Back Overnight Digest: Stocks to watch out for on October 9, 2018 Dnyanada Kulkarni / Monday, October 8, 2018 / Categories: Trending, Markets The stocks most likely to witness significant movement on the bourses on October 9, 2018 are Aavas Financiers, SPML Infra, Yes Bank, HFCL, GMR Infra, Goa Carbons, L&T Construction. Aavas Financiers: The stock was trading at 9 per cent discount on Monday. This is a new listing and the stock closed 3 per cent higher today. Despite challenging market conditions, the IPO of Rs. 1,734 crore managed to subscribe 97 per cent during September 25-27. The stock will be monitored tomorrow. SPML Infra: The stock slid 4 per cent after the company’s subsidiary Bhilwara Jaipur Toll Road served a termination notice of the concession agreement to the Government of Rajasthan. The stock will be watched tomorrow. Yes Bank: The stock gained 4 per cent based on the news that promoters initiated an out-of-court settlement. This would not only put an end to the uncertainty revolving around the top management succession plan, but also make the board’s functioning simpler. The stock is likely to witness movement in tomorrow’s trading session. HFCL: The stock gained 4 per cent upon receiving an advance purchase order of Rs. 879 crore from Telecommunications Consultants India (TCIL). The stock is likely to witness movement in tomorrow’s trading session. GMR Infra: The stock was down 4 per cent in spite of the company settling an arbitration dispute with private equity investors regarding its airport business. The stock will be monitored tomorrow. Goa Carbons: The stock slid as much as 17 per cent. One of the reasons could be that the sales in September, 2018 were down to 14,454.67 MT from 14,726.80 MT in August, 2018. The stock is likely to witness movement in tomorrow’s trading session.L&T Construction: The company bagged orders worth Rs. 1,881 crore in domestic and international markets. It secured major orders for constructing 22 132/11kV substations in Kuwait. The stock is likely to witness movement in tomorrow’s trading session. Previous Article Metals drag markets; Vedanta, Hindalco tank Next Article Markets may begin on a flat note following mixed global cues Rate this article: 5.0