Overnight Digest: Stocks to look out for on March 26
The stocks that are likely to witness significant movement on the bourses on March 26 are Thomas Cook, Cochin Shipyard, Ashoka Buildcon, Reliance Infrastructure and Newgen Software.
Thomas Cook: The company has launched Ghar Jao Vote Karo campaign ahead of the upcoming general elections to empower citizens to vote while rewarding them with discount on their flight to hometown pre-election and holiday plans. The shares could be in focus.
Cochin Shipyard: The company has received the letter of Acceptance of Tender for nine Floating Vessels (FBOPs) from Ministry of Home Affairs. The order is worth Rs. 270 crore.
Ashoka Buildcon: The company has received Arbitration Award aggregating Rs 36.29 crore for the Two/Four laning project on EPC mode. The stock will be watched.
Reliance Infrastructure: The promoter group, Reliance Project Ventures and Management has pledged 1.56 per cent of the company's share. The total pledged shares stands at 35.37 per cent of the total share capital in the company. The stock will be in focus.
Newgen Software Technologies: The company has received an approval to incorporate a wholly-owned subsidiary in Australia and to make initial investment up to 1.5 million Australian Dollars by way of subscribing to its shares. The stock will be watched.