Overnight Digest: Stocks to look out for September 16

The stocks to watch out for September 16 include Altico, Lupin, Intellect Design Arena, ITD Cementation and Havells.

Altico Capital India Limited: The company reported default on interest payment of Rs. 19.97 crore on the external commercial borrowing (ECB) it had raised from Mashreqbank.

Lupin Limited: The pharma company received approval for propranolol hydrochloride extended-release (ER) capsules, 60 mg, 80 mg, 120 mg and 160 mg from Health Canada.

Intellect Design Arena Limited: Rating agency CRISIL has revised the company’s long term ratings to CRISIL A- and revised outlook to positive from stable.

ITD Cementation India Limited: The company received order from Central Public Works Department worth Rs. 1100 crore for redevelopment of General Pool Residential Colony in New Delhi, which includes a two-level basement, podium parking and facilities.

Havells India Limited: The company has launched a first of its kind completely square-shaped fan in India under the Aindrila range.