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 this Q2FY20 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
