by Ritmbarah Arora
IndusInd Bank: The shares of IndusInd Bank skyrocketed 24.9% to Rs 331.4. Around 3.5 million stocks in volume have been traded so far. The stock price has fallen 15.2% since the past week and 66.8% since the last month.
Europacific Growth Fund has sold 35.8 lakh shares of IndusInd Bank in a bulk deal at an average price of Rs 298.8 per share. The stocks fell continuously for eight straight trading sessions before rising today. Global rating agency Moody’s had revised the outlook on the bank’s instrument from ‘stable’ to ‘negative’ for the risk on further asset quality deterioration in February. IndusInd Bank is listed in 46 screeners on Trendlyne.
Bandhan Bank: The stocks of Bandhan Bank jumped 29.9% to Rs 170.2 as of this writing. Around 4.4 million shares in volume have been traded so far. The share price tanked 4.7% since the last week and 51.5% since the last month, per Trendlyne data.
Business Standard had issued a ‘buy’ call on Bandhan Bank at a target of Rs 265 at a stoploss of Rs 225 as the stock showed a sign of oversold on RSI indicator. The bank is listed in 35 screeners on Trendlyne.
JK Paper: JK Paper’s share price rallied 16.1% to Rs 80.3 while around 1.3 million stocks in volume have been traded so far. The stock price gained 1.8% since the last week and is down 33.8% since the last month. JK Paper is listed in 41 screeners on Trendlyne.
Sun Pharma Advanced Research Company: The stock price of Sun Pharma Advanced Research Company rose 15.8% to Rs 97.5. Around 1.2 million shares in volume have been traded so far today. The share price is up 4.6% since the last week and decreased 37% since the last month. Around 31 lakh equity shares were pledged in favour of Bajaj Finance Limited in respect of loan facility availed by third party on March 11, 2020. Sun Pharma Advanced Research Company is listed in 32 screeners on Trendlyne.
Info Edge (India): The share price of Info Edge (India) surged 15% to Rs 2,102.5 as of now. Around 1.6 lakh shares in volume have been traded so far. The stock price is up 6.3% since the last week and has fallen 19.5% since the last month.
Info Edge (India) has entered into an agreement to invest about Rs 7 crore, through its wholly-owned subsidiary in MedCords Healthcare Solutions. Info Edge has also agreed to invest another Rs 8 crore in an education services startup Univariety. Info Edge (India) is listed in 34 screeners on Trendlyne.