by Ritmbarah Arora
Lakshmi Vilas Bank: The share price of Lakshmi Vilas Bank (LVB) is in the top gainers list for the third consecutive trading session. The stock skyrocketed 10% to Rs 19.8 and has hit the upper circuit limit. LVB has jumped 23% since the last three sessions. Around 7.3 lakh shares in volume have been traded so far. The share price has gained 32% since the last week and 19.3% since the last month. Economic Times reported that Tilden Park Capital Management has sounded out the Reserve Bank of India for buying a sizeable stake in LVB post which the share price started rising. The bank is listed in 25 screeners on Trendlyne.
Inox Leisure: The share price of Inox Leisure surged 8.7% to Rs 482.4 as of now. Around 4.1 lakh shares in volume have been traded so far. The stock price is up 16.8% since the past week and 24.8% since the last month.
Inox Leisure announced its third quarter result ending December 31, 2019 yesterday, February 10 post which the share price is rising today. Though net profit went down by 3.9% to Rs 35 crore in Q3FY20 from Rs 36.5 crore in Q3FY19, net sales is up 18.4% to Rs 512.9 crore YoY in Q3FY20 from Rs 433.1 crore in the corresponding quarter, previous year. Inox Leisure is listed in 22 screeners on Trendlyne.
Wockhardt: Wockhardt’s share price jumped 8.5% to Rs 394.2 as of this writing. Around 3.5 million shares in volume have been traded so far. The stock price increased 15.3% since the last week and 60.5% since the last month. The shares of Wockhardt has hit over 7-month high today, an upsurge of 63% in one month.
Gaurav Bissa of LKP Securities has issued a ‘buy’ call on the stocks of Wockhardt with a target price of Rs 400 on February 10 with a recommendation of stoploss at Rs 350. The stock is listed in 26 screeners on Trendlyne.
Sheela Foam: The share price of Sheela Foam advanced 12% to Rs 1,770 and has hit its 52-week high today while around 65,796 shares in volume have been traded so far. The stock price gained 10.7% since the last week and 28% since the last month, per Trendlyne data. Sheela Foam reported consolidated profit before tax at Rs 85.8 crore for Q3FY20, a jump of 52% YoY from Rs 56.5 crore in the year-ago period. Consolidated net profit grew 67% to Rs 65 crore for the third quarter ending December 31, 2019 from Rs 39 crore in Q3FY19. Sheela Foam is listed in 20 screeners on Trendlyne.
Shilpa Medicare: The share price of Shilpa Medicare went up 10% to Rs 437.9 and has hit its new 52-week high today. Around 3.2 lakh shares in volume have been traded so far. The share price is up 21.4% since the past week and 60.9% since the last month.
Shilpa Medicare reported a consolidated net profit of Rs 550.6 million for Q3FY20 versus Rs 124.7 million in the same quarter, previous year. Consolidated revenue from operations was at Rs 2.4 billion against Rs 1.7 billion in Q3FY19. Shilpa Medicare is listed in 22 screeners on Trendlyne.