by Ritmbarah Arora
Dish TV India: The shares of Dish TV India are among the top gainers today in the stock market. The share price surged over 15% at Rs 14.4 with around 60.6 million shares in volume traded today so far. The company’s share price advanced after Dish TV India clarified on the CARE rating downgrade. The company said the default in debt repayment was on account of a temporary cash shortfall due to peak payment commitments to suppliers.
“The company’s deferral to service the loan amount is due to bunching of repayment obligations and utilization of funds for other business requirements including, both capital expenditure and payment of operating liabilities to broadcasters and suppliers,” Dish TV India said. The Group CEO, Anil Dua also commented on the debt repayment timeline saying, “The company has debt of Rs 2,500 crore at current level and will be paying Rs 600 crore by March-end”. As per data on Trendyne, the shares of Dish TV India increased by 8.6% since the last week and is listed in 21 screeners. Link
Va Tech Wabag Ltd: The shares of Va Tech Wabag advanced 8.7% at Rs 14.4 as of this writing. Around 4.7 lakh shares in volume have been traded today so far. The share price of the company has increased by 2.9% since the last week as per Trendlyne data. The company has recently got an order of Rs 217 crore from Bangalore Water Supply and Sewerage Board (BWSSB). The company mentioned that Rs 194 crore worth order is for the construction of 60 MLD waste water treatment plant at K&C Valley with power generation and the balance Rs 23 crore is for operation and maintenance for seven years.
The water treatment firm, Va Tech Wabag has witnessed a fall in its revenues for the year 2019 at Rs 2,781 crore. Va Tech Wabag is listed in 18 screeners on Trendlyne. Link
Adani Transmission Ltd: The shares of Adani Transmission rose 6.5% at Rs 339.5 and is among the top gainers today in the stock market. Around 8.9 lakh shares in volume have been traded today so far. The share price has increased by 9.5% since last week, as per Trendlyne data. The company incorporated a wholly owned subsidiary namely, ‘Adani Electricity Mumbai Services’ (AEMSL) on December 6, 2019. AEMSL is yet to commence its business. Adani Transmission is listed in 18 screeners on Trendlyne. Link
EID Parry (India) Ltd: The shares of EID Parry (India) surged 6.6% at Rs 204.4 in the stock market today as of this writing. Around 1.5 million shares in volume have been traded today so far. As per Trendlyne data, the share price has increased by 15% since the last week. EID Parry had posted a net profit of Rs 6 crore for Q2FY20 as compared to Rs 11 crore for Q2FY19. The revenue of the company grew 26% at Rs 443 crore as against Rs 351 crore in Q2FY19. EID Parry is listed in 25 screeners on Trendlyne.
Coromandel International: The shares of Coromandel International are among the top gainers today in the stock market. The share price rose 5.1% at Rs 521.2 while around 2.5 lakh shares in volume have been traded today so far. As per Trendlyne data, the share price increased by 9.8% since the last week. Coromandel International is listed in 24 screeners on Trendlyne.