by Ritmbarah Arora
Sobha: The share price of Sobha advanced 5% to Rs 195.7 for the second consecutive trading session, as real-estate companies gain. Around 4.2 lakh shares in volume have been traded so far. The stock price is up 8% since the last week and 11.6% since the last month. The real estate shares have been trading with gains since yesterday. Sobha is listed in 32 screeners on Trendlyne.
SpiceJet: The stock price of SpiceJet rallied 4.9% to Rs 42.8 as of now. Around 4 million shares in volume have been traded so far. The share price gained 5.6% since the last week and has fallen 8.5% since the last month. Airline stocks are gaining today on the possibility of the lockdown being relaxed in major parts of the country post May 17.
SpiceJet announced on April 30 that it will disburse part salaries for April to more than 92% of its employees. The airline was not planning any lay-off of employees despite the challenges that impacted the primary source of revenue. SpiceJet is listed in 33 screeners on Trendlyne.
Network 18 Media & Investments: The shares of Network 18 Media & Investments jumped 4.9% for a fourth straight session today. Around 1.5 million shares in volume have been traded so far. The stock price soared 13.1% since the last week and 28.1% since the last month, per Trendlyne data.
Nifty Media index gained around 6.6% since the last month and was up 3.1% yesterday. Network 18 Media & Investments is a constituent of Nifty Media index. The PE of the stock is 0 based on TTM earnings ended March 2020. The company is listed in 35 screeners on Trendlyne.
TV18 Broadcast: The share price of TV18 Broadcast surged 8.1% to Rs 21.01. Around 7.8 million shares in volume have been traded so far. The stock price increased 18.9% since the last week and 37.5% since the last month. The PE of the stock is 109.17 based on TTM earnings ending March 2020. TV18 Broadcast is listed in 32 screeners on Trendlyne.
InterGlobe Aviation: The stock price of InterGlobe Aviation zoomed 4.4% to Rs 1002.4 while around 3.2 million shares in volume have been traded so far. The share price gained 5.5% since the last week and has fallen 3.8% since the last month.
The shares of airlines started rising in an otherwise weak market, amid reports that the government could soon resume domestic flight operations in India. Also, as per the latest reports, InterGlobe Enterprises, parent company of IndiGo has evinced interest in Virgin Australia – the second largest aviation company of Australia. InterGlobe Aviation is listed in 26 screeners on Trendlyne.
