by Ritmbarah Arora
Dishman Carbogen Amcis: The share price of Dishman Carbogen Amcis jumped 19.9% to Rs 81.8 as of this writing. Around 1.5 million shares in volume have been traded so far. The stock price gained 33.7% since the last week and 8% since the last month.
The brokerage firm Nirmal Bang has issued a ‘buy’ rating on the stock with a target price of Rs 99. Dishman Carbogen Amcis witnessed a decline in both the bottom-line and top-line front during Q4FY20 quarter. The company is listed in 32 screeners on Trendlyne.
JK Tyre & Industries: The stock price of JK Tyre & Industries skyrocketed 13.3% to Rs 65.3. Around 3.2 million shares in volume have been traded so far. The share price is up 24.7% since the last week and 34.5% since the last month.
JK Tyre & Industries has come up with a marketing arm in the US to focus on sales, service and network expansion as announced on Monday, June 1, 2020. The company has set up a new entity, Western Tires Inc, based at Houston, Texas. To ensure a robust delivery model, the after-sales service will be backed by a team of technical experts from India and Mexico, as per the tyre maker. JK Tyre & Industries is listed in 33 screeners on Trendlyne.
Chennai Petroleum: The share price of Chennai Petroleum Corporation rallied 13.2% to Rs 71.4 as of now. Around 1.7 million shares in volume have been traded so far. The stock price soared 30.4% since the last week and 18% since the last month, per Trendlyne data.
Chennai Petroleum Corporation has recorded an inventory write down of Rs 1,456 crore due to the impact of Covid-19 on its operations. The company said in a filing to BSE, the international prices of crude crashed on account of poor demand in the wake of Covid-19 outbreak and the country wide lock-down affected its business operations. Chennai Petroleum Corporation is listed in 32 screeners on Trendlyne.
Vodafone Idea: Vodafone Idea’s share price advanced 11% to Rs 11.7 and around 957 million shares in volume have been traded so far. This is among the most traded shares in the stock market today. The stock price increased 77.9% since the last week and 180.7% since the last month.
As per reports, Google has been eyeing stake in Vodafone Idea which has given an impetus to its stock price. Brokerage firm CLSA has issued a ‘buy’ rating on the stock with a 12-month price target of Rs 12. Vodafone Idea is listed in 36 screeners on Trendlyne.
IDFC Ltd: The shares of IDFC Ltd rose 12.2% to Rs 18.8 and around 13.7 million shares in volume have been traded so far. The stock price surged 31.6% since the last week and 35.4% since the last month. Three mutual including IDFC, Edelweiss and Kotak have warned investors of either near-term losses or poor returns in arbitrage schemes with spreads turning negative and causing money-making opportunities to shrink. These funds manage assets worth about Rs 55,000 crore. IDFC is listed in 28 screeners on Trendlyne.