Overnight Digest: Stocks to look out on August 19

The stocks to watch out on August 19 include Lupin, Godfrey Phillips, Hero MotoCorp, Info Edge and Reliance Industries.

Lupin Limited: Lupin received USFDA approval for Hydrocortisone Valerate Cream USP, 0.2%, which is to be used for relief from inflammatory and pruritic manifestations of corticosteroid responsive dermatoses.

Godfrey Phillips India Limited: The stock gained by more than 10 per cent after reporting strong Q1FY20 figures. Net sales stood at Rs. 825.76 crore which is an increase of 39.2 per cent YoY and consolidated net profit rose by 102.47 per cent YoY to Rs. 114.88 crore.

Hero MotoCorp: Partly due to prevailing market demand scenario and also as part of the annual holiday, the company will be keeping its manufacturing facilities closed from August 15 to 18.

Info Edge (India): The company through one of its wholly-owned subsidiary made an agreement to invest Rs. 47 crore in Shop Kirana Etrading Private Ltd.

Reliance Industries Limited (RIL): Due to RIL's potential to further deleverage its balance sheet, rating agency Fitch Ratings revised outlook on the company's long-term local-currency issuer default rating (IDR) to positive from stable and affirmed the rating as BBB.