Overnight Digest: Stocks to watch on December 7, 2019

The stocks most likely to witness significant movement on the bourses on December 7, 2019 are Repco Home Finance, Sonata Software, MindTree, ICICI Bank and Bank of Maharashtra.

Repco Home Finance: The company has entered into a corporate agency agreement with Kotak Mahindra General Insurance Company in order to distribute its insurance products. The stock is likely to witness movement in Monday’s trading session.

Sonata Software: The company completed the acquisition of Scalable Data Systems Pty Ltd. The stock will be watched on Monday.

MindTree: Most IT stocks plummeted on Friday after the Indian rupee rose 25 paise against the US dollar. The stock of Mindtree was down 3.37 per cent in Friday’s trading session and will be watched again on Monday.

ICICI Bank: The stock gained in Friday’s trading session based on the news of receiving payment from Essar Oil-Rosneft Deal. The stock will be observed on Monday.

Bank of Maharashtra: The Board approved an increased in the authorised capital of the Bank to Rs. 10,000 crore from Rs. 4,000 crore. Moreover, the Board also approved the proposal of raising equity capital of nearly Rs. 4,498 by way of issue of equity shares to the Government of India through preferential issue. The stock is likely to be in focus during Monday’s trading session.