by Ritmbarah Arora
Chalet Hotels: The share price of Chalet Hotels zoomed 20% to Rs 144.5 for the second straight trading session. Around 6.1 lakh shares in volume have been traded so far. The stock price is up 41.3% since the last week and is down 2.2% since the last month.
A meeting of the Board of Directors of the company is scheduled to be held on Monday, June 8, 2020 to consider and approve inter-alia, the audited standalone and consolidated financial results of the company for the quarter and financial year ended March 31, 2020 and to approve payment of dividend on preference shares as per terms of their issues. Shares of hotel companies were on a rise as the government announced on Saturday that restaurants, hotels and other hospitality services would be allowed to function from June 8, along with shopping malls and complexes, as part of Unlock 1.0 strategy to resume economic activity. Chalet Hotels is listed in 28 screeners on Trendlyne against 32 screeners yesterday.
Shoppers Stop: The stock price of Shoppers Stop skyrocketed 20% to Rs 196.3 for the second consecutive trading session today. Around 1.4 million shares in volume have been traded so far. The share price increased 47.6% since the last week and has fallen 5% since the last month, per Trendlyne data.Shoppers Stop has reopened six stores in the country and is offering discounts up to 50% on different listed brands. They have been reaching out to First Citizen customers which contribute to about 80% of their revenue. Shoppers Stop is listed in 32 screeners on Trendlyne.
IFCI: The share price of IFCI rallied 19.3% to Rs 6.8 for the third straight consecutive trading session. Around 8.6 million shares in volume have been traded so far. The stock price is gained 70% since the last week and 67.9% since the last month. The financial stocks have been rising in green in the stock market since yesterday IFCI is listed in 31 screeners on Trendlyne.
Trident Ltd: The stock price of Trident advanced 17.2% to Rs 5.8 as of now. Around 33.3 million shares in volume have been traded so far. The share price surged 27.5% since the last week and 19.6% since the last month.
Trident Ltd, a flagship company of Trident Group introduced a new product to its product portfolio – Kraft Paper on May 23, 2020. Kraft paper can be used for packaging material due to its durable and useful nature. The company has now resumed its full manufacturing operations at all its manufacturing facilities in the state of Punjab and Madhya Pradesh after fulfilment of the imposed conditions. Trident is listed in 32 screeners on Trendlyne.
IDBI Bank: IDBI Bank’s share price rose 11.9% to Rs 27.2 and is top gainers since yesterday. Around 11.6 million shares in volume have been traded so far. The stock price soared 36.9% since the last week and 25.4% since the last month.
The share price of the bank started rising yesterday after it reported profit after 13 quarters of losses. As per reports, the government may delay stake sale in the lender beyond March 2021, due to depressed valuation. IDBI Bank posted a profit of Rs 135 crore for the March quarter 2020 on account of recoveries from bad loans versus a net loss of Rs 4,918 crore in the same quarter, last year. The profit would have been higher if the bank was not affected due to Covid-19 situation, per bank’s Managing Director & CEO, Rakesh Sharma. IDBI Bank is listed in 42 screeners on Trendlyne as against 36 screeners yesterday.