Overnight Digest: Stocks to watch out for on October 3, 2018

Dnyanada Kulkarni
/ Categories: Trending, Markets

The stocks most likely to witness significant movement on the bourses on October 3, 2018 are Rane Holdings, Gayatri Projects, Bharat Electrinics, Tata Motors, Lupin, and IL&FS.

Rane Holdings: The company has increased its stake in the subsidiary company, causing the stock price to rise 7 per cent. The stock will be watched on Wednesday.

Gayatri Projects: The company has won orders worth Rs.549. crore, causing the share price to rise nearly 15 per cent. The contract pertains to add-on work to its existing work of Chintalapudi lift irrigation scheme. The stock is likely to be in the limelight in Wednesday’s trading session.

Bharat Electronics: The stock of the company gained nearly 5 per cent on favourable court order for sales tax demand. The stock will be monitored on Wednesday.

Tata Motors: The exceptional sales performance showing a growth of 20% YoY in the month of September resulted in an appreciation in the share price by 3 per cent. The stock will be monitored on Wednesday.

Lupin: Lupin has partnered with Eli Lilly to distribute diabetes injection Aplevant in the country. The stock will be monitored on Wednesday. 

IL&FS: The government has ordered a probe into the affairs of the company and its subsidiaries today. The debt-ridden company was paying dividends and substantial managerial pay-outs, despite being in the midst of a liquidity crisis. The stock is likely to be in action on Wednesday.


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