Overnight Digest: Stocks to look out on August 8

The stocks that are likely to witness significant movement on the bourses on August 8 are Wipro, Cipla, Mphasis, J Kumar Infraprojects and Adani Ports.

Wipro: Aeroports de Montreal (ADM) selects Wipro as IT and business transformation partner. This partnership will transform ADM's airport operations through Wipro's integrated service, delivery model, airport domain expertise and hyper-automation.

Cipla: The company has signed definitive agreement to acquire the minority stake of Eight Roads Investment Mauritius II in its subsidiary, Cipla Health. The transaction is expected to be completed within a month.

Mphasis: Company has signed a multi-year deal with The Ardonagh Group, the UK's largest independent insurance intermediary with global reach. The scope of the service provision includes management of hybrid cloud infrastructure, network services, service desk, desktop engineering and security services.

J Kumar Infraprojects: Company has received Letter of Acceptance (LoA) from National Highways Authority for construction of Dwarka Expressway from Road Under Bridge (RUB) near Sector 21, Dwarka to Delhi Haryana border(Km 5.300 to Km 9.500)- Package 2 in Delhi on EPC Mode amounting to Rs. 1,540 crore.

Adani Ports and Special Economic Zone (APSEZ): On a consolidated basis, the company has reported a rise of 47.50 per cent in its net profit at Rs. 1,028.69 crore for Q1FY20 as compared to Rs. 697.40 crore for the same quarter in the previous year. Total income of the company increased by 18.98 per cent at Rs. 3,216.92 crore for Q1FY20 as compared Rs 2,703.86 crore for the corresponding quarter previous year.