by Ritmbarah Arora
Shriram Transport Finance: The share price of Shriram Transport Finance rallied 21.7% to Rs 792.7. Around 1.4 million shares in volume have been traded so far. The stock price is up 36.5% since the last week and has fallen 37% since the last month.
The company had a conference call with OMERS Asia Pte and Eternity Capital on March 26, 2020. Chandan Taparia of Motilal Oswal Securities had issued a ‘sell’ call on the stocks of the company with a target price of Rs 504 on March 23, 2020 for the Intra Day transaction. Shriram Transport Finance is listed in 30 screeners on Trendlyne.
Sheela Foam: Sheela Foam’s stock price went up Rs 236.3, up 20% to Rs 1,418 as of now. Around 6,062 shares in volume have ben traded so far. The share price gained 3% since the last week and is down 13.8% since the last month, per Trendlyne data. Sheela Foam had released a circular stating, “pursuant to the Regulation 30 of SEBI, the company has decided to close down all its operations in India locations from March 23, 2020 to March 25, 2020”. Sheela Foam is listed in 32 screeners on Trendlyne.
Bandhan Bank: The stocks of Bandhan Bank surged 17.6% to Rs 249.4 for the second consecutive trading session today. The shares had jumped 29% in the yesterday’s trading session. Around 6 million shares in volume have been traded so far. The share price increased 9.5% since the last week and 36.4% since the last month.
Business Standard had issued a ‘buy’ call on Bandhan Bank at a target of Rs 265 at a stoploss of Rs 225 as the stock showed a sign of oversold on RSI indicator on March 23, 2020. The bank is listed in 34 screeners on Trendlyne as against 35 screeners yesterday.
Piramal Enterprises: The share price of Piramal Enterprises rose 16.2% to Rs 950.8 for the second continuous trading session. Around 2.2 million shares in volume have been traded so far. The stock price gained 38.8% since the past week and is down 31.9% since the last month.
CARE Rating affirmed CARE AA (outlook stable) credit rating for the additional non-convertible debentures issuance of up to Rs 1,000 crore by the company on March 26, 2020 post which the share price started rising. Piramal Enterprises is listed in 33 screeners on Trendlyne.
Multi Commodity Exchange of India: The stocks of Multi Commodity Exchange of India advanced 16.1% to Rs 1,083.8 as of this writing. Around 5.6 lakh shares in volume have been traded so far. The share price is up 4.2% since the last week and has fallen 19.6% since the last month.
Multi Commodity Exchange of India has decided to curtail their trading hours for the duration of the 21-day nationwide lockdown. The company will open at 9:00 am but will close at 5:00 pm, six hours earlier, starting March 30, 2020. Multi Commodity Exchange of India is listed in 34 screeners on Trendlyne.