The Baseline    
21 Nov 2019
Top Gainers in the News: Network18, Zee Entertainment, KNR Constructions, IRB Infra

by Ritmbarah Arora

Network18 Media & Investments Ltd: The share price of Network18 Media & Investments is amongst the top gainers in the stock market today. Japan headquartered Sony Corporation is in talks to acquire stake in Network18 Media and Investments Ltd. The acquisition discussion is still under preliminary stages and management says it is too soon to comment on anything. Investors are nevertheless enthused, and the share price has gone up by almost 17% after this news started trending. Network18 Media & Investments holds its position in around 15 screeners of Trendlyne.  Link


KNR Constructions Ltd: The share price of KNR Constructions increased by 7.7% and is amongst the top gainers today. Trendlyne had already published a report according to which the stocks of KNR Constructions are expected to hit a target price of Rs 275 as recommended by experts to buy this stock. The company recorded a volume of 73,948 shares which is around 9X the two-week average daily volume. KNR Constructions has its position in 22 screeners of Trendlyne so far. Link

Zee Entertainment Enterprises Ltd: The share price of Zee Entertainment Enterprises rose 15% in the early trade today and is amongst the top gainers as well. The promoter of the company, Essel Group is considering selling around 16.5% stake in the company. Post this transaction, the holding of Essel Group will come down to 5% in the company. The stake sale is being planned to clear the loan obligations to certain lenders of the group. The 16.5% stake sale will lower promoter debt by 58-65% to Rs 2,400-2,900 crore, as per MoneyControl. Zee Entertainment is listed in around 24 screeners of Trendlyne so far. Link

IRB Infrastructure Developers Ltd: The shares of  IRB Infrastructure Developers surged 12.6% to Rs 85.6 and is amongst the top gainers list today. Around 1.3 lakh shares were traded in the counter today as compared to average daily volumes of 1.3 lakh shares in the past one month. The stock had hit a record high of Rs 169.2 on December 21, 2018 and a 52-week low of Rs 56.1 on October 11, 2019.IRB Infrastructure is listed in around 19 screeners of Trendlyne so far with different queries. Link

 

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