Overnight Digest- Stocks to look out for on May 22

The stocks which are expected to witness significant movement on May 22 are Chambal fertiliser, TCS, KEC International Limited,Tata Power Company and Vardhman Special Steels Limited.

Chambal Fertiliser :- The company will be declaring its Q4 results tomorrow.

TCS :-  Swissport has selected TCS as a strategic partner for its IT infrastructure and technology transformation. 

KEC International Limited :- KEC International Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 19, 2017, has recommended a dividend of Rs. 1.60/- (Rupee One and Paise Sixty only) per equity share of face value of Rs. 2/- each fully paid up (i.e. 80%) for the financial year ended March 31, 2017. 

Tata Power Company: - Tata Power Company Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on May 19, 2017 have recommended a dividend of Rs. 1.30 per Equity Share of Rs.1 each (@ 130%) to the shareholders for the year ended March 31, 2017.

Vardhman Special Steels Limited:- The company has informed the Exchange regarding Issuance of 1,35,70,000 Equity Shares of face value of Rs. 10 each pursuant to Rights Shares.