Overnight Digest: Stocks to look out for on March 11

The stocks that are likely to witness significant movement on the bourses on March 11 are NHPC, Nila Infrastructure, UCO Bank, NTPC and Oil India

NHPC: The company has been appointed by PFC Consultancy as ‘Aggregator’ under Pilot Scheme-II for procurement of aggregated power of 2,500 MW for three years to facilitate procurement and supply of power. The shares will be watched.

Nila Infrastructures: The company has received two orders pertaining to EPC contract, totalling Rs 655.6 million from Ahmedabad Urban Development Authority. Shares would be in focus.

UCO Bank: The RBI has imposed a penalty of Rs 3 crore on UCO Bank. The penalty is for non-compliance of RBI directives on time-bound implementation and strengthening of SWIFT-related operational controls. The shares would be watched.

NTPC: The company has fixed Wednesday, March 20, 2019 as the record date for the purpose of ascertaining the eligibility of shareholders entitled for issuance of Bonus Shares of the Company in the ratio of 1:5 i.e. 1 equity share of Rs 10 each for every 5 existing equity share of Rs 10 each. Shares could witness some significant movement on the bourses.

Oil India: The company has been awarded two blocks in Discovered Small Field (DSF) Bid Round - II. The company has won the first block for the onshore contract in the state of Tripura and second block for the contract in the Krishna Godavari basin. Shares would be in limelight.