The Board of Directors of Alkem Laboratories recommended a final dividend of Rs. 8 per equity share for the financial year ended March, 2019. Reacting to this announcement, the stock of Alkem Laboratories was up more than 3 per cent on Thursday.

The stocks that are likely to witness significant movement on the bourses on May 31 Palred Technologies, Natco Pharma, Alkem Laboratories, Sterlite Technologies and Signet Industries.

A settlement agreement has been signed between Natco Pharma and Onyx Therapeutics Inc. on patent litigation related to generic versions of 10mg, 30mg and 60mg of Kyprolis. Natco has partnered with Breckenridge Pharmaceutical, Inc., who will market the product in the United States.

The company's board approved investing surplus funds to increase its stake in real estate developer Duville Estates to 9.64 per cent. The shares were purchased at Rs. 83 per equity share.

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Cox & Kings owned MEININGER Hotels has signed an agreement to open a new hotel in Cologne. The hotel will open in 2022. The new hotel comprises a gross floor area of more than 7,900 sq.m. with more than 200 rooms.

Following stocks are close to their 52-weeks low as at 2:30 p.m. on May 30, 2019.

The markets on May 30, 2019 opened up. BSE Sensex is trading at 39,819.06, up by 317.01 points and the Nifty is trading at 11,946.15, up by 85.05 points. 

The Board of Repco Home Finance has recommended a dividend of Rs. 2.50 per equity share to the shareholders of the company for the financial year 2018-2019.

DCM Limited plans to raise capital of Rs. 50 crore by issuing equity shares to the shareholders of the company on a rights basis (Rights Issue).