Overnight Digest: Stocks to look out for on September 18

The stocks that are likely to witness significant movement on the bourses on September 18 are Indraprastha Gas, Alembic Pharmaceuticals, Avenue Supermarts, IL&FS Transportation Networks Limited and SMS Lifesciences. 


Indraprastha Gas: The company has been granted authorisation for development of city gas distribution network in Meerut, Muzaffarnagar and Shamli districts. The stock will be watched on Tuesday. 


Alembic Pharmaceuticals : The company  has received approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) desvenlafaxine extended release tablets, 25 mg., indicated for the treatment of major depressive disorder. The share will be in focus on Tuesday’s trading session. 


Avenue Supermarts: The company has raised funds worth Rs 70 crore through issuance of commercial paper. Due to this, the stock of the company is likely to be in focus on Tuesday’s trading session. 


IL&FS Transportation Networks Limited: The debt-laden IL&FS, which was in the news for all negative reasons, has informed the bourses that the company today paid the interest due on non-convertible debentures (NCDs). The stock will be watched on Tuesday. 


SMS Lifesciences India: The company has further acquired 10,00,000 equity shares of Rs 10 each (21.21%) in Mahi Drugs. With this, the total stake of the company as on date in Mahi Drugs is 100.00% and the latter has become a wholly-owned subsidiary of the company. The shares of the company will be in the limelight tomorrow.