Stock to Watch

!COFORGE - has signed a definitive agreement to acquire 100% shares of Encora from Advent International (Impact: Neutral to Positive) SIGACHI - MD & CEO was remanded in connection with the ongoing investigation relating to the fire incident at the company’s Hyderabad unit (Impact: Negative) !VEDL - company has been declared the successful bidder for the Depo Graphite–Vanadium block (Impact: Positive) AVANTEL - company has received a contract worth Rs 4.16 crore for CAMC of Satcom equipment from the Ministry of Defence (Impact: Positive) !PNB - reported a borrowal fraud of Rs 2,434 crore to the RBI against the erstwhile promoters of SREI Equipment Finance and SREI Infrastructure Finance. (Impact: Negative)