Overnight Digest: Stocks to look out for on July 12

The stocks that are likely to witness significant movement on the bourses on Thursday are Aurobindo Pharma, Power Grid Corporation of India, Idea Cellular Ltd, Reliance Industries Infrastructure and Sun Pharmaceutical Industries.

Aurobindo Pharma Ltd : The company has informed the bourses upon receiving the USFDA approval for Azithromycin Tablets, product to be launched this month. The market size of product is approximately 900 crore. The stock will be watched on Thursday

Power Grid Corporation Of India : The company has announced that the commercial Operation of POWERGRID Warora Transmission Limited (subsidiary of POWERGRID acquired under TBCB) will be put into commercial operation by 10th July, 2018. This will keep the stock in focus on Thursday.

Idea Cellular Ltd : The government has approved the Idea Cellular and Vodafone merger although some formalities remain to finally close the deal. This will keep the stock of Idea in focus on Thursday.

Reliance Industrial Infrastructure Ltd. : The company has submitted to the exchange the financial results for the period ending June 30, 2018. The company's bottom-line for Q1FY19 rose marginally by almost 4 per cent YoY to Rs.192 crore. The stock will be in focus on Thursday.

Sun Pharmaceutical Industries : DUSA Pharmaceuticals, Inc.,a wholly owned subsidiary of Sun Pharmaceutical Industries Ltd. files lawsuit against Biofrontera Inc. for patent infringement, trade secret misappropriation, and harmful interference. The stock will be watched on Thursday.