by Ritmbarah Arora
NIIT Technologies: The share price of NIIT Technologies advanced 15% to Rs 1,368.2. Around 2.3 million shares in volume have been traded so far. The stock price is up 15.8% since the last week and 31.9% since the last month.
The share price started rising after the company reported a 11.4% rise in consolidated net profit to Rs 113.6 crore for the March quarter 2020 against a net profit of Rs 102 crore in the corresponding quarter, previous year. Its consolidated revenue grew 19% to Rs 1,109.3 crore in Q4FY20 from Rs 931.9 crore in the year-ago period. NIIT Technologies has also declared a third interim dividend of Rs 11 per share and the record date for the same has been fixed for May 15, 2020. The company is listed in 24 screeners on Trendlyne.
JM Financial: The stock price of JM Financial rallied 9.3% to Rs 62.4 as of now. Around 1.6 million shares in volume have been traded so far. The share price has fallen 7.4% since the last week and is up 0.5% since the last month, per Trendlyne data. The company is holding earnings conference call on Thursday, May 7, 2020 at 4:00 pm to discuss the company’s financial performance for the year ended March 31, 2020. JM Financial is listed in 31 screeners on Trendlyne.
J B Chemicals & Pharmaceuticals: The share price of J B Chemicals & Pharmaceuticals surged 8.5% to Rs 607.8 as news reports said that the company has become an acquisition target of at least four global private equity firms. Around 1 million shares in volume have been traded so far. The stock price soared 5.4% since the last week and 34.7% since the last month.
The shares of J B Chemicals & Pharmaceuticals started rising after a report from Economic Times published global buyout funds KKR, Carlyle, Apax Partners and PAG are in the race to acquire the domestic pharmaceuticals firm. The proposed deal valuation is 9% higher than JB Chemicals’ current market capitalisation. The company is listed in 33 screeners on Trendlyne.
Persistent Systems: The shares of Persistent Systems zoomed 7.6% to Rs 503.1 as of this writing ahead of its earnings discussion today. Around 5.7 lakh shares in volume have ben traded so far. The stock price gained 6.3% since the last week and is down 2.1% since the last month.
The share price of Persistent Systems started rising after the company reported its Q4FY20 results. The company reported a marginal decrease of 0.8% in net profit at Rs 83.8 crore for Q4FY20 and revenue of Rs 926.4 crore, up 11.4% over the corresponding quarter, previous year. CEO of Persistent Systems, Christopher O’Connor said, “We closed FY20 very strong; for the first time in Persistent’s history, we crossed the half billion-dollar mark in revenue. We had particular strength in our Technology Services Unit, which delivered a robust quarter driven through solid expansion. While Covid-19 is presenting challenges, it is also unearthing business opportunities as every organization now understands that the status quo is not a viable option”. The company is listed in 34 screeners on Trendlyne.
Oberoi Realty: The stock price of Oberoi Realty rose 7.3% to Rs 338.2 while around 5.3 lakh shares in volume have been traded so far. The share price increased 2.7% since the last week and 5.6% since the last month. The company is listed in 30 screeners on Trendlyne.