Overnight Digest: Stocks to watch out for on October 10, 2018

The stocks most likely to witness significant movement on the bourses on October 10, 2018 are Lupin Ltd., KEC International Ltd., Genus Power Infrastructures Ltd., SAIL and JMC Projects. 

Lupin Ltd: The company announced the launch of Clobetasol Propionate Ointment USP 0.05 per cent upon receiving approval from the USFDA. The stock will be in focus tomorrow. 

KEC International Ltd.: The company won orders of Rs. 1,496 crore in its Transmission and Distribution business in Bangladesh. The scope of work includes designing, supplying and installing the 400kV Meghnaghat – Madunaghat Double Circuit Transmission Line. The stock is likely to be in the limelight in tomorrow’s trading session. 

Genus Power Infrastructures Ltd.:  The company bagged an order worth Rs. 312 crore for the implementation of Advanced Metering Infrastructure (AMI) including supply of 4.31 lakh smart meters. The stock is likely to be in the limelight in tomorrow’s trading session. 

SAIL: Tragedy struck by way of a fire in a gas pipeline at a plant of SAIL in Chhattisgarh. Nine people succumbed to the fire while 14 are undergoing medical treatment. The stock will be watched tomorrow. 

JMC Projects: The Q2FY19 performance of the company demonstrated a surge in Profit After Tax (PAT) of 55.9 per cent to Rs. 521.2 crore. The stock is likely to be in the limelight in tomorrow’s trading session.