by Ritmbarah Arora

Uflex: The share price of Uflex skyrocketed 11.1% to Rs 192.9 and around 1.2 million shares in volume have been traded so far. The stock price soared 12.4% since the last week and 12.9% since the last month, per Trendlyne data.

Uflex announced that it has developed a Personal Protection Equipment (PPE) Coverall ‘Flex Protect’ in joint collaboration with IIT-Delhi and INMAS, DRDO, Delhi. Uflex is participating in the tender of various government requirements to supply the PPE Coveralls which will be retailed via chemists and e-commerce platforms. Flex Protect that comes with four-layered Protection and Anti-microbial Coating has been approved by the Defence Research and Development Organisation (DRDO) for use by the front-line health workers who are fighting the battle against COVID-19.The company is listed in 35 screeners on Trendlyne.

Ujjivan Financial Services: The stock price of Ujjivan Financial Services rallied 10.8% to Rs 173.4. Around 11.5 million shares in volume have been traded so far. The share price is up 9.3% since the last week and 5.1% since the last month.

The share price of Ujjivan Financial Services started rising after the company yesterday reported an 80% jump in consolidated March quarter profit at Rs 77.4 crore against Rs 43.2 crore for the same quarter, last year. Its consolidated income during the quarter rose to Rs 805.2 crore versus Rs 590 crore in the corresponding quarter, previous year. The Board of Directors has proposed a final dividend at the rate of Rs 0.80 per share (8%) for FY 2019-20. Ujjivan Financial Services is listed in 37 screeners on Trendlyne.

Chalet Hotels: The share price of Chalet Hotels rose 10.2% to Rs 112 as of this writing. Around 1.5 lakh shares in volume have been traded so far. The stock price gained 9.5% since the last week and has fallen 27.1% since the last month.

Chalet Hotels said that in view of the current Covid-19 situation, it was providing an interim update on its response to the crisis in continuation with the disclosures made by the company to the stock exchanges on March 27, 2020. In the near term, the company expects the earnings and profitability of its businesses to be materially impacted. The company said, “In the current situation, while operations for hotel and retail segments continue to witness direct impact from the crisis, rentals from commercial operations provide a steady annuity shield and resilience to the operating cashflows.” Chalet Hotels is listed in 25 screeners on Trendlyne.

Orient Cement: The share price of Orient Cement advanced 10.4% to Rs 45.2 as of now. Around 4.7 million shares in volume have been traded so far. The stock price increased 13.4% since the last week and 10.3% since the last month.

Centrum Broking has upgraded Orient Cement to buy from add rating with a target price of Rs 71 based on EV/EBITDA of 5.2 times FY22 earnings on May 27, 2020. The fourth quarter results of the company were driven by realisation gains that helped better than estimated performance. Orient Cement is listed in 45 screeners on Trendlyne.

Tube Investments of India: Tube Investments of India’s stock price jumped 8.9% to Rs 337 and around 1.5 lakh shares in volume have been traded so far. The share price is up 7.2% since the last week and is down 0.8% since the last month.

The company today reported a Profit After Tax of Rs 74 crore for Q4FY20 as against Rs 55 crore in the year-ago period. Profit before tax for the fourth quarter ending March 2020 was Rs 108 crores versus Rs 86 crore for the corresponding quarter, previous year. Total revenue of the company fell 23% to Rs 959 crore compared to Rs 1,224 crore in the year-ago period. Tube Investments of India is listed in 30 screeners on Trendlyne.