Overnight Digest: Stocks to look out on April 12
The stocks that are likely to witness significant movement on the bourses on April 12 are Capacite Infra, Eurotex Industries, Reliance Industries, TCS and Future Retail.
Capacite Infraprojects: The company has bagged orders worth around Rs. 400 crore in Mumbai from two real estate developers, Oberoi Realty and K Raheja Corp. After securing these two orders, the company's total order book has reached around Rs 7,700 crore.
Eurotex Industries & Exports: The company has stopped the production at the Plant E-23 for the time being. The stoppage is due to frequent labour problems during the past few years.
Reliance Industries: The company’s telecom arm, Reliance Jio Infocomm (Jio) has made payment of over Rs 1,109.10 crore to the Department of Telecom towards its spectrum dues. The deferred payment is for the instalment for spectrum bought in auctions.
Tata Consultancy Services: The company has entered into an agreement with Ageas UK, one of the UK's largest insurers and part of the international group headquartered in Brussels.
Future Retail: Acuite Ratings & Research Limited, credit rating agency has reaffirmed the rating for the company's Commercial Paper instrument to ACUITE A1+.