Deshbandhu downgraded

Deshbandhu Polymer has been downgraded from “A” to “B” category with effect from December 26 as the company approved 5 percent cash dividend for the year which ended on June 30, 2018.

A company is downgraded to “B” category if it offers dividend below 10 percent. The downgrading means stock investors will not get loans to buy the company's stocks.