Overnight Digest: Stocks to watch out for on November 13

Dnyanada Kulkarni
/ Categories: Trending, Markets

The stocks most likely to witness significant movement on the bourses on November 13 are Tide Water Oil Co. (India) Ltd., Dredging Corporation of India, HCL Technologies Ltd., Britannia Industries Ltd., and Kilitch Drugs (India) Ltd.

Tide Water Oil Co. (India) Ltd.: The company declared 1st interim dividend of Rs. 75 per ordinary share for the year 2018-2019. The record date for the same was declared as November 20, 2018. The stock will be monitored tomorrow.

Dredging Corp of India: The company reported a net loss of Rs. 79.16 crore in Q2FY19 in comparison to the net profit of Rs. 18.59 crore in Q2FY18. This was on account of greater expenses and dwindling income. The stock will be watched tomorrow.

HCL Technologies Ltd.: The company announced its partnership with NetBrain to launch HCL NetBot, a joint collaborative technology that offers network visibility and network automation capabilities for enterprise IT Teams. The stock is likely to be in the limelight in tomorrow’s trading session.

Britannia Industries Ltd.: Its revenue rose 13 per cent to Rs. 2,869.59 crore in Q2FY19 from Rs. 2,545.29 crore in Q2FY18. The net profit of Rs. 303 crore in Q2FY19 rose 16 per cent YoY. The stock will be monitored tomorrow.

Kilitch Drugs (India) Ltd.: The company’s net profit in Q2FY19 increased to Rs. 4.49 crore from Rs. 2.23 crore in Q2FY18, registering a climb of 101.34 per cent. The stock is likely to be in the limelight in tomorrow’s trading session.

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