DSIJ Mindshare

The Board of Directors of Amara Raja Batteries have recommended a final dividend of Rs. 5.08 per equity share (representing 508 per cent) on the equity share of Rs. 1 each fully paid up for by the end of the financial year March 31, 2019.

Sensex recovers stupendously by 488 points. Stocks to watch out on June 21 include Kewal Kiran Clothing, Glenmark Pharmaceuticals, MAN Industries, NTPC and PSP Projects.

India Ratings and Research has downgraded Jain Irrigation’s long-term issuer rating to 'IND BBB' from 'IND A-' and has placed it on a ‘Rating Watch Negative’(RWN). Reacting to this development, the stock of the company plunged by 28.10 per cent.

Mishra Dhatu Nigam Limited (MIDHANI) signs an MoU with Hindustan Antibiotics Limited (HAL). This MoU will provide synergy for quality manufacturing of MIDHANI’s Bio-medical Implants and get access to the pan-India distribution of HAL. This partnership is aimed to gain advantage from the strengths of both the companies and benefit users of Bio-medical products in India.

The stocks to keep a watch on June 19 are Jet Airways, Interglobe Aviation, VA Tech, KNR Constructions, and Star Cement.