Overnight Digest: Stocks to look out for on March 7

The stocks that are likely to witness significant movement on the bourses on March 7 are SpiceJet, HDFC,  Maruti Suzuki, Mahindra & Mahindra and Tata Communications.

Housing Development Finance Corporation: HDFC has informed the exchange that record date for the purpose of Interim Dividend distribution is March 18, 2019. Shares will be watched.

SpiceJet: The airlines company has unveiled Hyderabad-Colombo service along with the launch of 11 other new direct flights on domestic routes from March 31 onwards.

Maruti Suzuki India: The company has reported an 8.30 per cent fall in its production to 148,959 vehicles in February 2019, as compared to 162,524 vehicles in February 2018. Of the total, the company manufactured 28,221 vehicles under mini segment (including Alto, Wagon R) in February 2019, as against 38,544 units manufactured in corresponding month the previous year. Also, the company launched two CNG variants of its newly launched hatchback WagonR priced at Rs. 4.84 lakh and Rs. 4.89 lakh. The shares could be in focus on Thursday.

Mahindra and Mahindra: M&M subsidiary, Automobili Pininfarina has launched Pininfarina Battista, the world’s first luxury electric hyper performance car. The shares could be in limelight.

Tata Communications: The company along with Syniverse is to create the first fully-managed, end-to-end IPX network interconnection partnership. It will offer operators better visibility, customer service and control of the data flowing across their interconnected networks. The stock could witness movement on the bourses.