Overnight Digest: Stocks to look out on August 23
The stocks to watch out on August 23 include Gillette, Coffee Day, Lupin, Tata Steel and DHFL.
Gillette India Limited: For Q1FY20, the company reported an increase in net profit by 32.35 per cent YoY to Rs. 45.82 crore. Total income increased by 11.49 per cent YoY to Rs. 466.39 crore for Q1FY20.
Coffee Day Enterprises Limited: Amid ITC’s denial of buying stake in Coffee Day, the company’s stock surged by 4.95 per cent in intraday trading.
Lupin Ltd: After receiving approval from USFDA, the company launched Fluoxetine Tablets USP, 10 mg and 20 mg, used for treating various disorders.
Tata Steel: Germany’s Thyssenkrupp filed a complaint with the General Court of the European Union (EGC) against the European Commission's decision to prohibit its joint venture in Europe with Tata Steel.
DHFL: Even as lenders are expected to buy 51 per cent stake in the troubled NBFC, if no new funders come forward, the company’s stock fell by 12.94 per cent intraday.