Overnight Digest: Stocks to watch out for on October 11, 2018

The stocks most likely to witness significant movement on the bourses on October 11 are Bharat Dynamics, HEG Ltd., Garden Reach Shipbuilders and Engineers Ltd., Merck and Indiabulls Ventures.

Bharat Dynamics: The stock increased 5 per cent after the company secured an order worth Rs. 200 crore from DRDO in today's market. It will have to supply medium range surface to Air Missile (MR SAM) rear section. The stock is likely to be in the limelight in tomorrow’s trading session.

HEG Ltd.: The company’s stock surged as high as 20 per cent to Rs. 3,871.05 after BofA Merrill Lynch shared a BUY rating on the company with a price objective of Rs. 6,700, indicating an upside of more than 100 per cent in comparison to the previous close of Rs. 3,225.90. The stock is likely to experience movement in tomorrow’s trading session.

Garden Reach Shipbuilders and Engineers Ltd.: At the end of today’s trading session, the stock closed at a discount of 12.5 per cent at Rs. 103.30 per share, in comparison to its issue price of Rs. 118 on the NSE. The stock will be watched tomorrow.

Merck: The shares of the company rose 5 per cent after the Government of India approved Procter & Gamble’s Overseas India BV proposal for acquisition of up to 77.80 per cent stake of the paid-up equity share capital in the company. The stock will be monitored tomorrow.

Indiabulls Ventures: The company’s profits in Q2 surged a whopping 61 per cent to Rs. 141 crore owing to its strong operational performance mainly pertaining to the broking and financing segments. The stock is likely to witness some action in tomorrow’s trading session.