Overnight Digest: Stocks to watch out for August 1

The stocks to look out on August 1 include Allahabad Bank, DHFL, Symphony Limited, Dilip Buildcon, Mindtree and Coffee Day Enterprises.

Allahabad Bank: The bank announced raising equity capital amounting to Rs. 2,000 crore through Qualified Institutions Placement (QIP). For Q1FY20, total business of bank stood at Rs. 3,77,778 crore with 3.46 per cent increase YoY having made profit of Rs. 128 crore in Q1FY20 as against a loss in Q1FY19. GNPA for Q1FY20 stood at 17.43 per cent.

DHFL: The company divests its stake of 17.2 per cent held directly and 32.88 per held through its subsidiary DHFL Advisory & Investments Private Limited in DHFL Pramerica Asset Managers Private Limited to PGLH of Delaware Inc.

Symphony Limited: For Q1FY20, the company posted a consolidated PAT increase of 66 per cent at Rs. 33.41 crore from Rs. 20.10 crore for Q1FY19. In Q1FY2o net sales were reported to be Rs. 291.30 crore, an increase by 100 per cent YoY.

Dilip Buildcon: DBL Gorhar Khairatunda Highways which is the company’s wholly-owned subsidiary has received the appointed date of July 19, 2019 from NHAI of a six-laning project from Gorhar to Khairatunda section of NH-2 in Jharkhand.

Mindtree: To accelerate blockchain development, Mindtree joins Hyperledger.

Coffee Day Enterprises: The missing body of the company’s founder VG Siddhartha was found after he jumped down from a bridge in Mangalore succumbing to financial pressure and harassment.