Overnight Digest: Stocks to look out for on August 30

The stocks that are likely to witness significant movement on the bourses on August 30 are JSW Steels, Tata Power, Jain Irrigation, Wipro and Adani Enterprises.
 

JSW Steels : The company will be added in the benchmark Nifty 50 index and it will replace pharma company Lupin from September 28, 2018. JSW Steel hit its 52-week high at Rs. 405.40. This could keep the stock in buzz on Thursday.

Tata Power : Tata Power announced that its JV Resurgent Power Ventures has got letter of intent (LoI) from the lenders of Prayagraj Power Generation Company (PPGCL) for the acquisition of 75.01 per cent stake in the company. PPGCL is a 3X660 MW coal-based power project in Uttar Pradesh. The shares of Tata Power will be watched on Thursday.

Jain Irrigation : Jain Irrigation Systems (JISL) announced on receiving a contract worth Rs 127 crore from the Rwandan government for developing irrigation and watershed facilities.The stock could be in focus in Thursday's trading session.

Wipro : Wipro today said that it has bagged a multi-year business process services engagement from Denmark-based Falck. The financial details were not yet disclosed. This development is likely to keep the stocks in focus on Thursday.

Adani Enterprises : The company hit its 52-week high at Rs 236 against a previous high of Rs. 223. The stock likely to be in focus on Thursday.