Overnight Digest: Stocks to look out for on May 13

The stocks that are likely to witness significant movement on the bourses on May 13 are GAIL, Eicher Motor, Zen Technologies, V-Mart Retail, ITC and HDFC

GAIL: The company has bagged a contract worth Rs 10,500 crore for pipeline and laying

Eicher Motors: The company recorded total revenue from operations at Rs. 2,500 crores, EBITDA at Rs. 685 crores. Net Profit After Tax was at Rs. 545 crores which is 18 per cent higher on a YoY basis.

Zen Technologies: The company had completed acquisition of 51 % shareholding in Unistring Tech Solutions as per the documents received on 10 May 2019. Henace, Unistring Tech Solutions became subsidiary of Zen Technologies with effect from 08 May 2019.

V-Mart Retail: The company announced that the company’s top line witnessed 17% growth in FY19 due to the opening of 44 new stores.

ITC and HDFC: Both the companies could gain some significant movement as the companies are set to report its results on May 13.