Overnight Digest: Stocks to watch on January 25, 2019
The stocks most likely to witness significant movement on the bourses on January 25, 2019 are PNB Housing Finance, Yes Bank, Poddar Pigments, Kamdhenu and Punjab Chemicals and Crop Protection.
PNB Housing Finance: The company reported PAT growth of 32 per cent and NII growth of 35 per cent, YoY in Q3FY19. The stock is likely to witness movement in Friday’s trading session.
Yes Bank: The company received approval from RBI to appoint Ravneet Singh Gill as CEO and MD. Its net profit dropped 6.96 per cent to Rs. 1,002 crore in Q3FY19. The stock is likely to be in focus on Friday.
Poddar Pigments: The company reported a drop of 15.29 per cent in net profit of Rs. 4.2674 crore in Q3FY19 from Rs. 5.0378 crore in Q3FY18. Furthermore, the company acquired land at Brijpura, Rajasthan to set up a new unit which will enhance production capacity by approximately 25 per cent in the 1st phase by the end of FY19-20. The stock will be watched on Friday.
Kamdhenu: The revenues of the company rose 21 per cent to Rs. 974 crore while the company reported a rise of 66 per cent in PAT of Rs. 17 crore and growth of 35 per cent in royalty income of Rs. 60 crore for 9M FY19. The stock will be monitored on Friday.
Punjab Chemicals and Crop Protection: The company’s standalone profit rose to Rs. 5.04 crore in Q3FY19 from Rs. 1.40 crore in Q3FY18, thereby rising 260 per cent YoY. The stock will be observed on Friday.