by Ritmbarah Arora
Indiabulls Housing Finance: The share price of Indiabulls Housing Finance rose 11.9% to Rs 131.8. Around 18.1 million shares in volume have been traded so far. The stock price is up 6.6% since the last week and 40.4% since the last month.
Indiabulls Housing Finance informed exchanges that CARE Ratings has reaffirmed the long-term rating of the company at ‘CARE AA’. The company’s perpetual debt rating has been affirmed at ‘CARE AA-’ and the rating outlook has been revised to negative. Indiabulls Housing Finance is listed in 41 screeners on Trendlyne.
Bharat Heavy Electricals: The stock price of Bharat Heavy Electricals skyrocketed 10% to Rs 23.7 as of now. Around 63 million shares in volume have been traded so far. The share price gained 2.8% since the last week and 7.5% since the last month, per Trendlyne data.
Bharat Heavy Electricals has called for Expression of Interest (EOI) from foreign companies who wish to use its factories currently lying idle for manufacturing from India. Emkay Global has issued a ‘buy’ rating to the company with a target price of Rs 37 over 12 months. The company is listed in 31 screeners on Trendlyne.
Jindal Steel & Power: The shares of Jindal Steel & Power rallied 10% to Rs 98.7 while around 20.3 million stocks in volume have been traded so far. The stock price soared 10.3% since the last week and 7.7% since the last month. The company is listed in 40 screeners on Trendlyne.
Heidelberg Cement India: The share price of Heidelberg Cement India surged 9% to Rs 162.7 as of this writing. Around 8.4 lakh shares in volume have been traded so far. The stock price increased 14% since the last week and 6%.
The share price of cement manufacturing companies started rising today after the Prime Minister of India announced a Rs 20 lakh crore stimulus package, and suggested that India will gradually begin to exit the lockdown. Heidelberg Cement India is listed in 37 screeners on Trendlyne.
Ambuja Cements: The stock price of Ambuja Cements advanced 8.7% to Rs 190.4. Around 7.9 million shares in volume have been traded so far. The share price rose 13.4% since the last week and 15.4% since the last month.
The Board of Ambuja Cements approved to recall the recommendation for payment of Final Dividend for the year ended December 31, 2019 at the meeting held on May 12, 2020 due to the significant delay in holding the AGM of the company with the nationwide lockdown. Ambuja Cements is listed in 33 screeners on Trendlyne.