Overnight Digest : Stocks to look out for on July 20
The stock that are most likely to witness a significant movement on the bourses on July 20 are, Infosys, DCM Shriram, Kotak Mahindra and Bajaj Finserv.
Infosys : IT major, Infosys Foundation today signed a Memorandum of Understanding (MoU) with the Bangalore Metro Rail Corporation Limited (BMRCL) for the construction of a station at Konappana Agrahara in the Electronics City. This will keep the stock in focus on Friday.
DCM Shriram Limited : The company has informed the bourses that Arcadia Biosciences, a US-based agricultural food ingredient company, and Shriram Bioseed, a leading research and hybrid seed development company, announced the achievement of a key milestone in developing extended shelf life (ESL) tomatoes. This will keep the share of the DCM Shriram in focus.
Kotak Mahindra: The bank's Q1 net profit was up 12.3% at Rs 1,025 crore in Q1 compared to Rs 912.73 crore YoY. The asset quality remained stable for the bank in the first quarter ended June 2018. The stock will be watched on Friday.
Bajaj Finserv : The total income in Q1 grew by 16 per cent to Rs 8,771 crore from Rs 7,536 crore a year ago. The company posted around 41 per cent (YoY) increase in its first quarter consolidated net profit at Rs 825.77 crore as against Rs 584.53 crore in the same period a year ago.