by Ritmbarah Arora
The New India Assurance Company: The shares of The New India Assurance Company advanced 7.8% at Rs 142.4 as of this writing. Around 1.2 million shares in volume have been traded today so far. The share price of the company has decreased by 3.7% since the last week but is still among the top gainers today. The stocks of the insurance industry have rallied today, after news that “the government may raise the overseas investment limit in insurance to 74% in the February budget, up from 49% now, possibly paving the way for foreign control of companies”. The New India Assurance Company is listed in 17 screeners on Trendlyne. Link
J B Chemicals & Pharmaceuticals: The stocks of J B Chemicals & Pharmaceuticals surged 5.7% at Rs 424.5 in the stock market today as of this writing. Around 3.6 lakh shares in volume have been traded today so far in volume. As per Trendlyne data, the share price increased 5.1% since the last week. The company had reported a net profit of Rs 94 crore in Q2FY20.
On December 6, 2019, the company announced a buyback of 29.5 lakh shares at a price of Rs 440. The company said it proposes to utilise an aggregate amount not exceeding Rs 130 crore for this buyback which represents 9.3% of the total paid-up equity share capital, as per the company statement. The buyback offer will open on December 16, 2019 and will close on Monday, December 30, 2019. J B Chemicals & Pharmaceuticals is listed in 24 screeners on Trendlyne. Link
Indiabulls Ventures: Indiabulls Ventures share price jumped 5% to Rs 155.9 while around 7.8 lakh shares in volume have been traded so far. The company has made a public announcement containing the disclosures as specified in Schedule II of the Buyback Regulations has been made public on December 6, 2019. In the intimation, the company has announced buyback of 6.6 crore fully paid-up equity shares having face value of Rs 2 each of the company at Rs 150 per equity share. As per Trendlyne data, the share price has decreased 7.2% since the last. Indiabulls Ventures is listed in 16 screeners on Trendlyne.
eClerx Services: The shares of eClerx Services are among the top gainers today in the stock market. The share price surged 9.1% at Rs 519 with around 1.4 lakh shares in volume today so far. eClerx Services is an Indian IT consulting and outsourcing multinational company. As per Trendlyne data, the share price increased by 2.7% since the last week. eClerx is listed in 16 screeners on Trendlyne.
Indiabulls Housing Finance: The shares of Indiabulls Housing Finance rose 6.3% at Rs 275.2 and is among the top gainers in the stock market today. Around 27.3 million shares in volume have been traded today so far. The share price decreased by 5.8% since the last week as per Trendlyne data. The stocks of the company had slipped for fifth straight session until yesterday, December 9. The stocks slumped 60.9% in the last one year. Indiabulls Housing Finance is listed in 13 screeners on Trendlyne.
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