Overnight Digest: Stocks to look out on August 21

The stocks to watch out on August 21 include NIIT, Himachal Futuristic Communications, TVS Srichakra, Britannia Industries, SBI and Cipla.

NIIT Limited: NIIT collaborates with Automation Anywhere which is a global leader in robotic process automation (RPA) for delivering comprehensive RPA workshops to developers, students and IT professionals pan India.

Himachal Futuristic Communications Ltd. (HFCL): The company received purchase order of Rs. 2,467 crore from Bharat Sanchar Nigam Limited (BSNL) to create communication network on Turnkey Basis for Indian Army under the Network for Spectrum (NFS) Programme by Government of India.

TVS Srichakra Limited: Two and three-wheeler tyre manufacturer launched new brand TVS Eurogrip.

Britannia Industries: The company reported poor Q1FY20 results and domestic volume growth has dropped to 3 per cent which is the lowest in the past eight quarters.

State Bank of India (SBI): The bank has launched products offering cheaper rates for home and auto loan borrowers. The products also have added benefits such as waiver in processing fees, pre-approved digital loans and loans with no escalation in interest rates for consumers.

Cipla: The company received approval from shareholders’ to raise Rs. 3,000 crore by issuing equity shares or other securities convertible into equity shares.