Overnight Digest: Stocks to look out for September 13

The stocks to watch out for September 13 include Granules, Power Grid, OBC, L&T and Thomas Cook.

Granules India Limited: The pharma giant’s paracetamol API manufacturing Bonthapally facility located in Hyderabad, Telangana received one observation during USFDA inspection.

Power Grid Corporation of India Limited: It has acquired Bhind Guna Transmission Limited (BGTL), the project SPV for establishing transmission system for intra-state transmission work related to construction of 400 kV and of 200 kV substations in Madhya Pradesh from REC Transmission Projects Company Limited.

Oriental Bank of Commerce (OBC): Ratings agency CARE Ratings has revised the rating outlook for the bank’s Tier 1 and Tier 2 Bonds from ‘Stable’ to ‘Under credit watch with developing implications’ due to the proposed amalgamation of Oriental Bank of Commerce and United Bank of India with Punjab National Bank.

Larsen & Toubro: The company’s water and effluent treatment business of L&T Construction has received two orders for project piped distribution network.

Thomas Cook (India): The company continues to expand its operational presence by opening a new office Sahakarnagar in Bengaluru.