Overnight Digest: Stocks to watch out for on October 8, 2018

The stocks most likely to witness significant movement on the bourses on October 8, 2018 are Reliance Industries Ltd., JSW Energy Ltd., Thomas Cook, Maruti Suzuki India, Goa Carbon Ltd. and Jet Airways.

Reliance Industries Ltd.: The company has prompted talks to acquire Hathway Cable & Datacom, India’s largest cable operator, with a view to speed-up the launch of its GigaFiber high-speed home broadband services. The stock tanked 6.31 per cent and closed at Rs. 1,049.85 per share today. The stock is likely to witness movement in the trading session on Monday.

JSW Energy Limited: The credit rating agency CARE has revised the rating of the company’s long-term bank facilities and non-convertible debentures from ‘CARE AA-/Negative’ to ‘CARE AA-/Stable’. They also reaffirmed the ratings on short-term bank facilities and commercial paper at ‘CARE A1+’. The stock will be monitored on Monday.  
        
Thomas Cook: The BODs have given a green signal to acquire a 24 per cent strategic stake in TravelJunkie Solutions Private Ltd. The stock will be monitored on Monday.     

Maruti Suzuki India: The company launched a limited edition of WagonR which has several additional features including reverse parking sensors today. The stock is likely to witness movement in the trading session on Monday.

Goa Carbons Ltd.: The stock declined 5 per cent as the company incurred net losses in September. EBITDA dropped a staggering 95.1 per cent at Rs. 1.2 crore and margin was at 1.1 per cent. The stock is likely to witness significant movement on Monday.

Jet Airways: In an attempt to remedy its tight liquidity position, the company indulged in an advance sale of redemption miles to its subsidiary, thereby raising Rs. 2.5 billion. The stock is likely to witness significant movement on Monday.