Overnight Digest: Stocks to watch out on June 21

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.

Kewal Kiran Clothing Limited: The Board of Directors of the company declared a first interim dividend at 110 per cent which is Rs. 11 per share on 1,23,25,037 equity shares of Rs. 10 each for the financial year of 2019-2020 to be paid on or after July 8, 2019.

Glenmark Pharmaceuticals: The company has been granted tentative approval by the United States Food & Drug Administration (USFDA) for Clindamycin Phosphate Foam, 1%, a generic version of EVOCLIN 1 Foam, 1%, of Mylan Pharmaceuticals Inc.  

MAN Industries (India): Promoters of the company which is one of the leading Large Diameter Pipe manufacturing company have purchased 12 lakhs shares in bulk deal and increased their shareholding from 41.92% to 44.02%.

NTPC: The company has won 160 MW of Solar capacities at a levelised tariff of Rs.2.50/unit, applicable for 25 years. This solar project shall be set up under EPC mode.

PSP Projects Ltd.: It has received a letter of intent (LOI) of work worth Rs. 601.40 crores (excluding GST) for Planning, Designing and Construction of Flat Type High Rise Buildings cum Commercial units including on site development with all infrastructure for EWS Housing Units.