Overnight Digest: Stocks to look out for on September 26, 2018

The stocks most likely to experience significant movement on the bourses on September 26, 2018 are SJVN, Power Finance Corporation (PFC), Greenply Industries Ltd., IL&FS and Infosys.

SJVN: The government intends to sell 63.8 per cent stake in SJVN to NTPC, thereby generating close to Rs. 8,000 crore to help maintain its FY19 fiscal deficit target. The stock will be monitored tomorrow.

Power Finance Corporation (PFC): The government intends to sell 65.6 per cent stake in PFC to Rural Electrification Corporation to help maintain its FY19 fiscal deficit target. The stock will be monitored tomorrow.

Greenply Industries Ltd.: The company set up a Euro 11 million facility in Gabonese Republic, West Africa. Additionally, it aims to achieve a capacity utilization of 55 per cent by 2018-2019 and scale up to 100 per cent by 2020-2021. The stock is likely to be in the limelight in tomorrow’s trading session.

IL&FS: The company has sought relief from NCLT for itself and 40 group units from being charged at the insolvency courts. It is currently attempting to restructure its loans after defaulting on numerous bonds issued by it. The stock will be watched tomorrow.

Infosys: The company announced that Infosys Public Services Inc. (IPS) secured a contract worth CAD 80.3 million by Public Services and Procurement Canada (PSPC) to modernize and automate their procurement process. The stock will be monitored tomorrow.