Overnight Digest: Stocks to look out for on February 8
The stocks that are expected to record a significant movement on the bourses on February 8, 2018 are Shriram Transport Finance Company Limited, Reliance Infrastructure Limited (Rinfra), Dilip Buildcon Limited, VIP Clothing Limited and Quick Heal Technologies Limited.
Shriram Transport Finance Company Limited: The company informed the bourses that it has transferred 16630435 Equity Shares of Shriram Automall India Limited (SAMIL) of face value of Rs.10 each fully paid up to MXC Solutions India Private Limited (MXC) at Rs.94.03 per share aggregating to Rs.15637 Lakhs. Consequently, SAMIL has ceased to be a subsidiary of STFC from Wednesday. The stock will be watched on February 8, 2018.
Reliance Infrastructure Limited (Rinfra): The company announced on Wednesday that it has bagged two EPC contracts of Rs. 1,881 crore for road projects. The stock is likely to be in limelight on February 8, 2018.
Dilip Buildcon Limited: The company has informed the courses that it has incorporated a new SPV named as “DBL Chandikhole Bhadrak Highways Private Limited” to undertake the highway upkeep project. The stock is likely to be watched on February 8, 2018.
VIP Clothing Limited: The company announced that credit rating agency CRISIL has assigned BBB- Stable rating to the company’s long term instruments and A3 rating to the company’s short term instruments. The stock is likely to be in limelight on February 8, 2018.
Quick Heal Technologies Limited: The company announced its Q3 FY18 results on Wednesday and posted a hike in profit after tax by 309 per cent for the corresponding quarter on a yearly basis. The stock will be in limelight on February 8, 2018.