Overnight Digest: Stocks to watch on January 2, 2019

The stocks most likely to witness movement on the bourses on January 2, 2019 are Atul Auto, Jet Airways, Mahindra & Mahindra, Weizmann Forex and Karnataka Bank.

Atul Auto: The company reported excellent December 2018 sales growth of 50 per cent as a result of which the stock hit an upper circuit limit of 20 per cent during Tuesday’s trading session. The stock is likely to be in focus on Wednesday.

Jet Airways: The shares of the company surged 2.4 per cent due to a 1 per cent cut in jet fuel price. The stock will be watched on Wednesday.

Mahindra & Mahindra: The company reported subdued December sales numbers on account of tight liquidity and poor buying sentiment. The total vehicle sales of the company rose 1 per cent, while domestic sales were down 1 per cent YoY. Passenger vehicle sales dropped 3 per cent, while commercial vehicle sales plummeted 4 per cent. The stock is likely to be in action during Wednesday’s trading session.

Weizmann Forex: An open offer has been made to the shareholders of Weizmann Forex Limited (WFL) for the acquisition of upto 27,99,350 fully paid-up equity shares with a face value of Rs. 10 each at a price of Rs. 528 per share. The stock is likely to witness movement during Wednesday’s trading session.

Karnataka Bank: The company has revised its MCLRs for various tenors. The one-year MCLR was revised to 9.10 per cent from 8.95 per cent. The stock will be monitored on Wednesday.