Overnight Digest- Stocks to look out for on February 23

The stocks which could witness significant movement on either side on February 23 are Coffee Day, Stovec, Emco, Minda Industries, Bharti Airtel and Cosmo Ferrites.

a) Coffee Day Enterprises: The company has informed BSE that its step-down subsidiary "AlphaGrep Holding HK" has divested 40.50 per cent shares in its subsidiary, namely, Lighthouse Financial Technologies.

b) Stovec and Emco: All eyes would be on these companies as they would be reporting their Q3 earnings on Thursday, February 23, 2017.

c) Minda Industries: The company has informed BSE in an exchange filing that the group has entered into a joint venture agreement with Katolec Corporation, Japan, for setting up electronic manufacturing services company.

d) Bharti Airtel: The company has informed BSE in an exchange filing that the company has acquired strategic stake in FinTech start-up Seynse in an all-cash deal.

e) Cosmo Ferrites: The company has informed BSE in an exchange filing that the company has successfully commenced the production of LED lamps and lighting effects after completing phase I of the LED project from February 22, 2017 at its manufacturing unit located at Noida, Uttar Pradesh.