Overnight Digest: Stocks to watch on November 15

The stocks most likely to witness significant movement on the bourses on November 15 are Zydus Cadila, Salona Cotspin, Astral Poly Technik, Kalpataru Power and Mahindra & Mahindra.

Zydus Cadila: The company received approval from the USFDA to market Arsenic Trioxide injection for the treatment of leukemia. The stock is likely to be in action in Thursday’s trading session.

Salona Cotspin: The company’s net sales of Rs. 37.72 crore were up 74.64 per cent YoY for the quarter ended September, 2018. Consequently, net profit rose 221.36 per cent to Rs. 1.02 crore. The stock is likely to be in the limelight in Thursday’s trading session.

Astral Poly Technik: The company delivered consolidated top-line growth of 20 per cent and EBITDA growth of 40 per cent for the period H1 2018-2019. The stock will be monitored on Thursday.

Kalpataru Power: The company bagged orders worth Rs. 1,322 crore in the domestic and overseas market of which Rs. 943 crore relates to the transmission and distribution business in Bangladesh, Abu Dhabi and Peru, while Rs. 379 crore pertains to the composite order for railway infrastructure construction from Rail Vikas Nigam. The stock is likely to be in the limelight in Thursday’s trading session.

Mahindra & Mahindra: The profits for Q2FY19 rose 26 per cent to Rs. 1,799 crore. The stock will be watched on Thursday.