by Ritmbarah Arora
Trident Ltd: The shares of Trident Ltd are among the top gainers today in the stock market. The share price surged 5.6% at Rs 6.8 with around 7 lakh shares in volume traded today so far. As per Trendlyne data, the share price has decreased by 3.2% since the last week. The shares of Trident have been falling since last five trading sessions straight.
On December 10, 2019, the company announced monthly production data for November 2019. The production of bath linen declined 6.1% to Rs 2,737 metric tonnes in November 2019 over 2,914 metric tonnes in November 2018 in the home & textiles division. Chemical production rose 1.43% to 8,281 metric tonnes in November 2019 over 8,164 metric tonnes in November 2018. Trident had reported a consolidated net profit of Rs 139.8 crore, a rise of 26.8% and a decline of 4.3% in net sales to Rs 1,340.7 crore in Q2FY20 as compared to Q2FY19. The stock is listed in 24 screeners on Trendlyne. Link
Vodafone Idea: The stocks of Vodafone Idea advanced 4.6% at Rs 6.9 as of this writing. Around 110.6 million shares in volume have been traded today so far. The share price of the company has decreased by 11.6% since the last week as per Trendlyne data. The shares of Vodafone Idea had hit its low of Rs 6.1 on Monday, December 9, 2019 because of concerns over statutory dues raised by its Chairman Kumar Mangalam Birla. The Chairman commented on Friday, December 6 that the India’s third largest mobile service provider, Vodafone Idea will shutdown if the government does not provide relief on the liability it faces in past statutory dues following a Supreme Court order.
Vodafone Idea is in talks with Brookfield Asset Management to sell its optic fibre business. The company is also in talks with Edelweiss Group for the sale of its data centre located at Navi Mumbai, Maharashtra. The fibre network business is valued at $1.5-2 billion and the data centre at $60-100 million. Vodafone Idea is listed in 15 screeners on Trendlyne. Link
Mahindra CIE Automotive: Mahindra CIE Automotive share price jumped 4.1% at Rs 157.4. Around 1.7 million shares in volume have been traded today so far. As per Trendlyne data, the share price has increased by 8.3% since the last week. Global research firm HSBC maintained a ‘buy’ call on Mahindra CIE Automotive on November 27, 2019. The initial target price mentioned by HSBC was Rs 300 which was downgraded to Rs 230 per share. An earnings CAGR of over 22% for CY19-21 is expected by HSBC. Mahindra CIE Automotive is listed in 15 screeners on Trendlyne. Link
Ipca Laboratories: The shares of Ipca Laboratories are among the top gainers today in the stock market. The share price surged 4.7% at Rs 1113.7 while around 66,700 shares in volume have been traded today so far. The shares of Ipca Laboratories decreased by 1.9% since the last week. The company reported a consolidated net profit at Rs 193.5 crore for Q2FY20. The company’s EPS increased to Rs 15.5 in Q2FY20 as against Rs 10.4 in Q1FY20. Ipca Laboratories is listed in 24 screeners on Trendlyne.
Ashoka Buildcon: The shares of Ashoka Buildcon advanced 4% at Rs 94.1 as of this writing. Around 3.9 lakh shares in volume have been traded today so far. As per Trendlyne data, the share price increased by 0.8% since the last week. The company had received a letter of award (LoA) from Uttar Pradesh Expressways Industrial Development Authority (UPEIDA) for the development of Bundelkhand Expressway Project in Uttar Pradesh on EPC basis on November 29, 2019. ICICI Direct had issued a ‘buy’ call on the stock with a target of Rs 120 on November 27, 2019. Ashoka Buildcon is listed in 20 screeners on Trendlyne. Link