Overnight Digest: Stocks to look out for on July 11

The stocks that are likely to witness significant movement on the bourses on Wednesday, July 11, are Tata Consultancy Services, IndusInd Bank , Punjab National Bank , Kridhan Infra Limited and Bank Of Baroda.

Tata Consultancy Service : On Tuesday, India's largest company in terms of market cap, TCS reported a 23.46 per cent YoY growth in profits for June quarter at Rs. 7340 crore from Rs. 5,945 crore profit for the same quarter in the previous year.

IndusInd Bank : The bank has reported a net profit of Rs. 1,035 crore for the first quarter of financial year 2019 representing 23 per cent rise from Rs. 836.5 crore in Q1FY18. This will keep the stock in focus on Wednesday.

Punjab National Bank : Punjab National Bank and Quality Investment Holding is planning to divest the stake in PNB Housing Finance Limited to potential acquirers. This will keep the share of PNB in focus.

Kridhan Infra Limited : The company has informed the exchanges that its associate company Vijay Nirman Company Private Limited (VNC) has bagged new orders worth Rs. 74.2 crores. The stock will be watched on Wednesday.

Bank Of Baroda : The bank has decided to enter into a joint venture with South Korea's KB Financial Group for financing the needs of South Korean firms operating in India. The stock will be watched on Wednesday.