Overnight Digest: Stocks to watch on November 29
The stocks most likely to witness significant movement on the bourses on November 29 are Ravalgaon Sugar Farm, Mphasis, Bharat Petroleum Corporation, Dredging Corporation and ICICI Bank.
Ravalgaon Sugar Farm: The stock gained 5 per cent as the company contemplated selling its fixed assets. A board meeting has been scheduled for December 5 to discuss and approve the same. The stock will be watched on Thursday.
Mphasis: The shares of Mphasis rose 5 per cent after the company announced its decision to repurchase equity shares worth Rs. 988.27 crore. The stock is likely to witness some action in Thursday’s trading session.
Bharat Petroleum Corporation: The stock fell 3.62 per cent after the crude oil prices increased by over 1 per cent. The stock will be monitored on Thursday.
Dredging Corporation: The shares of the company gained 3 per cent after it received approval for disinvestment of government stake of 73.47 per cent of the paid up share capital of Rs. 28 crore. The stock is likely to be in the limelight in Thursday’s trading session.
ICICI Bank: The company has formulated aggressive plans to grow its retail loan portfolio in Tamil Nadu by more than 40 per cent to Rs. 13,000 crore in FY18. The stock is likely to be in the limelight in Thursday's trading session.