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Overnight Digest: Stocks to watch on January 14, 2019

Dnyanada Kulkarni
/ Categories: DSIJ Mindshare
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The stocks most likely to witness significant movement on the bourses on January 14, 2019 are Karnataka Bank, Infosys, Indian Energy Exchange, Krebs Biochemicals & Industries and Sun Pharma.

Karnataka Bank: The company’s net profit grew 60.69 per cent YoY to Rs. 140.41 crore in Q3FY19. The stock is likely to be in focus in Monday’s trading session.

Infosys: The board approved the buyback of maximum 10,32,50,000 fully paid-up equity shares for an amount, payable in cash, aggregating up to Rs. 8,260 crore. The company also declared a special dividend of Rs. 4 per share. The company’s profit slumped 30 per cent YoY to Rs. 3,610 crore in Q3FY19. The stock is likely to witness movement on Monday.

Indian Energy Exchange: The company reported PAT of Rs. 84.56 crore in H1FY19, posting a growth of 32 per cent YoY. The stock is likely to be in action during Monday’s trading session.

Krebs Biochemicals & Industries: The board approved the issuance of equity shares by way of rights issue to the existing shareholders of the Company for an amount not exceeding Rs. 25 crore. The rights entitlement ratio is 21 equity shares for every 100 equity shares held as on record date. The stock is likely to be in focus during Monday’s trading session.

Sun Pharma: Sun Pharma and SPARC received approval from the US FDA for XELPROSTM to treat open-angle Glaucoma or Ocular Hypertension. The stock will be watched on Monday.

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