by Ritmbarah Arora
Suzlon Energy: The shares of Suzlon Energy are among the top gainers for the third consecutive trading session. The share price surged 14.8% to Rs 3.1 while it rose 19.6% to Rs 2.7 and was locked in upper circuit on Friday, January 3. Around 85.9 million shares in volume have been traded today so far. The shares of Suzlon Energy are up 59% since the last week and 37.8% since the last month. As per Economic Times, Suzlon Energy proposes to swap $1.6 billion of outstanding debt into 36 billion rupees of new debt, translating to a 68% discount. The company is listed in 16 screeners on Trendlyne.
Indian Energy Exchange: The shares of Indian Energy Exchange skyrocketed 8.5% to Rs 173.5. Around 1.3 million shares in volume have been traded today so far. As per Trendlyne data, the share price increased 21.8% since the last week and 21.3% since the last month. The electricity demand in the spot power market rose in December 2019, per Hindu Business Line. A statement from Indian Energy Exchange said, “The electricity market at IEX recorded a total trade of 4,768 million units in December 2019. The market witnessed a 51 per cent (year-on-year compared to December 2018) increase in traded volumes”. Indian Energy Exchange is listed in 14 screeners on Trendlyne.
Dishman Carbogen Amcis: The share price of Dishman Carbogen Amcis rose 4.9% to Rs 67.1. Around 1.2 million shares in volume have been traded today so far. The share price has fallen 18.4% since the last week and 45.6% since the last month. The share price of the company tanked 9% on Friday after India Ratings & Research (IndRa) downgraded the credit ratings outlook for long term and short-term facilities of the company from ‘Stable’ to ‘Rating Watch Evolving’. The Income Tax Department, following raids on the company properties, had reported finding unaccounted for money. Dishman Carbogen is listed in 15 screeners on Trendlyne.
Dewan Housing Finance Corporation: The shares of Dewan Housing Finance Corporation (DHFL) jumped 5% to Rs 16.9 as of this writing. Around 2.2 million shares in volume have been traded today so far. The share price increased 2.1% since the last week while it decreased 6.1% since the last month. The share price started shooting up in the early trade hours today after reports that the company received approval from Committee of Creditors (CoC) for resumption of disbursing home loans beginning with Rs 500 crore a month to prevent the decline in its loan book. DHFL is listed in 19 screeners on Trendlyne.
Indiabulls Integrated Services: The shares of Indiabulls Integrated Services have been locked in the upper circuit in every trading session since the last four days. The share price advanced 5% to Rs 104.9 while around 7.4 lakh shares in volume have been traded today so far. The share price increased 30.3% since the last week and 26.3% since the last month. Indiabulls Integrated Services is listed in 16 screeners on Trendlyne.