Overnight Digest: Stocks to watch out on May 30
The stocks that are likely to witness significant movement on the bourses on May 30 are Adani Enterprises, Kabra Extrusiontechnik, Vodafone Idea, The Andhra Sugars and Cox & Kings Ltd.
Adani Enterprises: The company has reported over 5-fold jump in its net profit at Rs 331.19 crore for the Q4FY19 period against Rs 61.16 crore for the same quarter in the previous year. Total income of the company increased by 76.17 per cent at Rs 5,369.18 crore for Q4FY19 as compared Rs 3,047.74 crore for the corresponding quarter previous year.
Kabra Extrusiontechnik: The company has acquired land in Pune for its proposed project of manufacturing Lithium-ion battery packs and commercial production is expected to begin by December 2019.
Vodafone Idea: Company’s arm, Vodafone Idea Business Services (VIBS) has entered into strategic partnership with CtrlS, Asia’s largest Tier-4 Datacenter services provider. The collaboration will allow VIBS and CtrlS to bring together an enriched portfolio of innovative and differentiated products and services.
The Andhra Sugars Limited : The Company’s Board of Directors has recommended a Dividend of Rs. 10 per share on Equity Shares of the Company for the year ending March 31, 2019.
Cox & Kings Ltd.: The company is set to announce its Q4FY19 results on May 29