Overnight Digest – Stocks to look out for on July 27

The stocks which could witness significant movement on July 27 are Zee Learn, Birla Corporation, Yes Bank, Zee Entertainment Enterprises and Asian Paints.

a) Zee Learn: The company has informed BSE, that it has approved employees stock option scheme. 50,000 stock options will be converted into equivalent number of Equity Shares of Re. 1/- each.

b) Birla Corporation: The company has informed BSE, that CRISIL has revised its rating for Rs. 5000 million Non-Convertible Debentures to 'CRISIL AA' from 'CRISIL AA+' while the rating of its Rs 2000 million short term debt programme has been reaffirmed at 'CRISIL A1+'.

c)  Yes Bank: Q1FY17 results are expected tomorrow; bank posted a good result in Q4FY16. Net profits rose by 27.42 per cent to Rs 702.11 crore. Total income in Q4, also had widened by 17 per cent.

d) Zee Entertainment Enterprises: Company post market hours has declared its Q1FY17 results. Company has posted a net profit of Rs. 1703.60 million for the quarter ended June 30, 2016 as compared to Rs. 1376.80 million for the quarter ended June 30, 2015.

e) Asian Paints: Company will also declare its Q1FY17 results, on July 27. The scrips closed at Rs 1063.50, down by 0.50 per cent. The results are expected to be in green as in Q4 the company’s net profits have increased by 20 per cent.