Overnight Digest- Stocks to look out for on May 19

DSIJ Intelligence / 18 May 2017

The stocks which are expected to witness significant movement on May 19 are TD Power Systems Limited, Eimco Elecon (India) Limited, IDBI Bank, Dhanuka Agritech/Grasim and Sutlej Textiles and Industries Limited.

The stocks which are expected to witness significant movement on May 19 are TD Power Systems Limited, Eimco Elecon (India) Limited, IDBI Bank, Dhanuka Agritech/Grasim and Sutlej Textiles and Industries Limited.

TD Power Systems Limited :- The company has informed the exchange that the board of directors at its meeting held on May 18, 2017 has recommended a dividend of Rs 1.80 per share for the year ended March 31, 2017, if declared at the forthcoming Annual General Meeting.

Eimco Elecon (India) Limited: -The company has informed the exchange that the board of directors at its meeting held on May 18, 2017 has recommended a dividend of 50% ( Rs 5 per equity share) on 5768385 fully paid equity share of Re 10 each for the financial year 2016-17.

IDBI Bank :- The stock tumbled more than 9 per cent on Thursday after the company posted poor Q4 results. The stock may remain in focus in tomorrow's trading session.

Dhanuka Agritech/Grasim : - These companies will be declaring their Q4 results tomorrow and may exhibit some volatility.

Sutlej Textiles and Industries Limited:- The company has informed the exchange that the board of directors at its meeting held on May 18, 2017 has considered and approved the sub-division of each of the equity shares of the company presently having a face value of Rs 10 into 10 equity shares having a face value of Re 1 each.

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