Overnight Digest: Stocks to watch out on June 4

The stocks those are likely to witness significant movement on the bourses on June 4 are Eicher Motors, Cadila Healthcare, Tata Consultancy Services, Triveni Engineering & Industries and SMS Lifesciences.

Eicher Motors: The company and Volvo Group’s joint venture VE Commercial Vehicles has reported sales of 4,801 units in May 2019 as compared to 5,977 units in May 2018, recording decline of 19.7%. This includes 4,750 units of Eicher brand and 51 units of Volvo brand.

Cadila Healthcare: USFDA has concluded inspection at the company’s manufacturing facilities located at St. Louis, MO, USA of Nesher Pharmaceuticals LLC which is 100 per cent subsidiary of Zydus Pharmaceuticals USA. The inspection concluded with 3 observations at one facility and 8 observations at the other facility of Nesher Pharmaceuticals with a recommendation for Voluntary Action Indicated.

Tata Consultancy Services: The company has launched MasterCraft TransformPlus 4.0, a major upgrade of the product, with new cognitive features for analysis and modernisation of legacy applications.

Triveni Engineering & Industries: Company has received approval for buyback of fully paid up equity shares of the company having a face value of Rs 1 each equity shares, not exceeding 1 crore equity shares, representing 3.88 per cent of the paid up equity share capital of the company as at March 31, 2019, at a price of Rs. 100 per equity share payable in cash for an aggregate amount not exceeding Rs. 100 crore.

SMS Lifesciences India: The company has recommended a dividend of Rs. 1.50 (15 per cent) per equity share of Rs. 10  each, for the financial year ended March 31, 2019.