Overnight Digest : Stocks to look out for on July 18

IDBI Bank : The bank has received a letter from Life Insurance Corporation of India expressing their interest in acquiring 51% controlling stake in IDBI Bank, as a promoter through preferential allotment of shares/open offer. This will keep the stock in focus on Wednesday.

Housing Development Finance Corp Ltd : HDFC has informed the bourses regarding Proposed Initial Public Offering (IPO) of their subsidiary, HDFC Asset Management Company Limited (HDFC AMC).This will keep the stock of HDFC in limelight on Wednesday.

Tejas Networks Limited :The company has announced that they have implemented 100G DWDM Network for MCM Telecom in Mexico. The will keep the stock in focus on Wednesday.

Zee Entertainment Enterprises : The company reported a 31.27 per cent rise in its consolidated net profit at Rs 325.88 crore for the quarter ended June 30. This will keep the stock in focus on Wednesday.