Overnight Digest: Stocks to look out for on February 7

The stocks that are likely to witness significant movement on the bourses on February 7 are Alkem Laboratories, Sukhjit Starch & Chemicals, Som Distilleries, Fairchem Specialty and Zydus Wellness. 

Alkem Laboratories: US Food and Drug Administration (USFDA) has conducted an inspection at Alkem Laboratories’ manufacturing facility located at St Louis, US, from January 14, 2019 to February 5, 2019. At the end of the inspection, the company has received Form 483 with eight observations. The stock could be in focus. 

Sukhjit Starch & Chemicals: The company informed the bourses that its board is considering issuance of Bonus Shares in the ratio 1:1 and declaration of Interim Dividend of Rs 7.5 per equity share of face value of Rs 10 each, for the financial year 2018-19. This would most probably keep the stocks in the limelight. 

Som Distilleries & Breweries: The company has got an approval for supply to canteen stores department for the state of Karnataka. The products would be manufactured in subsidiary's Wood Pecker Distilleries & Breweries, at their Hassan facility. Hence, the stocks will be watched on Thursday. 

Fairchem Speciality: The company has decided to incorporate wholly owned subsidiary company as ‘Public Limited Company’ and to make initial investment up to Rs 1,00,000 by way of subscription to Equity Share Capital of the said proposed subsidiary company. The stocks would be watched. 

Zydus Wellness: The company has informed about Unaudited Financial Results which would likely put the stocks of the company in focus on Thursday.