Overnight Digest – Stocks to look out for on July 20

The stocks which could witness significant movement on July 20 are Exide Industries; Wipro; Manappurram Finance; Jai Prakash Power Ventures; and Adani Ports and Special Economic Zone.

a) Exide Industries: Company will be investing Rs 1,400 crore in the next two years to introduce high performance and more durable automotive batteries in India at par with the ones in developed countries.

b) Wipro: Wipro post market hour declared its Q1FY17 results. Company's profit has declined by 8.3 percent sequentially to Rs 2,051.9 crore and revenue has fallen 0.3 percent to Rs 13,697.6 crore.

c) Manappurram Finance: Company has informed exchanges, that it has got a updation from ICRA on its Rs 192.94 crores NCD programme to ICRA AA – from ICRA A +.

d) Jai Prakash Power Ventures: The company in a press release has clarified to BSE, regarding the news item that flashed on CNBC TV 18 on July 19, and has further stated that JP Group holds 74 per cent stake in JP Powergrid, and remaining is held by Powergrid.

e) Adani Ports and Special Economic Zone: Company has informed the exchanges, that Fitch Ratings, Singapore has affirmed APSEZ’s long-term foreign currency issuer default rating (IDR) at BBB. The outlook is stable.