Overnight Digest: Stocks to look out on July 12

Source: dsij.in

The stocks to look out on July 12 include HFCL, BHEL, Bharat Forge, Glenmark Pharmaceuticals and Tata Global Beverages.

Himachal Futuristic Communications Limited (HFCL): HTL which a subsidiary of the company gets an order of Rs. 198.82 crore from Bharat Electronics Limited for supply of optical fibre cables.

Bharat Heavy Electricals Limited (BHEL): Credit rating agency CARE reaffirms CARE A1+ rating for the company’s commercial paper of Rs. 8,000 crore.

Bharat Forge: The company’s 51 per cent subsidiary Kalyani Rafael Advanced Systems Private Limited receives order of US$100 million to supply 1,000 Barak -8 MRSAM missiles kits for the Indian Army and Air Force.

Glenmark Pharmaceuticals: Fitch Ratings reaffirmed the company’s credit rating at ‘BB’ with outlook ‘stable’.

Tata Global Beverages: Tata Starbucks, which is a 50-50 per cent joint venture between Tata Global Beverages and Starbucks Coffee US, is planning to widen its presence in two new cities in India.