by Ritmbarah Arora
Adani Power: The share price of Adani Power jumped 10.2% to Rs 36.4 as of this writing. Around 20.3 million shares in volume have ben traded so far. The stock price is up 12.4% since the last week and 12.2% since the last month. Adani Power is listed in 34 screeners on Trendlyne.
Jindal Steel & Power: The stock price of Jindal Steel & Power rallied 9.5% to Rs 105.8. Around 22.3 million shares in volume have been traded so far. The share price soared 11.9% since the last week and 24.3% since the last month, per Trendlyne data.
Jindal Steel & Power reported a consolidated profit after tax of Rs 306 crore for Q4FY20 and reduced its net debt by Rs 4,379 crore in FY20 on constant currency basis. EBITDA stands at Rs 2,244.3 crore in the fourth quarter ending March 2020, up 21.7% from Rs 1,844.7 crore in March 2019. The company has also ramped up capacity utilisation to 85% in May after restarting operations about a month ago. Jindal Steel & Power is listed in 33 screeners on Trendlyne.
Bayer Cropscience: The share price of Bayer Cropscience advanced 10% to Rs 4,875 and has hot its new 52-week high today. Around 52,938 shares in volume have been traded so far. The stock price gained 7.4% since the last week and 21.7% since the last month.
The shares of Bayer Cropscience started rising after the company reported profit before exceptional items and tax (PBET) of Rs 54.3 crore for Q4FY20 against a loss before exceptional items and tax of Rs 95 crore in the corresponding quarter, previous year. The revenue of the company from operations rose 82% YoY at Rs 459 crore compared to Rs 252 crore in the same quarter, last year. Bayer Cropscience is listed in 36 screeners on Trendlyne.
Godrej Industries: The stock price of Godrej Industries skyrocketed 7% to Rs 274 as of now. Around 5 lakh shares in volume have been traded so far. The share price increased 6% since the last week and 3.4% since the last month.
Godrej Industries reported net sales at Rs 3,120.7 crore in Q4FY20, up 8.1% from Rs 2,887.2 crore in the year ago period. Quarterly net profit was at Rs 25.9 crore in the fourth quarter ending March 2020, down 91.3% from Rs 297.4 crore in the corresponding quarter, previous year. EBITDA stands at Rs 368.9 crore in Q4FY20, down 12.1% from Rs 419.5 crore in Q4FY19. Godrej Industries is listed in 33 screeners on Trendlyne.
Birla Corporation: The share price of Birla Corporation surged 9.2% to Rs 433.3 while around 7.8 lakh shares in volume have been traded so far. The stock price is up 8% since the last week and 2.2% since the last month.
Birla Corporation reported a net profit of Rs 194.7 crore in Q4FY20, up 51.9% from Rs 128.2 crore in the year ago period. Net sales was reported at Rs 1,689.9 crore in March 2020, down 9.8% from Rs 1,872.8 crore in March 2019. EBITDA stood at Rs 372.7 crore in the fourth quarter ending March 2020, up 11.6% from Rs 333.9 crore in Q4FY19. Dolat Capital is bullish on Birla Corporation and has recommended ‘buy’ rating on the stock with a target price of Rs 650 in its research reported dated May 23, 2020. Birla Corporation is listed in 29 screeners on Trendlyne.