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The Baseline
05 Dec 2019
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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