Overnight Digest: Stocks to look out for on March 19

Shohini Nath
/ Categories: Trending, DSIJ News
Overnight Digest: Stocks to look out for on March 19

The stocks that are likely to witness significant movement on the bourses on March 19 are Indostar Capital Finance, Jet Airways, Thomas Cook, Hindustan Aeronautics and Canara Bank.

Indostar Capital Finance: The company has raised Rs. 15 crore through allotment of 150 Series XXXIII Tranche C secured, rated, listed, redeemable, principal protected, Non-Convertible Debentures (NCDs) of Face Value of Rs. 10 lakh each on Private Placement Basis.

Jet Airways: The company has grounded four more planes due to non-payment of lease rentals. The number of aircraft non-operating due to non-payment of lease rental is 41. The shares will be in focus.

Thomas Cook : The company has reported a strong growth in ‘Festival Tourism’. This year, the Kumbh Mela and Holi have proved to be significant drivers, with over 20 per cent  growth from the previous year. The shares will be watched.

Hindustan Aeronautics: The company has declared a dividend of Rs. 19.80 per equity share of Rs. 10 each for FY19. The shares would be in limelight.

Canara Bank: The bank plans to raise long-term foreign currency funds by issuing Senior Unsecured Bonds in the international markets of USD 500 million under its Medium Term Notes (MTN) Programme.

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