Overnight Digest: Stocks to look out on March 1

The stocks that are likely to witness significant movement on the bourses on March 1 are REC, Indian Oil Corporation, Lupin, Ceat and Kotak Mahindra Bank


Rural Electrification Corporation: The company has received an approval to launch Capital Gains Tax Exemption Bonds for raising of funds on private placement basis for an amount of Rs. 2,500 crore with green shoe option to retain over subscription. The stock could witness some significant movement.


Indian Oil Corporation: The company has entered into an MoU with Inland Waterways Authority of India (IWAI). The MoU will provide an understanding over general modalities of mutual cooperation leading to addressing futuristic demand of any form of energy for Inland Waterways and associated services. The shares of the company would be in focus.


Lupin: The pharma company has received approval for its Azacitidine for Injection, 100 mg Single-Dose Vial from the USFDA to market a generic version of Celgene Corporation’s Vidaza. Shares would be in limelight.


Ceat Limited: The company has launched its new Gripp X3 tyres in India. CEAT has devised these tyres with its new Dual Compound Technology (DCT) which gives it strong grip. The shares will be watched.


Kotak Mahindra Bank: The bank has revised the marginal cost of funds based lending rate (MCLR) downwards by up to 5 basis points  with effect from March 01, 2019 for various tenors. The shares are ikely to react on Friday, March 1.