Overnight Digest: Stocks to watch on December 26, 2018

The stocks most likely to witness significant movement on the bourses on December 26 are Max India, Power Finance Corporation, Suprajit Engineering, Wabco India and Hero MotoCorp.

Max India: The company’s board approved a scheme of amalgamation and arrangement amongst Max India Limited, Max Healthcare Institute Limited, Radiant Life Care Private Limited and a wholly-owned subsidiary which will be incorporated for this purpose. Moreover, Radiant Life entered a share purchase agreement with Life Healthcare International Proprietary Ltd. to acquire 49.7 per cent of the share capital of Max Healthcare from Life Healthcare. The stock is likely to be in focus on Wednesday.

Power Finance Corporation: The company’s wholly-owned subsidiary, PFC Consulting Limited, has transferred its wholly-owned subsidiary Obra-C Badaun Transmission Limited to Adani Transmission Limited. The stock will be monitored on Wednesday.

Suprajit Engineering: The company announced its half-yearly results. Operational revenue surged Rs. 753.151 crore in Q2FY19 from Rs. 658.375 crore in Q2FY18. PAT dropped 1.91 per cent on a YoY basis. The stock will be watched on Wednesday.

Wabco India: The exchange has sought clarification from the company pertaining to the news of Wabco entering a $950 million supply pact with a commercial vehicle maker. The stock is likely to be in focus on Wednesday.

Hero MotoCorp: The shares of the company declines as much as 4.27 per cent after Goldman Sachs downgraded its rating to sell. The stock is likely to be in the limelight during Wednesday’s trading session.