Overnight Digest: Stocks to watch out on July 31

The stocks to look out on July 31 include Coffee Day Enterprises, PNB Housing Finance, Kalpataru Power Transmission, Power Finance Corporation, Tech Mahindra and Indian Oil Corporation.

Coffee Day Enterprises: The company’s founder, chairman and managing director V G Sidddhartha is reportedly missing, thus creating a fear about the stock’s movement in the market.

PNB Housing Finance: The board of directors has approved raising of tier-1 capital of an amount not exceeding Rs. 2000 crore by issuing equity shares or other financial instruments. For Q1FY20, it reported a net interest income of Rs. 625.5 crore, registering a growth by 45 per cent YoY.

Kalpataru Power Transmission Limited: For Q1FY20, the company posted a consolidated revenue increase by 33 per cent YoY to Rs. 2770 crore and PAT increased by 20 per cent YoY to Rs. 107 crore.

Power Finance Corporation: Through issuance of bonds/debentures/debt securities, the company plans to raise resources amounting to Rs 70,000 crore.

Tech Mahindra: Tech Mahindra (Americas), Inc., which is a wholly-owned subsidiary of Tech Mahindra, is set acquire a majority stake in Mad*Pow Media Solutions, LLC.

Indian Oil Corporation: The company, along with its partner Adani Gas, is planning to invest around Rs 9,600 crore for infrastructure needed for retailing CNG to automobiles and also piped natural gas to household kitchens in around 10 cities.