Overnight Digest: Stocks to watch on December 9, 2019
The stocks most likely to witness significant movement on the bourses on December 9, 2019 are Monsanto India and Bayer Cropscience, Bharat Dynamics, Hind Rectifiers, Vascon Engineers, and ICICI Bank, Punjab National Bank, IDBI Bank and Bank of Baroda.
Monsanto India and Bayer Cropscience: Bayer AG’s Monsanto unit triumphed in a legal battle to own patents on genetically-modified cotton seeds in India. The stock is likely to be in focus on Wednesday.
Bharat Dynamics: The company entered into a contract worth Rs. 760 crore to supply Anti-Tank Guided Missiles to the Indian Army. The stock is likely to witness movement in Wednesday’s trading session.
Hind Rectifiers: The company secured orders of Rs. 88.05 crore in December 2018 which included orders worth Rs. 61 crore from Diesel Locomotive Works. The stock is likely to witness action in Wednesday’s trading session.
Vascon Engineers: The company has incorporated a wholly-owned subsidiary called Vascon EPC Limited. The stock was down 4.52 per cent at the close of market hours. The stock will be watched on Wednesday.
ICICI Bank, Punjab National Bank, IDBI Bank and Bank of Baroda: NCLT ordered liquidation of Lanco Infra and ABG Shipyard. The aforementioned banks are the major lenders to these companies. Their stocks are likely to witness movement in Wednesday’s trading session.