Overnight Digest: Stocks to watch on January 28, 2019

The stocks most likely to witness significant movement on the bourses on January 28, 2019 are Saregama India, Sundaram-Clayton, Larsen & Toubro, Maruti Suzuki India and Sambhaav Media.

Saregama India: The company’s standalone profit for the quarter ended December 31, 2018 surged 844.61 per cent to Rs. 12.28 crore from Rs. 1.30 crore. The stock is likely to be in focus during Monday’s trading session.

Sundaram-Clayton: The Board declared an interim dividend at the rate of Rs. 20 per share (400 per cent) on 2,02,32,085 equity shares of Rs. 5 each fully paid up, absorbing a sum of Rs. 40.46 crore. The company reported standalone PAT growth of 5,083.50 per cent to Rs. 50.28 in Q3FY19 from Rs. 0.97 crore in Q3FY18. The stock is likely to witness movement on Monday.

Larsen & Toubro: The company reported standalone PAT growth of 33.78 per cent, by producing PAT of Rs. 1,634.78 crore in Q3FY19 in comparison to Rs. 1,221.95 crore in Q3FY18. The stock will be watched on Monday.

Maruti Suzuki India: The company reported a drop of 17.21 per cent in PAT which was reported at Rs. 1,489.3 crore in Q3FY19 as against Rs. 1,799.0 crore in Q3FY18. The Q3 margins are at their 5 year low mark. The stock will be monitored on Monday.

Sambhaav Media: The company has entered into an agreement with Nascent Info Technologies Private Limited to form a Limited Liability Partnership named Sambhaav Nascent LLP to jointly undertake and carry out business of provision of news service and online portal services. The stock will be watched on Monday.