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    The Baseline

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    The Baseline
    18 Dec 2019
    The best performing IPOs of 2019

    The best performing IPOs of 2019

    by RItmbarah Arora

    While the year 2019 was a volatile one for the share market, it has been a great year for those who invested in Initial Public Offerings (IPOs), as most IPOs gave bumper returns post listing. Around 92% of stocks of the companies listed in 2019 have performed well, as they have been trading above the listing price. Here’s a quick review of the IPOs performance in the year 2019.

    • Xelpmoc Design & Tech IPO:Xelpmoc Design & Tech is a technology, analytics and design company. The subscription date for the IPO was between January 23-25, 2019 at a price band of Rs 62-66 per share. The total IPO size was Rs 23 crore with a minimum bid size of 200 shares. On the day of listing on February 4, 2019, the share opened at Rs 57, down 9.5% from the IPO price though the IPO was subscribed 2.7 times.

    • Chalet Hotels IPO: Part of the K. Raheja Corp, Chalet Hotels Limited (CHL) is an owner, developer and asset manager of high-end hotels in key metro cities in India. All the hotels of Chalet are branded with globally recognized brands such as JW Marriott, Westin, Four Points by Sheraton, etc. The subscription date for the IPO of Chalet Hotels was between January 29-31, 2019 with a price band of Rs 275-280 per share and a minimum lot size of 53 shares. The total IPO size was between Rs 1,628 – 1,641 crores. On the day of listing, February 7, the stock debuted at Rs 294 per share which is 5% up from IPO price.

    • Embassy Office Parks REIT IPO:Embassy Office Parks REIT operates as a real estate investment trust. Serving customers in India, the company acquires and develops commercial buildings, offices, IT parks and industrial areas. The subscription dare for the IPO of the company was between March 18-20, 2019 with a price band of Rs 299-300 per share and a minimum size lot of 800 units. Total IPO size was between Rs 3,873 – 3886 crores. On the day of listing, the stock opened at Rs 308 per unit and closed at Rs 314.67 per share, up by 4.89% from the IPO price.

    • Rail Vikas Nigam IPO:Rail Vikas Nigam Ltd is an organization associated with Indian Railways. Incorporated by Ministry of Railways, a Miniratna, the company builds engineering works and railway projects. The subscription dates for the IPO was between March 29 - April 3, 2019 at a price band of Rs 17-19 per share. Total IPO size was between Rs 430.8 – 481.5 crore with a minimum lot size of 780 shares. The listing was done on April 11, 2019 when the price of the share was Rs 19 per share and closing price of Rs 19.05, up by 0.3%. The IPO was subscribed 1.8 times on the final day of the bidding process. The present share price of the company is Rs 23.

    • Polycab IPO: Incorporated on January 10, 1996, Polycab is the largest manufacturer of wires and cables. With approximately 18% of the organized wires and cables industry and around 12% of the total wires and cables industry in India, the company is engaged in the manufacture of PVC insulated power cables, house wires, telephone cables, optical fibre cables, switch-board cables and quad cables. The subscription dates for the IPO was between April 5-9, 2019 with a price band of Rs 533-538 per share. Total IPO size was between Rs 1,337 – 1345.9 crores with a lot size of 27 shares. The listing of the stock was on April 16, 2019 when the share price went up by 17.7% at Rs 633 per share. The closing price was Rs 654.8 per share, up by 21.7%.

    • Metropolis Healthcare IPO:Metropolis Healthcare provides medical and laboratory services to patients worldwide. The company provides pathology testing, imaging, nuclear medicine, clinical traits and home healthcare services. The subscription dates for the IPO was between April 3-5, 2019 at a price band between Rs 877-880 per share. Total IPO size was Rs 1,200-1,204 crores with a minimum bid size of 17 shares. On the day of listing, the stock debuted at Rs 958 per share, up 8.9% from the IPO price.

    • Neogen Chemicals IPO: Incorporated on March 7, 1989, Neogen Chemicals is one of the leading manufacturers of bromine-based and lithium-based specialty chemicals. The company manufactured an aggregate of 198 products comprising 181 organic chemicals and 17 inorganic chemicals. The subscription dated for the IPO was between April 24-26, 2019 at a price band between Rs 212-215 per share. Total IPO size was between Rs 131.5-132.4 crores with a minimum lot size of 65 shares. On May 8, 2019, the day of listing, the stock price opened at Rs 251 per share and closed at Rs 263.6, up 22.6% from the IPO price.

    • IndiaMart InterMESH IPO:IndiaMart InterMESH is an e-commerce company which provides B2B, B2C and customer to customer sales services via web portal. The subscription date for the IPO of the company was between June 24-26, 2019 at a price band between Rs 970-973 per share. Total IPO size was between Rs 474 – 475.6 crores with a minimum bid size of 15 shares. On the day of listing on July 4, 2019, the stocks opened at Rs 1,180 per share and closed at Rs 1,301.9, up 33.8% from the IPO price. IndiaMart IPO was fully subscribed by the second day of bidding and oversubscribed by 36 times by the end of the final day.

    • Affle IPO: Founded in 2005, Affle is a global technology company with a proprietary consumer intelligence platform which delivers consumer engagement, acquisitions and transactions through relevant mobile advertising. The subscription date for the IPO was between July 29-31, 2019 at a price band of Rs 740-745 per share. Total IPO size was between Rs 456.5- 459 crores with a minimum lot size of 20 shares. On the day of listing, August 8, 2019, the share price opened at Rs 926 per share, up 24.3% from the IPO price. The IPO got subscribed 86 times on the final day of bidding process.

    • Spandana Sphoorty IPO: Incorporated in 2003, Spandana Sphoorty is a NBFC-Microfinance institution focusing on rural areas. The subscription date for the IPO was between August 5-7, 2019 at a price band of Rs 853-856 per share. The total IPO size was Rs 1,198-1,200.9 crore with a minimum lot size of 17 shares. On August 19, 2019, the day of listing, Spandana Sphoorty opened at Rs 825, down 3.6% from the IPO price.

    • Vishwaraj Sugar IPO: Incorporated in 1995, Vishwaraj Sugar Industries has an integrated sugar-based unit producing sugar, power spirits (including IML, industrial spirits and ethanol) and compost. The subscription date for the IPO was between September 30 - October 4, 2019 at a price band of Rs 55-60 per share. Total IPO size was between Rs 55-60 crore with a minimum bid size of 240 shares. On the listing day, October 15, 2019, the share price when up by 2% upon opening at Rs 61.2 per share. The shares were fully subscribed by the last day of the bidding.

    • IRCTC IPO: A subsidiary of Indian Railways, IRCTC handles catering, tourism and online ticketing operations. With around 5,50,000 to 6,00,000 bookings every day, it is the world’s second busiest and highest ticket booking platform. The subscription date for the IPO was between September 30 – October 3, 2019 at a price band of Rs 315-320 per share. Total IPO size was between Rs 627.9 – 637.9 crore with a minimum lot size of 40 shares. On the day of listing on October 14, 2019, the stocks showed a bumper opening. The opening price was Rs 626 and closing price Rs 727.7 which was up 134.8% from the IPO price. This was the biggest stock debut in the last two years, subscribed 112 times.

    • CSB Bank IPO: With a network of over 426 branches, CSB Bank is the oldest private bank. The bank offers a wide range of products and services including SME, retail and NRI customers. The subscription date for the IPO was between November 22-26, 2019 at a price band of Rs 193-195 per share. The total IPO size was Rs 405.7-409.7 crore with a minimum bis size of 75 shares. On December 4, the day of listing, the stock opened at Rs 275 per share and closed at Rs 300.4, up 54% from the IPO price. The IPO was fully subscribed on day 1 of the opening.

    • Ujjivan Small Finance Bank IPO: Under Section 22(1) of the Banking Regulation Act, 1949, Ujjivan Small Finance Bank is licensed to carry out small finance bank businesses. The bank received the status of ‘scheduled bank’ from the Reserve Bank of India in August 2017. The subscription date for the IPO was between December 2-4, 2019 with a price band of Rs 36-37 per share. Total IPO size was Rs 750 crore with a minimum lot size of 400 shares. On the say of listing on December 12, the stock opened at Rs 58.8 per share, up 58.8% from the IPO price. The IPO was subscribed more than 165 times and witnessed the highest subscription among the IPOs since January 2018.

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    The Baseline
    06 Dec 2019
    Screener: Stocks with Sloan Ratios in the danger zone

    Screener: Stocks with Sloan Ratios in the danger zone

    The Sloan Ratio Screener is a Red Flag screener that looks at companies with an unusual amount of accruals in earnings. 12 companies qualify - all 12 companies are also classified as IE (Ineligible) for a Durability Score because of issues with their balance sheets. 

    The Sloan Ratio is a metric that looks at company earnings, and identifies stocks that have red flags in their numbers. The ratio checks specifically whether the earnings of a company contain a lot of non-cash value - accruals that are items like changes in account receivables, unbilled service fees (where no cash has been exchanged). 

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    The Baseline
    06 Dec 2019
    Top Gainers in the News: MMTC, Eris, Bharti Infratel, FDC, Narayana Hrudayalaya

    Top Gainers in the News: MMTC, Eris, Bharti Infratel, FDC, Narayana Hrudayalaya

    by Ritmbarah Arora

    MMTC: The shares of MMTC Ltd are among the top gainers in the stock market today. The share price advanced 12.8% at Rs 20.3 while around 8.3 million shares in volume have been traded today so far. The trading volume was almost 50 times the 20-day average. Among the shares traded, 20% were at the ask price while other 29% at the bid.  

    MMTC had placed a fresh order of 4,000 tonnes of onions from Turkey, as per an official statement. This order is in addition to the already placed order of 17,000 tonnes of onions, 11,000 tonnes from Turkey and 6090 tonnes from Egypt. As per the data on Trendlyne, the stock price has increased over 12.5% since the last week. MMTC is listed in 19 screeners on Trendlyne. Link

    Eris Lifesciences: The shares of Eris Lifesciences advanced 5.7% at Rs 468.6 as of this writing. Around 1.4 lakh shares have been traded today in volume so far. The share price of Eris Lifesciences had already gained 3% on December 4 following the acquisition of trademark Zomelis. Citigroup has issued a ‘buy’ call on the stock in the long term and raised target price to Rs 750 from Rs 730. The company had reported consolidated sales of Rs 280.5 crore as against Rs 271.9 crore in Q2FY19. Net profit after tax was at Rs 92.7 crore in Q2FY20. The price of the stock has increased by 1.9% since the last week, as per Trendlyne data. Eris Lifesciences is listed in 15 screeners on Trendlyne. Link

    FDC Ltd: The shares of FDC Ltd surged 5% to Rs 207.9 with around 1.2 lakh shares traded in volume so far. FDC Ltd is a pharmaceutical company engaged in the manufacture of specialized formulations and oral rehydration salts. The stock price has increased by 1% only since the last week, as per Trendlyne data. FDC Ltd is listed in 22 screeners on Trendlyne.

    Bharti Infratel: The shares of Bharti Infratel rose 4.7% to Rs 257.5 and round 14.1 million shares in volume have been traded so far. The stock price has decreased by 6.8% since the last week, as per the data on Trendlyne. Bharti Infratel is listed in 11 screeners on Trendlyne.

    Narayana Hrudayalaya: The shares of Narayana Hrudayalaya surged over 4% at Rs 309 as of this writing. Around 5.7 lakh shares in volume have been traded today in the stock market. Narayana Hrudayalaya plans to establish a 130 bedded hospital project in Nairobi, Kenya announced in 2016. The plan then couldn’t proceed due to the inability to fund the project by a financial institution partner. As per data on Trendlyne, the stock price has increased over 4% since the last week. Narayana Hrudayalaya is listed in 28 screeners on Trendlyne.

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    The Baseline
    05 Dec 2019
    Top Gainers in the News: NESCO, Navabharat Ventures, Hathway Cable, Edelweiss

    Top Gainers in the News: NESCO, Navabharat Ventures, Hathway Cable, Edelweiss

    by Ritmbarah Arora

    Nava Bharat Ventures: The shares of Nava Bharat Ventures are among the top gainers today. The shares surged 14.7% at Rs 80.3 with around 3.58 lakh shares traded today in volume so far. Ashwin Devineni, promoter of Nava Bharat Ventures acquired 81,000 shares on December 2 and 3. The company is a diversified group with businesses in metals manufacturing, power, mining, agribusiness and healthcare. The price of the stock has increased by 18.2% since last week. Nava Bharat Ventures is listed in 20 screeners on Trendlyne.

    Nesco Ltd: The shares of Nesco Ltd advanced 7.8% at Rs 657.3 as of this writing. The share price touched its high at Rs 666.3 today. Around 1.17 lakh shares in volume have been traded today so far. Nesco posted a strong net profit growth, high net cash amid consistent operational cash flows in its September FY20 quarter results. Strong net profit growth of 50% YoY in the quarter was accompanied by operating cash flow post tax growth of 12% YoY. Nirmal Bang had recommended a ‘buy’ call for this stock with a target price of Rs 937 on November 13, 2019. The price of the stock has increased by 7.3% since last week. Nesco Ltd is listed in 19 screeners on Trendlyne.

    Edelweiss Financial Services Ltd: The shares of Edelweiss Financial Services are among the top gainers today. The share price surged 5% at Rs 118.8 with around 1.8 million shares in volume traded today so far. The shares of the company had slumped 4.7% on December 3 and regained today in the stock market. Edelweiss Financial Services provides investment banking and advisory services and holding investments. The price of the stock has decreased by 1.9% since the last week. Edelweiss Financial Services are listed in 16 screeners on Trendlyne.  

    Indiabulls Integrated Services: The shares of Indiabulls Integrated Services are gaining for the third day in a row. The share price advanced 5% at Rs 87.2 while around 1.73 lakh shares in volume have been traded today so far. The share price has been surging by 5% every day since Tuesday, December 3. The price of the stock has increased by 27.5% since the last week. Indiabulls Integrated Services is listed in 15 screeners on Trendlyne.

    Hathway Cable & Datacom Ltd: The shares of Hathway Cable & Datacom surged over 5% at Rs 21.6 as of this writing. Around 8 lakh shares in volume have been traded today so far. Hathway Cable & Datacom is a cable television service operator acquired by Hathway Investments Pvt Ltd in 1999. The share price of the company increased by 6.5% since the last week. Hathway Cable & Datacom is listed in 16 screeners on Trendlyne.

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    The Baseline
    04 Dec 2019
    Screener: Stocks bought by Mutual Funds in the Past Month

    Screener: Stocks bought by Mutual Funds in the Past Month

    The Mutual Fund Screeners track stocks where MFs have changed their holdings in the past one month, two months and three months. This Mutual Fund Screener looks specifically for stocks where MFs have increased their holdings last month. Stocks seeing positive shifts in MF holdings include Hawkins Cookers, Sharda Motor Industries, Kalyani Investment. See the full MF screener.

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    The Baseline
    03 Dec 2019
    Top Recommendations by Analysts this Week

    Top Recommendations by Analysts this Week

    by Ritmbarah Arora

    “If you don’t study companies, you will have the same success with stocks as you do in a poker game, when you bet without looking at your cards”- Peter Lynch on investing. Before someone decides to invest in a particular company, thorough research is necessary before putting in hard earned cash.

    Based on reports on Trendlyne, here are the top five stocks recommendations by analysts this week, and their rationale:

    • Symphony Ltd Recommended by Axis Direct: Headquartered in Ahmedabad, Gujarat, Symphony Ltd manufactures products like domestic air coolers and industrial air coolers. Having operations in about 60 countries, Symphony is known for the world’s largest functioning air cooler, as certified by the Guinness World Records.Axis Direct recommended buying Symphony with a target price of Rs 1,448 on November 29. The price at recommendation was Rs 1,148 and since then, the stock has seen an incremental growth of 31.1%. Symphony reported higher revenues, both on standalone and consolidated levels in Q2FY20. Revenues grew 13% YoY at Rs 272 crore as against Rs 240 crore in Q2FY19. The gross margins stood at 47.4% during the quarter over 46.3% in Q2FY19. The EBITDA margins improved to 23.2%, up 525 bps YoY while the consolidated Net PAT increased by 57% to Rs 58 crore as against Rs 37 crore in Q2FY19. Axis Direct expects the revenue of Symphony to grow at 20% CAGR between FY19-21E.

    • Bank of Baroda Recommended by Geojit BNP Paribas: Headquartered in Vadodara, Gujarat, Bank of Baroda is the third largest public sector bank and the second bank by assets in India. The bank has a network of 9583 branches and 10,442 ATMs in India and overseas. On September 17, 2018, the Government of India had announced the merger of Bank of Baroda, Vijaya Bank and Dena Bank, to create the country’s third largest lender. The merger was in effect from April 1, 2019. Geojit BNP Paribas has recommended to buy Bank of Baroda with a target price of Rs 113 on November 27. The price at recommendation was Rs 104.9 and since then, the bank’s share price has observed an incremental growth of 7.9%. Post the merger, Net Interest Margin (NIM) improved 19 bps sequentially to 2.8% led by 22 bps QoQ improvement in domestic margins. Net advances witnessed a meagre growth of 0.7% QoQ, with domestic advances flat YoY. The cost to Income ratio stood at 45.8% as against 49.2% in Q2FY20. The bank’s rating profile has improved with 26.1% of the loans falling in the BBB and below rating compared to 32.1% in Q1FY20.

    • VRL Logistics Recommended by BOB Capital Markets: Headquartered in Hubballi, Karnataka, VRL Logistics Limited has operations in around 23 states of India and 4 Union Territories. The business operation of the company includes road transportation, logistics, publishing, etc. VRL Logistics is one of the largest logistics and transport companies in India with 419 tourist buses and 3,941 transport goods vehicles. BOB Capital Markets recommended to buy VRL Logistics with a target price of Rs 330 on November 28. The company has seen an incremental growth of 17.8% since the time of recommendation at Rs 274.1. Despite a prolonged growth slowdown, competitive moats of the company are intact with a wide network, vast scale of operations, and cost and capital efficiency. BOB Capital Markets expects VRL Logistics to outperform the industry once the economic cycle turns, by virtue of its superior business model. The broker estimates a moderate 6% topline CAGR over FY19-FY22, though earnings are forecast to log a 14% CAGR due to a lower tax rate.

    • VIP Industries Recommended by IDBI Capital: Mumbai headquartered VIP Industries manufactures luggage and travel accessories. The company is the world's second largest and Asia’s largest maker of luggage and has more than 8,000 retail outlets across India and a network of retailers in 50 other countries. IDBI Capital has recommended buying VIP Industries with a target price of Rs 574 on November 28. The price at recommendation was Rs 436.9 and then, the company has observed an incremental growth of 35%.  The company is a leader in an industry dominated by unbranded players. IDBI Capitals expects the sale/EBITDA/net profits of the company to grow at a CAGR of 11%/25%/20% over FY19-22E. VIP is the leader inorganized luggage segment in India with a market share of 46%.

    • L&T Finance Holdings Recommended by Motilal Oswal: Based out of Mumbai, L&T Finance Holdings provides consumer financial products and services. The company is engaged in the business of providing auto, two-wheeler and loyalty finance loans, as well as real estate finance and wealth management services. Motilal Oswal recommended buying L&T Finance Holdings with a target price of Rs 130 on November 27. CRISIL rated the company ‘AAA’ in October 2019 on the back of a diversified loan and borrowing book. Profitability of the business has been largely intact over the past four quarters with a stable RoE of 16%. The company is poised to deliver steady retail loan growth, increasing share of AMC profits and healthy RoE. 

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    The Baseline
    29 Nov 2019
    Top Gainers in the News: Future Retail, Adani Gas, Adani Transmission, Gayatri Projects

    Top Gainers in the News: Future Retail, Adani Gas, Adani Transmission, Gayatri Projects

    by Ritmbarah Arora

    Future Retail: Future Retail is on the top of the list of top gainers today in the stock market. The shares surged up to 13% at Rs 370 and reached a high of Rs 387.9 in the early trading hours, as of this writing. Around 1 million shares in volume have been traded today so far. The news of Competition Commission of India (CCI) approving of Amazon.com NV Investment Holdings’ proposal to acquire about 49% share in Future Coupons (FCL), a subsidiary of Future Group has driven up share price. The stocks of Future Retail fell 6% to Rs 323.6 on November 15 after the company reported a decline in its consolidated net profit for the Q2FY20. As per Trendlyne data, the stock price has increased by 12.1% in this week. The stock is listed in 20 screeners on Trendlyne. Link

    Adani Gas: The shares of Adani Gas have gained in the stock market for third consecutive day and is among the top gainers today rising 10% intraday. Around 7.2 million shares in volume have been traded today so far. CCI has approved the acquisition of stake in the company by Total Group on November 28, post which the stock price continued to rise. The deal is expected to bridge the energy deficit and enhance the supply of natural gas in India. Adani gas shares are up by 11.4% as per Trendlyne data. The stock is listed in 23 screeners on Trendlyne. Link

    Indiabulls Housing Finance: The shares of Indiabulls Housing Finance initially advanced 12.5% at Rs 376.7 and was among the top gainers today. The price advanced after a Government affidavit released which mentioned that no irregularities in loans extended by the company to certain entities were found as alleged in a public interest litigation (PIL). By afternoon however, share price fell sharply after the Delhi High Court adjourned the Citizen Whistle Blower Forum PIL against the firm to Feb. 28, 2020.
    Global firm CLSA maintained ‘buy’ call on the stock with a revised target of Rs 450. CLSA said, “MCA affidavit should abate concerns”. The stock is listed in 22 screeners on Trendlyne. Link

    Adani Transmission Ltd: The shares of Adani Transmission increased 12% to Rs 315 today and is among the top gainers in the stock market. Around 1.2 million shares in volume have been traded today so far. Adani Transmission belongs to the Adani group and because of the news of approval from CCI for the acquisition of stake in the company by Total Group, the share price surged of the complete Adani Group stocks. The shares of Adani Transmission are up by 16.3% in this week as per Trendlyne data. The stock is listed in 26 screeners of Trendlyne.

    Gayatri Projects: The shares of Gayatri Projects are among the top gainers today. The price surged 10% at Rs 69.6 today and around 8 lakh shares in volume have been traded so far. The shares of the company had hit a four-year low of Rs 62.5 on Friday, November 22 and were locked in lower circuit band of 10% after the lenders to the company invoked pledged shares. CARE Ratings revised the ratings of long-term and short-term bank facilities of Gayatri Projects to ‘CARE D’ because of delay in servicing debt obligations. The shares advanced by 11.1% in this week as per the data on Trendlyne. The stocks of Gayatri Projects are listed in 17 screeners on Trendlyne.  

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    The Baseline
    28 Nov 2019
    Screener: Even with recent price rise, some stock PEs lower than long term averages

    Screener: Even with recent price rise, some stock PEs lower than long term averages

    One way to track how expensive a stock is, is not just with respect to its peers but also based on its own PE history. Even with recent upswings in share price, around 101 Nifty500 companies have current PEs that are less than 3 year, 5 year and 10 year PE averages. This screener (subscription, but screenshot above) includes GlaxoSmithKline Pharma, Jyothy Labs, Delta Corp, and Godrej Industries among the stocks with lower PE compared to long-term averages.

    It helps to look at share prices in time periods greater than a year. While stocks may look expensive at certain valuations, smart money follows stocks whose fundamentals are strong, but share price is depressed due to short-term dynamics. This may explain why some companies have been hitting fresh highs and gaining attention in the recent bullishness - this includes pharma stocks like GSK Pharma, which have recently seen an upswing. 

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    The Baseline
    28 Nov 2019
    Top Gainers in the News: Vodafone Idea, IIFL, Bharti Infratel, Indiabulls Housing, Corporation Bank

    Top Gainers in the News: Vodafone Idea, IIFL, Bharti Infratel, Indiabulls Housing, Corporation Bank

    Vodafone Idea: The shares of Vodafone Idea are among the top gainers today in the stock market. Around 259.5 million shares have been traded in volume so far and is leading the list of most traded stocks on NSE. The price of the share rose by 12.7% to Rs 6.7. Vodafone Idea is in need of an 83% jump in its average revenue per user (ARPU) according to latest reports to meet its cash needs by FY23. Kotak Institutional Equities estimates that annual cash outflow requirements would add up to Rs 30,100 crore by FY23, for which Vodafone Idea would need a monthly ARPU of Rs 196 which would further rise to Rs 212 in the absence of waivers on its AGR.

    On November 23, Care Ratings downgraded the rating of the company on its long-term bank facilities and non-convertible debentures (NCDs) due to significant erosion in overall risk profile post the judgement of Supreme Court on adjusted gross revenue (AGR) issue. Care Ratings downgraded the long-term bank facilities from A minus to BBB minus under credit watch with negative implications. Vodafone Idea is listed in 18 screeners of Trendlyne.

    IIFL Finance Ltd: Shares of IIFL Finance have continued to stay in the list of top gainers for second consecutive day after Wednesday, November 27. The share price of the company surged 12.4% at Rs 170.7 and 11.8% intraday to Rs 169.9 which is the highest since June 14, 2019. Around 9.4 lakh shares have been traded in volume so far. The shares of IIFL are up by 15.9% as per the data on Trendlyne. There is a buy call for IIFL Finance with a target price of Rs 195 and a stop loss of Rs 166 by the brokers. The company is listed in 27 screeners of Trendlyne.

    Bharti Infratel Ltd: The shares of Bharti Infratel witnessed a surge of 8% in its share price at Rs 243.4 and is among the top gainers in the stock market today. Around 16.3 million shares have been traded in volume so far. The company had reported a consolidated net profit of Rs 964 crore for Q2FY20, while consolidate revenue declined marginally YoY to Rs 3,638 as against Rs 3,668 in Q2FY19. Bharti Infratel is listed in 11 screeners of Trendlyne.

    Indiabulls Housing Finance: The shares of Indiabulls Housing Finance are among the top gainers today with an advance of 7.9% in the share price at Rs 289.3. Around 29.1 million shares in volume have been traded today so far. The shares of Indiabulls are up by 28% from the beginning of this week, as per Trendlyne data. Kunal Bothra, an independent analyst had issued a ‘buy’ call on these shares with a target price of Rs 280 which already crossed today. The share price at the time of recommendation was Rs 259.7 on November 26. Indiabulls Housing Finance is listed in 20 screeners of Trendlyne.

    Corporation Bank: The shares of Corporation Bank advanced 9.1% at Rs 25.1 and is among the top gainers and most traded shares in the stock market today. Around 4.8 million shares in volume have been traded so far. The bank was among the top gainers on November 25 after the announcement 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. Corporation Bank is listed in 21 screeners of Trendlyne.

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    The Baseline
    27 Nov 2019
    Top Gainers in the News: YES Bank, RBL Bank, DCM Shriram, Orient Refractories, ICICISec

    Top Gainers in the News: YES Bank, RBL Bank, DCM Shriram, Orient Refractories, ICICISec

    by Ritmbarah Arora

    YES Bank: The shares of YES Bank are among the top gainers today in the stock market primarily after the bank is looking at fundraising through the issue of fresh equity. The bank said in a regulatory filing that a meeting of the board of directors is scheduled on November 29 to consider and approve the raising of funds by issue of equity/equity-linked securities subject to necessary regulatory approvals. The share prices increased by 5.9% at Rs 66.9. YES Bank had incurred a loss of Rs 600.1 crore for Q2FY20 post which the share price had fallen drastically. The bank is in 26 screeners of Trendlyne. Link

    RBL Bank: The shares of RBL Bank hit 2-months high and are in the list of top gainers in the stock market today. The share price advanced 6% in intra-day trade at Rs 369 on a report that the bank is looking to raise up to Rs 2,000 crore through a qualified institutional placement (QIP) offering. RBL Bank had reported the worst quarter results thisQ2FY20 since its listing on August 31, 2016. The management commented on the quarter results, “Given the difficult credit environment, the bank has faced challenges in a few corporate accounts. As a matter of prudence, the bank has taken higher than required provisions on these accounts which have impacted bank’s bottom-line". The bank is listed in 11 screeners of Trendlyne.  Link

    DCM Shriram: The shares of DCM Shriram surged 5.7% at Rs 367 by entering the list of top gainers today. Around 3,40,000 shares in volume have been traded so far. The company had reported a net profit of Rs 119 crore for Q2FY20 which dipped by almost 30% as compared to Q2FY19. The company’s share price had advanced by 10% on November 25, 2019. The current price to earnings ratio of DCM Shriram stands at 6.3X based on rolling 12-month earnings. The company is listed in 20 screeners of Trendlyne.  Link

    Orient Refractories: The shares of Orient Refractories soared today. At its peak the share price increased 12.3% at Rs 241.4. Around 2,25,000 shares in volume have been traded so far. Orient Refractories is listed in  14 screeners of Trendlyne.

    ICICI Securities: The shares of ICICI Securities are on the list of top gainers today in the stock market. Around 5,50,000 shares in volume have been traded so far today. The stock price surged by 6.9% at Rs 335.7. The company had posted a revenue of Rs 418.2 crore for Q2FY20 as against Rs 458.1 crore in Q2FY19 and PAT of Rs 134.2 crore. There was a fall in the revenue of the company because of a decline in retail broking revenues and regulatory changes in mutual fund distribution business. MD and CEO, Vijay Chandok commented, “As a virtual financial supermarket, our continuing endeavour is to meet all the three need sets of our customers - wealth management and investments, protection of life and assets, and their borrowing needs". ICICI Securities is in 20 screeners of Trendlyne. Link

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