Overnight Digest: Stocks to look out on February 20

The stocks that are likely to witness significant movement on the bourses on February 20 are Tata Motors, Maharashtra Seamless, Essel Propack, Wipro and L&T. 

Tata Motors: The credit rating agency CARE has revised the rating of Tata Motors’ long term bank facilities and non-convertible debentures (NCDs) from AA+ (Outlook stable) to AA (Outlook stable). The company's shares could be in focus. 


Maharashtra Seamless: The company has made payment of Rs 477 crore for acquisition of United Seamless Tubulaar (USTPL) under the Corporate Insolvency Resolution Process (CIRP) as approved by Hyderabad bench of National Company Law Tribunal (NCLT). The shares will be watched. 


Essel Propack: The company has received Rs 40 crore towards repayment of outstanding dues of inter-corporate deposit. The company has already received Rs 25.30 crore in the previous month. The balance amount is expected to be received by March 2019. The shares could be in focus in the next trading session. 


Wipro: The company has been positioned as a 'leading player' in 'Zinnov Zones for Digital Services in Retail - 2018' study. The shares of the company would be watched on Wednesday. 


L&T: The engineering and construction firm Larsen & Toubro (L&T) announced that one of its units has secured a contract worth over Rs 70 billion for design and building of a major airport on EPC basis. The shares of the company could be in focus.