Overnight Digest: Stocks to watch out for on October 17, 2018

The stocks most likely to witness significant movement on the bourses on October 17, 2018 are TTK Prestige Limited, Infosys Ltd., L&T Technology Services, Cochin Shipyard and ITI Ltd.

TTK Prestige Ltd.: CRISIL upgraded the long-term rating of TTK Prestige Limited from AA-/Positive to AA/Stable. The stock will be monitored tomorrow.

Infosys Ltd.: The company’s consolidated profit surged 13.8 per cent to Rs. 4,110 crore in Q2FY19. Revenue grew 7.7 per cent to Rs. 20,609 crore in comparison to Rs. 19,128 crore in the previous quarter. The company signed deals worth $2 billion in Q2FY19. Additionally, the company declared interim dividend of Rs. 7 per equity share today. The stock is likely to be in the limelight in tomorrow’s trading session.

L&T Technology Services: The company announced completion of acquisition of Bengaluru-based Graphene Semiconductor Services in a press release today. The stock will be monitored tomorrow.

Cochin Shipyard: The Board has approved buyback of fully paid equity shares of Rs. 10/- each at a price of Rs. 455/- per share. The aggregate consideration amounts to Rs. 200,00,02,550/-. The stock is likely to witness movement in tomorrow’s trading session.

ITI Ltd.: The company released its annual report to the NSE today. Its Net Profit dropped to Rs. 230.5643 crore in FY18 from Rs. 266.3905 crore in FY17, posting a fall of 13.44  per cent. The stock will be monitored tomorrow.