Overnight Digest: Stocks to watch out on May 2

Subex: The company has won multi-year deal from Econet Wireless Zimbabwe (EWZ), a leading telecom operator in Zimbabwe for the deployment of its Analytics Centre of Trust (ACT) offering.

Kotak Mahindra Bank: The bank has reported a rise of 25.24 per cent in its net profit at Rs. 1,407.80 crore for the quarter ended March 31, 2019 as compared to Rs. 1,124.05 crore for the same quarter in the previous year. Total income of the bank increased by 18.50 per cent at Rs. 7,672.56 crore for the quarter as compared to Rs. 6,475.00 crore for the quarter ended March 31, 2018.

NTPC: The company has decided to raise Rs. 3,056.50 crore on May 3, 2019 through private placement of secured non-convertible bonds in the nature of debentures at a coupon of 7.93 per cent p.a. with a door to door maturity of 3 years.

Exide Industries: The company has reported a rise of 11.14 per cent in its net profit at Rs. 210.68 crore for the quarter ended March 31, 2019 as compared to Rs. 189.56 crore for the same quarter in the previous year. Total income of the company increased by 5.47 per cent at Rs. 2,615.26 crore for the quarter as compared to Rs 2,479.69 crore for the quarter ended March 31, 2018.

Britannia: The stock will be in focus owing to Q4FY19 results to be announced on April 29.

Markets will be closed on Wednesday, May 1 on the occasion of May Day.