Overnight Digest – Stocks to look out for on August 29

The stocks which could witness a significant movement on August 29 are Capital Trust, Trident, IOC, Alankit and DLF.

a) Capital Trust: Company has informed the bourses, that RBI has granted it permission to acquire 100 per cent shareholding of Parikarma Investments and Financial Services, an NBFC.

b) Trident: Company was the largest gainer of Aug 26. According to some media houses Target Corp has asked for the sample of bedsheets from the company. Target Corp has ended all the ties with its prime supplier Welspun India.

c) IOC: Q1FY17 results are expected on August 29. It could be interesting to watch the results. However, in Q1FY16, company has reported a net profit of Rs 6435 crores.

d) Alankit: Company post market hours on Aug 26 has declared its Q1FY17 results. Net profits of the company in Q1 stand at 1.89 crores. Board has also recommended issue of bonus shares in the proportion of 1:1.

e) DLF: Company will also declare its Q1FY17 results on August 29. The scrip of the company closed at Rs 159.90, marginally down by 1.17 per cent on Friday.