Overnight Digest – Stocks to look out for on October 3
The stocks which could witness significant movement on October 3 are Edelweiss Financial Services, Arman Financial Services, Gati/ Snowman Logistics/ Gateway Distriparks, NHPC, ONGC/Petronet LNG/ Oil India.
Edelweiss Financial Services: Edelweiss Financial Services has assigned the rating of ICRA A1+ to the proposed short term debt programme of Rs 3000 crore of the company.
Arman Financial Services: Arman Financial Services has reduced interest rates between 110 and 150 basis points with effect from October 1, 2016.
Gati/ Snowman Logistics/ Gateway Distriparks: GST Council to meet Friday to discuss rules, exemptions on a formula for payment of compensation to states for revenue loss in the aftermath of implementation of the GST.
NHPC: The company signed a power purchase pact with Rajasthan government. The power project will take place in Jaisalmer and the Rajasthan government will purchase the power generated from the project.
ONGC/Petronet LNG/ Oil India: Government cuts October-March local gas prices to USD 2.5 per mmbtu from USD 3.06 per mmbtu.