DSIJ Mindshare

Overnight Digest – Stocks to look out for on July 28

The stocks which could witness a significant movement on July 28 are Asian Paints, Ujaas Energy, Sun Pharmaceuticals, Steel Authority of India and Punjab National Bank/Syndicate Bank.

Asian Paints: The company has posted its Q1FY17 results after market hours on July 27. The net profits have seen a rise of 17.9 per cent YOY at Rs 535 crores. Revenues have grown 10.2 per cent to Rs 4034.84 crores. The stock will make its move in tomorrow’s session.

Ujaas Energy: The company has received SP-1 A grade i.e. a solar energy grading from CARE for its System Integrator. SP-1 A indicates highest performance capability and highest financial strength.

Sun Pharmaceuticals: The company has signed an agreement with RPG Life Sciences to divest its consolidated 7 prescription Indian brands for a sum of Rs 41 crores. The stock may remain in the lime light in tomorrow’s session.

Steel Authority of India (SAIL): According to media reports, Bhilai Steel plant, the flagship of SAIL, has received a contract to supply steel products to Bhabha Atomic Research Centre to be used in its nuclear programme.

PNB/Syndicate Bank: The major banks will post their results on July 28. The stocks of PNB and Syndicate Bank may remain volatile during the trading session.

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