Overnight Digest: Stocks to look out on August 20
The stocks to watch out on August 20 include KEC, Inox, Sun Pharma, L&T and IndiGo.
KEC: The company received a total order of Rs. 845 crore out of which Rs. 580 crore order is from Regional Rapid Transit System (RRTS) and Rs. 265 crore order is for construction of viaduct and stations for the Phase I extension of Kochi Metro.
Inox Leisure: Inox discontinued commercial operations at its multiplex cinema theatre in Poonam Mall in Nagpur which had 3 screens and a total of 1,068 seats.
Sun Pharmaceuticals: The pharmaceutical giant’s Halol plant cleared USFDA inspection with No Action Indicated status, meaning no objectionable conditions or practices were found during the inspection. The company also entered into an agreement with China Medical System Holdings (CMS) for developing and commercialising seven generic products in Mainland China.
Larsen & Toubro Limited: L&T issued and allotted 14,000, which is 6.77% Rated Listed Unsecured Redeemable Non-Convertible Debentures of Rs. 10 lakh each aggregating to Rs. 1,400 crore which will mature on August 20, 2020.
InterGlobe Aviation: IndiGo launched new direct flights on the Agartala-New Delhi-Agartala route. Recently, it had launched flights connecting Silchar, Dibrugarh and Shillong.