Overnight Digest: Stocks to look out on February 19
The stocks that are likely to witness significant movement on the bourses on February 19 are NHPC, V-Mart Retail, Vodafone Idea, Cyient and Ramco Cement.
NHPC: The company has raised Rs. 1,500 crore through issuance of secured, redeemable, non-cumulative, non-convertible, taxable X Series bonds on private placement basis. The tenure of the instruments is 10 years and coupon rate is 8.65% p.a. The shares of the company could be in focus on Tuesday.
V-Mart Retail: The company has opened a new store in the state of Uttar Pradesh. This takes the total number of stores to 202 stores in 163 cities across 16 states and total tally of Uttar Pradesh is 81 stores. Shares could gain some momentum post the news.
Vodafone Idea: The credit rating agency CARE has revised the rating of Vodafone Idea’s long-term bank facilities and Non-convertible debentures (NCDs) from AA (Outlook Negative) to AA- (Outlook Negative).The agency has also reaffirmed rating of short-term bank facilities and commercial papers A1 +. This could affect the stock prices in the next trading session.
Cyient: The company has completed acquisition of remaining 26% stake in Cyient DLM. Post to this acquisition, Cyient DLM has now become a wholly-owned subsidiary of the company. Earlier, the company had signed a definitive agreement for acquisition stake in Cyient DLM. Shares could be in limelight in Tuesday’s trading session.
Ramco Cements: The company has announced a contribution of Rs. 5 lakhs each to affected families of eight martyrs. The total amount of contribution is Rs. 40 lakhs.