Overnight Digest: Stocks to watch on December 4
The stocks most likely to witness significant movement on the bourses on December 4 are Maharashtra Seamless, HUL, Yes Bank, Sun Pharma and Ceinsys Tech.
Maharashtra Seamless: The company bagged orders of Rs. 920 crore from ONGC. It is required to supply seamless casings, tubings, line pipes and ERW pipes. The stock is likely to be in the limelight in Tuesday’s trading session.
HUL: The company announced its merger with GlaxoSmithKline Consumer Healthcare for a transaction amounting to Rs. 31,700 crore, which includes the iconic Horlicks brand. The stock is likely to be in focus on Tuesday.
Yes Bank: The shares of the company rose 5 per cent after it appointed TS Vijayan as Additional (Independent) Director for 5 years. The stock is likely to be in action in Tuesday’s trading session.
Sun Pharma: The stock plummeted to 6-month low and closed 7.52 per cent lower on Monday after reports suggested that SEBI might reopen an insider trading case against the drug manufacturer. The stock is likely to witness movement on Tuesday.
Ceinsys Tech: The company has secured an order from Thane Smart City worth Rs. 121.04 crore towards supply, installation, commissioning, operation and maintenance for Smart Water Meter and related infrastructure work for the water supply system of Thane city. The stock will be monitored on Tuesday.