Overnight Digest: Stocks to watch on January 3, 2019

The stocks most likely to witness significant movement on the bourses on January 3, 2019 are PNB Housing Finance, Pennar Industries Limited and Pennar Engineered Building Systems, Vijaya Bank, Capacit’e Infraprojects and Kellton Tech Solutions.

PNB Housing Finance: The company raised Rs. 1,853 crore through External Commercial Borrowing (ECB) on December 28, 2018 and intends to utilize the funds for normal on-lending operations. The stock is likely to witness action in Thursday’s trading session.

Pennar Industries Limited and Pennar Engineered Building Systems: Pennar Group acquired orders amounting to Rs. 309 crore across its business verticals and its subsidiary PEBS Pennar. The stock is likely to witness movement in Thursday’s trading session.

Vijaya Bank: The Board approved the amalgamation of Vijaya Bank with Bank of Baroda. They proposed a fair equity share exchange ratio which includes 402 equity shares of Rs. 2 each of Bank of Baroda for every 1,000 equiy shares of Rs. 10 each of Vijaya Bank. The stock is likely to be in focus on Thursday.

Capacit’e Infraprojects: The company bagged orders worth Rs. 97.69 crore from Institute of Chemical Technology. The stock will be watched on Thursday.

Kellton Tech Solutions: The stock soared 18 per cent after the company announced the successful implementation of Optima, a cloud-based AI-enabled IoT platform in the oil and gas industry. The stock will be monitored on Thursday.