by Ritmbarah Arora
eClerx Services Ltd: The shares ofeClerx are on the top list of gainers since Friday, November 22. Around 62,475 shares in volume have been traded so far today which is a 6.3X over two-week average daily of 9,900 shares. The stock has increased by 14.6% to Rs 575.7.
The Q2FY20 results were announced on November 8 where the company reported an incremental improvement in outlook and was upgraded by analysts and brokers to buy this stock. While the target price to buy this stock was Rs 500 by Reliance Securities on November 8, the stock has already crossed that bar and reached to Rs 575.7. The price to earnings ratio is 10.3 of this company based on last twelve months. eClerx has made its place in25 screeners of Trendlyne so far as against 23 screeners on Friday.Link
Aditya Birla Capital Ltd: The shares ofAditya Birla Capital have made second place in the list of top gainers today. The company reported a consolidated net profit of Rs 256 crore for Q2FY20, with a profit of Rs 186 crore. The 37% growth in net profit shows the strength of the diversified business portfolio with 8% growth in revenue and 4% in its overall lending book. The shares of the company surged 10.6% at Rs 110.8. Around 19 million shares have been traded so far in volume. Aditya Birla is listed in25 screeners of Trendlyne. Link
Corporation Bank: The shares ofCorporation Bank are one of the companies listed in the top gainers of the stock market today. Around 1.5 million shares have been traded today in the share market. The share price increased by 7.1% at Rs 25. Today, Corporation Bank announced that the Government of India, Ministry of Finance and Department of Financial Services has accorded its in-principle approval to the proposed amalgamation of Corporation Bank and Andhra Bank into Union Bank of India, through its Alternative Mechanism. The bank is listed in15 screeners of Trendlyne.Link
Adani Green Energy: The shares of Adani Green Energy Ltd have hit its new high today. The shares surged 7% at Rs 115 with huge trading volumes with a combined 2.4 million shares in the first half-an-hour of trading today. Rating agency India Ratings and Research commented on the performance, “ Higher-than-expected operational performance of the special purpose vehicles (SPVs), availability of strong liquidity buffers leading to consolidated interest coverage ratio above 2.0 times on a sustained basis, and reduction in ratio of under construction assets to operational assets would be positive for the ratings". The company reported a profit of Rs 102 crore in its September quarter results and is listed in30 screeners of Trendlyne.Link
Vodafone Idea Ltd: The shares of Vodafone Idea is among the top gainers today. The share price of the stock nearly doubled in the last week with an expectation of a government relief package. The government provided relief in the form of a two-year moratorium on spectrum-related dues amounting to Rs 42,000 crore of financial support. Around 8 crore shares have been traded today so far making it among the most traded stock on the NSE today. “To ensure that its customers continue to enjoy world-class digital experiences, Vodafone Idea will suitably increase the prices of its tariffs effective December 1, 2019,” the company said.. The company is listed in15 screeners of Trendlyne so far.Link