Overnight Digest: Stocks to watch on December 28, 2018

The stocks that are most likely to witness significant movement on the bourses on December 28, 2018 are Selan Exploration Technology, Hindustan Construction Company, Man Industries (India), Infosys and Suven Life Sciences.

Selan Exploration Technology: The Board of Directors of SETL announced the buyback of equity shares for the aggregate amount of Rs. 25 crore. They also declared an interim dividend of Rs. 5 per equity share for FY2018-2019. The stock is likely to be in focus during Friday’s trading session.

Hindustan Construction Company: The Rights Issue Committee has approved the allotment of 49,75,65,318 Equity Shares at an issue price of Rs. 10 per equity share, including a premium of Rs. 9 per equity share. The stock will be monitored on Friday.

Man Industries (India): The exchange has sought clarification from the company regarding SEBI levying a fine of Rs. 10 crore on three promoters of the company. The stock is likely to be in action during Friday’s trading session.

Infosys: The company has replied to a clarification pertaining to the news of buyback of shares for US$ 1.6 billion. The stock will be watched on Friday.

Suven Life Sciences:  The company has announced on receiving product patents from Brazil and Eurasia for new chemical entity used to treat disorders with neurodegenerative diseases. The stocks are likely to be in focus on Friday.