Overnight Digest: Stocks to look out for on May 9
The stocks that are likely to witness significant movement on the bourses on May 9 are Lupin, Dilip Buildcon, Voltas, Eros International and UPL.
Lupin: The government has approved a proposal of Lupin to take more time for completion of its project at Indore special economic zone (SEZ) with proposed investment of Rs 205.69 crore. The decision to give more time was taken by the Board of Approval (BoA) in its meeting held on April 22.
Dilip Buildcon: The company’s wholly-owned subsidiary, Mangalwedha Solapur Highways has received the financial closure letter dated May 7, 2019 from the National Highways Authority of India (NHAI) for the project of four laning of Sangli-Solapur Section of NH-166.
Voltas: The company is set to report its quarterly results on Thursday for Q4FY19. The stock will be watched.
Eros International: Promoter creates a pledge on 27.5 lakhs shares. Stock will be watched.
UPL: The company’s board to consider the issue of bonus shares. The stock will be in focus.