Overnight Digest: Stocks to look out on August 14
The stocks to watch out on August 14 include Manappuram Finance Limited, Sun Pharma, YES Bank, Container Corporation and Reliance Industries.
Manappuram Finance Limited: In Q1FY20, the company’s net sales on a consolidated basis grew by 25 per cent YoY to Rs. 1,14,398.40 lakhs. Net profit expanded by 36.12 per cent YoY to Rs. 27,222.76 lakhs.
Sun Pharmaceutical: Sun Pharma posted a rise of 16 per cent YoY in net sales for Q1FY20 to Rs. 8,259 crore. Net profit grew by 16.8 per cent YoY to Rs. 1,387 crore in Q1FY20.
YES Bank: The stock of the company dipped by more than 10 per cent today after reports suggested rise in the bank's bad loans, so the share will be watched tomorrow.
Container Corporation of India (CONCOR): CONCOR joins hand with Indian Railways for the commencement of container train operations from Suranussi near Jalandhar.
Reliance Industries (RIL): RIL was up by 10 per cent in today's trading session, the investors should lookout for the stock tomorrow.