Overnight Digest: Stocks to watch on December 6

The stocks most likely to witness significant movement on the bourses on December 6 are SKF India, Dilip Buildcon, Tasty Dairy Specialities, The Indian Hume Pipe Co. and Lupin.

SKF India: The board has approved the buyback of equity shares having a face value of Rs. 10 each, not exceeding 1,900,000 shares at a price of Rs. 2,100 per share payable in cash for an aggregate amount of Rs. 3,990 million. The buyback will be made through the tender offer route. The stock will be monitored on Thursday.

Dilip Buildcon: The company is fined Rs. 33.78 crore by the Maharashtra authorities for allegedly excavating soft rock  illegally in the Beed district. The stock, which fell 2 per cent on the back of this news, is likely to witness some action in Thursday’s trading session.

Tasty Dairy Specialities: The stock gained over 3 per cent after the company signed MoU with Fountain Dutch Greenhouse Delta to help farmers double their income by making use of Dutch technologies and best agri and dairying inputs from Dutch companies. The stock will be watched on Thursday.

The Indian Hume Pipe Co.: The company received Letter of Acceptance for the work of Rs. 204.51 crore from Public Health & Municipal Engineering Department, Government of Andhra Pradesh for providing water supply distribution network, house service connections, AMR meters and SCADA including operation & maintenance  for 7 years including defect liability for 2 years. The stock is likely to witness movement in Thursday’s trading session.
 
Lupin : The company dipped around 3 per cent as the USFDA issued multiple observations for the company's Mandideep units. This could keep the stock in focus for the next trading session on Thursday.