Overnight Digest: Stocks to watch on January 21, 2019
The stocks most likely to witness significant movement on the bourses on January 21, 2019 are Dhanuka Agritech, Cox & Kings, Sun Pharmaceutical Industries, Wipro and MOIL.
Dhanuka Agritech: The company intends to buyback up to 15,00,000 fully paid-up equity shares on a proportionate basis for a price of Rs. 550 per share. The stock will be monitored on Monday.
Cox & Kings: The exchange was notified about a Scheme of Arrangement between the company and Cox & King Financial Service Limited. The company also received approval for listing of 72,854,454 equity shares of Rs. 10 each of Cox & Kings Financial Service Limited pursuant to the captioned Scheme of Arrangement. The stock is likely to witness action in Monday’s trading session.
Sun Pharmaceutical Industries: A second whistleblower complaint has been filed against the company post which the stock plummeted 12 per cent. The relevant whistleblower documents are being offered to institutional investors for inspection. The stock is likely to remain in focus during Monday’s trading session.
Wipro: The company announced one bonus share for every three held. The board declared an interim dividend of Re. 1 per share to the shareholders who are eligible as per the record date January 30, 2019. The company reported PAT of Rs. 2,544.5 crore in Q3FY19, posting a growth of 31.83 per cent YoY. The stock is likely to witness movement on Monday.
MOIL: The company signed a MoU with Gujarat Mineral Development Corporation Limited to take up a project of joint exploration of manganese bearing areas, exploring its feasibility and to conduct Mining Operations as well as to set up Value Additional Plant in JV at Vadodara & Chhota Udepur (Gujarat) with a proposed investment of approximately Rs. 250.00 crore. The stock is likely to be in action on Monday.