Overnight Digest: Stocks to watch on December 3

Stocks most likely to witness significant movement on the bourses on Monday, December 3 are TVS Motor Company, Lupin, Au Small Finance Bank, Reliance Communications and Monte Carlo Fashions.

TVS Motor Company: The company launched a new engine oil called TRU4 KRAAFT with Indian Oil Corporation Limited (IOCL). The stock will be watched on Monday.

Lupin: The company launched Nystatin and Triamcinolone Acetonide Cream USP 100,000 units/gm; 0.1 per cent. The stock will be monitored on Monday.

Au Small Finance Bank: The bank has allotted 5,000 fully paid-up, unsecured, subordinated, rated, listed, redeemable, non-convertible bonds, categorized as Tier II capital under Base II framework. The bonds have a face value of Rs. 10,00,000 each with an aggregate nominal value of Rs. 500,00,00,000. The stock is likely to be in action in Monday’s trading session.

Reliance Communications: The Supreme Court ordered the Department of Telecommunications to grant a no-objection to the company for spectrum trading within 7 days. Reliance Realty, the company’s 100 per cent subsidiary, is obliged to submit a corporate guarantee of Rs. 1,400 crore within 2 days. The stock is likely to be in the limelight in Monday’s trading session.

Monte Carlo Fashions: The board has approved the proposal for buyback of fully paid-up equity shares of face value of Rs. 10 each, not exceeding 1,000,000 equity shares, representing 4.60 per cent of the total paid-up equity share capital at a maximum buyback price of Rs. 550 per share. The stock is likely to be in the limelight in Monday’s trading session.