Overnight Digest: Stocks to watch out on November 6

Stocks most likely to witness significant movement on the bourses on November 6 are Bosch, Lupin, Gulf Oil Lubricants, Exide Industries and GAIL.

Bosch: The company's board has approved a share buyback of up to 1,028,000 fully paid equity shares at a price of Rs. 21,000 per share, aggregating to an amount of Rs. 21,590.10 million, representing 3.37 per cent of the paid-up equity share capital of the company. Also, the company’s profit of Rs. 419.99 crore for Q2FY19 was up 18.86 per cent in comparison to Rs. 353.34 crore in Q2FY18. The stock is likely to be in limelight on Tuesday.

Lupin: Lupin received approval from the USFDA for Doxercalciferol Injection, 4 mcg/ 2 mL (2 mcg/mL) multi-dose vials. The stock is expected to be in focus during tomorrow's trading session.

Gulf Oil Lubricants India: The company signed an agreement with Tata Motors to launch a range of co-branded lubricants for its passenger vehicle segment in India. The stock is likely to witness some action on Tuesday.

Exide Industries: The company’s turnover surged 15.3 per cent to Rs. 2,720.35 crore for the quarter ended September, 2018 as compared to Rs. 2.358.37 crore in Q2FY18. Profit after tax surged 98.05 per cent to Rs. 268.41 crore in Q2FY19 from Rs. 135.52 crore in Q2FY18. The stock will be watched on Tuesday.

GAIL: The company’s profit soared 49.89 per cent to Rs. 1,963 crore in Q2FY19 from Rs. 1,309.63 crore in Q2FY18. Total income of the company increased 54.86 per cent to Rs. 19,640.96 crore in Q2FY19 from Rs. 12,682.88 crore in Q2FY18. The stock is likely to witness movement in Tuesday’s trading session.