by Ritmbarah Arora
TeamLease Services: The share price of TeamLease Services soared 19.8% to Rs 1,910. Around 47,296 shares in volume have been traded so far. The stock price soared 27.6% since the last week and 19.4% since the last month.
The company has organised a conference call for Q4FY20 results on Wednesday, June 10, 2020 at 11:00 am IST. The company has been in the news as being a placement firm, it received 22,367 resumes in May from hospitality sectors alone, up 444% from 4,109 in the previous month due to the layoffs driven by the lockdown. The company is listed in 30 screeners on Trendlyne.
Trident Ltd: The stock price of Trident advanced 19.5% to Rs 7.1 for the second consecutive trading session. Around 15.6 million shares in volume have been traded so far. The share price surged 55% since the last week and 45.4% since the last month, per Trendlyne data.
Trident announced yesterday that it has been granted a patent for ‘woven fabric with improved comfort’ by United States Patent Office. This patent is expected to furnish more comfort and efficacy by refining parameters such as thermal conductivity and moisture regulation. The company’s yarn portfolio will be further enhanced by the implementation of such patent which currently contributes 26% of its overall revenue. Trident is listed in 35 screeners on Trendlyne against 32 screeners yesterday.
Indian Overseas Bank: The stock price of Indian Overseas Bank jumped 15.1% to Rs 9.2 as of this writing. Around 5.2 million shares in volume have been traded so far. The share price is up 28% since the last week and 18.8% since the last month.
Talks are underway to privatise some public sector banks because of which the share price of banks has been on a rise. The government has taken baby steps toward privatising one or more state-run banks to make them stronger, likely undoing a legacy that started with the nationalisation of banks in 1969, as per people familiar with the matter. Indian Overseas Bank is listed in 38 screeners on Trendlyne.
DB Corp: DB Corp’s share price rose 14.4% to Rs 74.1 and around 1.6 million shares in volume have been traded so far. The stock price gained 24.8% since the last week and has fallen 1.3% since the last month.
With reduced economic activity, advertising revenue for the company has been impacted. Advertisement revenue is likely to pick up due to relaxations seen in non-metro areas as they are major markets for DB Corp, according to Bloomberg Quint. The company is listed in 31 screeners on Trendlyne.
Adani Gas: The share price of Adani Gas zoomed 16% to Rs 144 and around 12.9 million shares in volume have been traded so far. The stock price increased 23.1% since the last week and 34% since the last month.
The shares of Adani Group companies have been on a rise as Gautam Adani promoted electric utilities company said that its board will meet to consider delisting the company from the stock exchanges. The meeting of the board of directors of Adani Power will be held on Wednesday, June 3, 2020 to consider the proposal for voluntary delisting of the equity shares of the company received from the promoter company. Adani Gas is listed in 29 screeners on Trendlyne.