Overnight Digest - Stocks to watch out for on November 1

The stocks most likely to witness movement on the bourses on November 1 are PNB Housing Finance Ltd., Lupin Ltd., Strides Pharma Science Ltd., Cochin Shipyard and GE Power India Ltd. 

PNB Housing Finance Ltd.: The company successfully raised Rs. 2,450 crore through commercial papers, causing the stock to rally 12.8 per cent. This caused shares of other housing finance companies like DHFL, Indiabulls Housing Finance, GIC Housing Finance, Repco Home Finance and Reliance Home Finance to rise as well. The stock is likely to be in action in tomorrow's trading session. 

Lupin Ltd.: The financials report a 41 per cent decline in the Q2FY19 profits to Rs. 268 crore owing to poor operating income and revenue. The stock will be monitored tomorrow. 

Strides Pharma Science Ltd.: The company is set to receive US$ 20 million funding by ICP-III Investment Advisors for the growth of its consumer healthcare business. The stock is likely to be in the limelight in tomorrow’s trading session. 

Cochin Shipyard: The company’s Q2FY19 profit of Rs. 147.64 crore surged 47.33 per cent in comparison to its profit of Rs. 100.21 crore for Q2FY18. Total income rose to Rs. 855.22 crore in Q2FY19 from Rs. 648.40 crore in Q2FY18, posting a growth of 31.90 per cent. The stock will be watched tomorrow. 

GE Power India Ltd.: The company secured orders worth Rs. 1,783 crore from NTPC for installation of air quality control systems at four of its power plants. The stock is likely to witness movement in tomorrow’s trading session.