Overnight Digest: Stocks to lookout on July 16

The stocks to watch out on July 16 include Aditya Birla Fashion and Retail, J. B. Chemicals, Greaves Cotton, Ashok Leyland and DHFL.

Aditya Birla Fashion and Retail Limited: The company’s acquisition committee approved of 51 per cent stake acquisition in Finesse International Design Private Limited which is under the brand name of Shantanu & Nikhil.

J. B. Chemicals & Pharmaceuticals Limited: The company entered into a MoU with Greenscape Builders & Developers to assign company’s leasehold interest in plots of land at Navi Mumbai for aggregate consideration of Rs. 20.51 crore.

Greaves Cotton: The company has acquired 25,73,529 equity shares in its subsidiary Ampere Vehicles for Rs. 38.49 crore.

Ashok Leyland Ltd.: The company's plant situated in Pantnagar will be closed from July 16 to July 24, 2019 owning to weak demand and outlook for the industry.

Dewan Housing Finance Corporation Limited: In a press release the company stated to have met all the financial obligations which it owed and shall strive to bring its business back to normalcy. Repayments of over Rs. 41,800 crore have been made.