What to watch. Magadh Sugar board to meet for results, bonus

The board of directors of Magadh Sugar & Energy will meet on Tuesday to consider the audited financial results for the financial year ended March 31, 2019, and to consider recommendation of dividend, if any. Besides, the company will also consider a bonus issue. If the board approves the proposal, it would be the maiden bonus issue from the sugar company. Shareholders of the company will closely monitor the results pronouncements besides the ratio of bonus shares.