by Ritmbarah Arora
Adani Power: The share price of Adani Power rallied 6.8% to Rs 34 as of now. Around 31.5 million shares in volume have been traded so far. The stock price is up 11.3% since the last week and 14.7% since the last month, per Trendlyne data.
The shares of power company surged in today market as government announced a Rs 90,000 crore liquidity lifeline for the sector. Care Ratings said in a note, “For the discoms, the amount may be small but useful for them as they can use the funds to pay the generators and transmission companies". Adani Power is listed in 38 SWOT screeners on Trendlyne.
Tata Power Company: The stock price of Tata Power Company advanced 5.9% to Rs 32.1 while around 40.6 million shares in volume have been traded so far. The share price gained 10.7% since the last week and has fallen 10.6% since the last month. The shares of Tata Power Company are in top gainers because of same reason, government infusing Rs 90,000 in the power sector. Tata Power Company is listed in 40 screeners on Trendlyne.
Century Plyboards (India): The shares of Century Plyboards (India) zoomed 5.9% to Rs 118.5 as of this writing. Around 2.9 million stocks in volume have been traded so far. The stock price soared 9.6% since the last week and 10.3% since the last month.
The company has partially resume operations at some of its manufacturing locations, warehouses and offices wherein lockdown restrictions have been eased with low capacity and with limited manpower. Also, following a probe by domestic fibre manufacturers including Century Plyboards, India may impose anti-dumping duty on import of a certain variety of the fibre board used in furniture and other related industries. Century Plyboards (India) is listed in 27 screeners on Trendlyne.
Au Small Finance Bank: The share price of Au Small Finance Bank gained 5% to Rs 419.1. Around 2 lakh shares in volume have been traded so far. The stock price is down 5.5% since the last week and 16.1% since the last month. Emkay Global had issued a ‘hold’ rating to the bank with a target price of Rs 535 over 12 months as announced on May 4, 2020. Au Small Finance Bank is listed in 34 screeners on Trendlyne.
Dewan Housing Finance Corporation: The stock price of Dewan Housing Finance Corporation (DHFL) rose 5% to Rs 12.6 while around 1.4 million shares in volume have been traded so far. The share price increased 9.6% since the last week and 16.1% since the last month.
The company allegedly withdrew funds worth Rs 2,267 crore invested by the Uttar Pradesh state run firm and paid brokers incentives worth Rs 53 crore to access them. DHFL is listed in 30 screeners on Trendlyne.