Overnight Digest- Stocks to look out for on January 19

The stocks which could see a significant movement either side on January 19 are KPIT Technologies, Sasken Communication, Alembic, Axis Bank, Yes Bank, DB Corp, Federal Bank, Ujjivan Financial Services, Yes Bank, Cipla, PNB and Tata Group stocks.

a) KPIT Technologies and Sasken Communication: Technology majors will be reacting to its Q3 number on Thursday.

b) Alembic, Axis Bank, DB Corp, Federal Bank, Yes Bank and Ujjivan Financial Services: All eyes would be on financials as banking majors will be presenting its Q3 numbers on Thursday, January 19, 2017.

c) Cipla: The company has informed BSE that Goldencross Pharma, wholly owned subsidiary of Cipla has entered in to a definitive agreement to sell its 100% equity stake in Four M Propack to Shriji Polymers for a consideration of Rs.13.5 crores.

d) PNB: The company has informed BSE of signing an MoU with the Indian Post Payment Bank, wherein PNB shall provide technology platform for a pilot launch post RBI approval.

e) Tata Group Stocks: Tata Group Stocks will be in focus as NCLT dismissed Cyrus Mistry’s contempt petition against Tata Sons.