Overnight Digest: Stocks to watch out on April 24

The stocks that are likely to witness significant movement on the bourses on April 24 are AU Small Finance Bank, Shree Ajit Pulp & Paper, Rajesh Exports, Meera Industries and M&M Financial Services.

AU Small Finance Bank: The Bank has reported a rise of 42.39 per cent in its net profit at Rs. 118.24 crore for the quarter under review as compared to Rs. 83.04 crore for the same quarter in the previous year. Total income of the Bank increased by 51.22 per cent at Rs. 1,007.40 crore for Q4FY19 as compared Rs. 666.17 crore for the corresponding quarter previous year.

Shree Ajit Pulp & Paper: Company will shut down its plant approximately for 3-5 day in the month of April and 6-7 days in the month of May. The shutdown is for installation / erection of some additional equipment in the plant.

Rajesh Exports: Company has opened 82nd Retail Showroom under its brand ‘Shubh Jewellers’ at Mangalore. With this launch, the company now has 82 Shubh Jewellers showrooms.

Meera Industries: The company has secured prestigious order worth Rs. 1.68 crore from Creative Textile for Carpet Cabler / Twister Machine.

M&M Financial Services: The company could be in focus owing to the results for Q4FY19 being declared on April 24.