Overnight Digest: Stocks to look out on September 20
The stocks to watch out on September 20 include Nelco, Bharat Forge, Indian Energy Exchange, YES Bank and Zee Entertainment.
Nelco Limited: The company, along with Speedcast International Limited, has received a contract to deliver satellite communications onboard a leading Indian Cruise line.
Bharat Forge: The company has invested 11.35 million euros to complete its acquisition of 50 per cent stake in German company Refu Drive GmbH.
Indian Energy Exchange Limited: A new wholly owned subsidiary, with an initial investment of Rs. 10 crore in the form of subscribed and paid-up capital, will be incorporated to undertake business related to developing gas exchange for transacting, clearing and settling trades in various types of gas based contracts.
YES Bank: In Thursday’s session, the stock fell by 15.52 per cent due to fears over more bad debts and exposure to stressed assets. The stock will be in highlight in the next trading session as well.
Zee Entertainment Limited: After the court asked promoter Subhash Chandra to sell his unpledged stake in the company till next month, the stock dipped by nearly 8 per cent in Thursday session. Thus, it will be watched by investor in the next trading session as well.