Overnight Digest: Stocks to look out on February 28

The stocks that are likely to witness significant movement on the bourses on February 28 are ARSS Infrastructure, Syndicate Bank, Dilip Buildcon, Pennar Engineering Building Systems and Hindustan Petroleum. 

ARSS Infrastructure Projects: Company's JV NPCC - ARSS has won a work order of Rs. 429.00 crore awarded by National Highways & Infrastructure Development Corporation. The shares will be watched.

Syndicate Bank: The bank has received approval for issuance and allotment of requisite equity shares through preferential allotment to the Government of India against the amount of Rs. 1,603 crore received from Government of India on preferential basis.

Dilip Buildcon: Company’s wholly-owned subsidiary, DBL Sangli Borgaon Highways has received the financial closure letter dated February 25, 2019 from NHAI for a four laning project in Sangli, Maharashtra on Hybrid Annuity Mode. The shares of the company could react to the announcement on Thursday. 

Pennar Engineering Building Systems: A division of the company sees big opportunities in engineering design outsourcing services. Pennar's engineering services outsourcing has made inroads in the US market and has undertaken significant work for multiple clients. The shares could be in focus. 

Hindustan Petroleum Corporation: The company has won a license to retail CNG to automobiles and piped natural gas to households in nine cities in Uttar Pradesh and West Bengal. The shares of the company will be in limelight on Thursday.