroid. This stock could be in the limelight on Friday.

Britannia Industries: The company's board has approved sub-division of equity shares of the company from the existing face value of Rs 2 per equity share to the face value of Re 1 per equity share. The company also recorded its new high at Rs 6944.10. The stock could be in focus on Friday.

Power Mech Projects: The company has won orders worth Rs 70.32 crore for building, testing and commissioning of 220 MW (gas)/212 MW (HSD) based dual fuel combined cycle power plant at Bhola, Bangladesh. The stock will be in the limelight on Friday.

Tamil Nadu Petroproducts: Credit rating agency CARE has revised the Tamil Nadu Petroproducts' long term bank facilities rating from CARE BBB; Stable to CARE BBB +; Stable and long/short-term bank facilities from CARE BBB; Stable/CARE A3 to CARE BBB+;Stable/ CARE A3+. The stock will be watched on Friday.

Reliance Industries : Reliance Industries (RIL) has become the first Indian company to cross Rs 8 lakh crore market capitalisation. This will put the stock in focus on Friday.