Overnight Digest: Stocks to watch out on May 22

The stocks that are likely to witness significant movement on the bourses on May 22 are Vodafone Idea, Thyrocare Idea, Bodal Chemicals, TechMahindra and Heritage Foods

Vodafone Idea: The company has entered into a partnership with Hyundai AutoEver India, a subsidiary of Hyundai Motor Group, for the roll-out of connected car services. The tie-up will enable Hyundai cars, starting with its recently launched SUV Hyundai VENUE, to offer what it terms advanced connected car functionality.

Thyrocare Technologies: The company has received Letter of Acceptance (LoA) for the tender floated by Municipal Corporation of Greater Mumbai (MCGM) for the outsourcing of laboratory investigative services ‘Aapli Chikitsa’.

Bodal Chemicals: The company has reported a fall of 25.30 per cent in net profit at Rs 29.64 crore for the Q4FY19 as compared to Rs 39.68 crore for the same quarter in the previous year. However, the total income of the company increased by 15.16 per cent at Rs. 328.77 crore for Q4FY19 as compared Rs. 285.49 crore for the corresponding quarter previous year.

Tech Mahindra: Company’s Board of Directors at its meeting held on May 21, 2019, recommended Final Dividend of 14 per equity share.

Heritage Foods Limited: The company is set to announce its Q4FY19 results on May 22. The shares of the company have closed on a positive note at Rs 452.95, up 2.73 per cent.