Overnight Digest: Stocks to watch out on May 17
The stocks that are likely to witness significant movement on the bourses on May 17 are Hindalco Industries, Thomas Cook, Action Construction Equipment, Bajaj Auto and Bharat Forge.
Hindalco Industries: The company has reported a fall of 37.44 per cent in its net profit at Rs 235.82 crore for Q4FY19 as compared to Rs 376.97 crore for the same quarter in the previous year. The total income of the company increased by 7.07 per cent at Rs 12,733.23 crore for Q4FY19 from Rs 11,892.06 crore YoY.
Thomas Cook: The company has entered into partnership with Mastercard to bring, for the first time, offering Mastercard's global 'Priceless Cities' program for outbound travellers from India.
Action Construction Equipment: Board of Directors at its meeting, recommended Final Dividend of 0.50 per equity share.
Bajaj Auto: The company is set to announce its Q4FY19 results on May 17. The shares of the company have closed on a positive note at Rs 2944.65, up 0.97 per cent.
Bharat Forge: The company has rolled out the one millionth finished machined crankshaft that powers heavy duty engines of Daimler AG. The company exclusively supplies machined crankshafts for the 13L & 15L engine platforms to Detroit Diesel, USA.