Overnight Digest: Stocks to watch out on May 24

The stocks that are likely to witness significant movement on the bourses on May 24 are Suven Life Sciences, Eros International, Reliance Capital, Rane (Madras) and TVS Srichakra.

Suven Life Sciences: Company has completed the last patient last visit (LPLV) for its Phase 2 POC study of SUVN-502 for moderate Alzheimer’s disease. The company expects to report the top-line data of this study at Alzheimer’s Association International Conference (AAIC) on July 17, 2019 at Los Angeles.

Eros International Media: Compay’s parent company, Eros International Plc’s South Asian entertainment platform, Eros Now has partnered with Paytm First, for a subscription-based reward and loyalty program from Paytm.

Reliance Capital: Company has signed binding definitive agreements with Nippon Life Insurance of Japan to exit its stake in Reliance Nippon Life Asset Management (RNAM). Both partners currently hold 42.88 per cent each in the company, while the rest is with public shareholders.

Rane (Madras) Limited: The Board of Directors has recommended a final dividend of Rs. 4.50 per equity share on 11,973,171 equity shares of Rs.10 each fully paid up, for the financial year 2018-19.

TVS Srichakra Limited: Company has informed that Board has recommended a dividend of Rs. 40 per share (400 per cent) on the face value of Rs. 10 per share for the financial year 2018-19.