Overnight Digest: Stocks to look out for on March 12

The stocks that are likely to witness significant movement on the bourses on March 12 are, Laurus Labs, NBCC, CES, Sundaram Clayton and Symphony.

Laurus Labs: The company has received a final approval from the USFDA for Hydroxychloroquine Tablets 200 mg. The shares will be watched.

NBCC: The company has secured works order of Rs. 700 crore from Raipur Smart City for multiple infrastructure projects. The company has secured orders for Commercial Redevelopment of Ganj Mandi, Shastri Market, Naveen Market and Commercial development of two vacant land at Raipur. The shares would witness some significant movement on the bourses.

CES: The company has completed the process of acquisition of 37 per cent stake in its subsidiary, CES Technology Services. This could put the stock in focus.

Sundaram Clayton: the board has declared second interim dividend, for the financial year ending March 31, 2019, at the rate of Rs.16 per share on 2,02,32,085 equity shares of Rs. 5 each fully paid up. This is likely to keep the stock in focus.

Symphony: The company is reportedly set to distribute large portable air-coolers for commercial spaces throughout the country after the company had initially undertaken a soft launch of the product in Delhi. The stock will be watched.