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Gainers in the News: Karur Vysya Bank, Zensar Technologies, Aster DM Healthcare, Lakshmi Vilas Bank, Adani Green

by Ritmbarah Arora

Aster DM Healthcare: The stock price of Aster DM Healthcare jumped 6.5% to Rs 122.7 as of this writing. Around 1.1 million shares in volume have been traded so far. The share price increased 21.4% since the last week and 32% since the last month.

Pursuant to Regulation 30 of SEBI 2015, analysts/institutional investor call is scheduled to be held on Wednesday, June 24, 2020 at 11:30 am to discuss the Q4FY20 results and the company’s business strategy and outlook. Aster DM Healthcare is listed in 33 screeners on Trendlyne.  

Karur Vysya Bank: The share price of Karur Vysya Bank surged 11.8% to Rs 28.8 as of now. Around 3.1 million shares in volume have been traded so far. The stock price is up 6.3% since the last week and 21.5% since the last month.

India Ratings & Research has affirmed the credit rating as ‘IND A+/Stable’ on June 16, 2020. Instruments with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations and such instruments carry low credit risk. Karur Vysya Bank is listed in 37 screeners on Trendlyne.

Zensar Technologies: The shares of Zensar Technologies rallied 8.3% to Rs 148.4 and is among the top gainers for the second consecutive trading session. Around 1.8 million shares in volume have been traded so far. The stock price gained 31.2% since the last week and 70.2% since the last month.

Zensar Technologies announced yesterday that it has strengthened its partnership with NetFlorist to enable it to diversify its business offerings during the current situation to now include essential grocery section. NetFlorist wanted its customers to have the option to buy essential items during the Covid-19 lockdown. Zensar Technologies is listed in 42 screeners on Trendlyne.

Lakshmi Vilas Bank: The share price of Lakshmi Vilas Bank advanced 5% to Rs 16.8 and around 1 lakh shares in volume have been traded so far. The stock price soared 20.4% since the last week and 26.3% since the last month.

The bank announced that it has signed a preliminary, non-binding letter of intent with the Clix Group for a proposed amalgamation and has raised hopes for the capital-starved bank. The proposed amalgamation with the Clix Group, if comes through, could offer respite on the capital front. Lakshmi Vilas Bank is listed in 32 screeners on Trendlyne.

Adani Green Energy: The stock price of Adani Green Energy is locked in upper circuit today, up 5% to Rs 381.6. Around 9.2 lakh shares in volume have been traded so far. The share price zoomed 22.1% since the last week and 65.7% since the last month, per Trendlyne data.

The stock has today hit all-time high and has been gaining amid media reports that the company has plans to raise up to $12 billion in the next 4-5 years through the sales of green bonds to accomplish the aim of becoming the world’s biggest renewable energy player. Adani Green Energy is listed in 42 screeners on Trendlyne.

Aster DM Healthcare Ltd. is trading above all available SMAs
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