Overnight Digest: Stocks to watch on November 26

The stocks most likely to witness significant movement on the bourses on November 26 are Rain Industries, AU Small Finance Bank, Indoco Remedies, Oil and Natural Gas Corporation and Pennar Group. 

Rain Industries: The company reported its results for Q3CY18 as follows: Net profit after tax dropped to Rs. 1,748 million in Q3CY18 from Rs. 2,948 in Q2CY18, registering a drop of 40.70 per cent. The stock will be monitored on Monday.  

AU Small Finance Bank: The board gave its approval to enhance capital by issue of Basel II compliant, Tier II, non-convertible redeemable bonds upto Rs. 500 crore, including the green shoe option. The stock will be monitored on Monday. 

Indoco Remedies: The stock gained 20 per cent after its Goa plant II & III cleared the US FDA inspection. The stock is likely to be in the limelight in Monday’s trading session.  

Oil and Natural Gas Corporation: ONGC has to pay Rs 242 crore to the Mumbai Port Trust as wharfage compensation for the transporation of crude oil. The stock is likely to witness movement in Monday’s trading session. 

Pennar Group: The company received total orders worth Rs. 317 crore across its business segments, namely, Pennar Industries Limited and Pennar Engineered Building Systems. The stock is likely to witness movement in Monday’s trading session.