Overnight Digest: Stocks to look out on August 28

The stocks to watch out on August 28 include Premier Explosives, Oberoi Realty, Dilip Buildcon, Allahabad Bank and Sinclairs Hotels & Resorts.

Premier Explosives Limited: The company inaugurated a new solid propellant plant at Katepally in Hyderabad.

Strides Pharma: The company’s step-down subsidiary Strides Pharma Inc. has received USFDA approval for its manufacturing facility located in Florida, US from Micelle BioPharma, Inc. 

Dilip Buildcon Limited: The company has received appointed date from National Highways Authority of India for 4-laning of Saoner-Dhapewada-Kalmeshwar-Gondkhairi NH-547E, in Maharashtra having a project cost of Rs. 480.06 crore.

Allahabad Bank: The bank announced that it will price its housing loans (up to Rs. 75 lakh and MUDRA loans) sanctioned with effect from September,1 with reference to the External Benchmark Linked Rates (EBLR). Borrowers will still have the option to choose Marginal Cost of Funds Based Lending Rates (MCLR).

Sinclairs Hotels Limited: The company has approved a dividend of Rs. 6 per equity share of Rs. 10 for the year ended March 2019, to be paid on or before September 26, 2019.