Overnight Digest: Stocks to watch out for on October 31
The stocks that are most likely to witness significant movement on the bourses on October 31, 2018 are Welspun Enterprises, Tech Mahindra, TeamLease Services, Talwalkars and Navin Fluorine International.
Welspun Enterprises: For Q2FY19, the company reported a 77 per cent increase in revenue, on a YoY basis, a 157 per cent increase in operating EBITDA and a current order book of Rs. 53.5 billion. The stock is likely to be in limelight in Wednesday’s trading session.
Tech Mahindra: The company’s profit after tax for Q2FY19 stood at Rs. 10,643 million, up 27.3 per cent over the previous year. The stock is likely to be in focus.
TeamLease Services: The company announced its performance for Q2FY19 and posted a revenue growth of 24.4 per cent, EBITDA growth of 57.8 per cent and net profit growth of 43.1 per cent on a YoY basis. The stock is likely to witness some movement on Wednesday.
Talwalkars Better Value Fitness: The company’s total comprehensive income increased 102 per cent in Q2FY19 on a YoY basis. The stock will be monitored on Wednesday.
Navin Fluorine International: The company informed the exchange that it has declared an interim dividend of Rs. 3.80 per equity share. The stock will be watched during Wednesday's trading session.