Overnight Digest: Stocks to look out for on January 16
The stocks that are likely to witness significant movement on the bourses on January 16, 2018 are Federal Bank, ICICI Lombard General Insurance Company Ltd, Capital First, BSE Ltd and Inox Wind Ltd.
The Federal Bank Ltd:
The bank announced its Q3 FY18 results on Monday after the market hours. It posted a 26.43 per cent rise in net profit at Rs 260.01 crore for the third quarter ended December 31, 2017. The stock will be in limelight on Tuesday.
Capital First:
The shares of Capital First jumped on Monday after the company announced merger with IDFC Bank in an all stock deal. The stock will continue to remain in focus on Tuesday.
Inox Wind Ltd:
The company has notified the exchange that the CARE Ratings Ltd has reaffirmed the 'CARE A-'rating for the company's Long term bank facilities of Rs.223.23 crore and updated its outlook to 'Stable' from 'Negative'. The stock will be watched on Tuesday.
BSE Ltd:
The Board of Directors of BSE Limited has approved the buyback proposal for purchase of its fully paid-up equity shares of face value of Rs. 2 each from the shareholders/beneficial owners of the company, at a price not exceeding Rs. 1100 per equity share. The stock will be in focus on Tuesday.
ICICI Lombard General Insurance Company Ltd:
The company will be announcing its Q3 FY18 results on January 16, 2018. The stock will be watched on Tuesday.