by Ritmbarah Arora
Indiabulls Housing Finance: The stock price of Indiabulls Housing Finance advanced 10.5% to Rs 171.5. Around 30.3 million shares in volume have been traded so far. The share price soared 11.9% since the last week and 44.1% since the last month.
Indiabulls Housing Finance has raised Rs 200 crores by issuing securities to two large public sector banks on private placement basis as announced on June 12, 2020. The company allotted 2,000 secured, redeemable, non-convertible debentures of face value Rs 10 lakh each aggregating to Rs 200 crore, on a private placement basis. The NCDs have been subscribed by two large Indian public sector banks, without naming them. Indiabulls Housing Finance is listed in 43 screeners on Trendlyne.
Piramal Enterprises: The share price of Piramal Enterprises rose 11% to Rs 1,154.7. Around 2.6 million shares in volume have been traded so far. The stock price gained 12.5% since the last week and 32.3% since the last month.
As per reports, Carlyle picked up significant minority stake in the company for Rs 3,500-4,000 crore, reflecting the US private equity group’s appetite for large pharma and healthcare deals. Piramal Enterprises is listed in 35 screeners on Trendlyne.
Reliance Infrastructure: The share price of Reliance Infrastructure jumped 10% to Rs 26.4 as of this writing. Around 2 million shares in volume have been traded so far. The stock price increased 19.7% since the last week and 45.1% since the last month, per Trendlyne data.
The company has been in the top gainers list since yesterday as it is in talks with Torrent Power for selling a stake of its Delhi discoms. The company said in a notification, “the company is engaged in various initiatives to monetize its assets and thereby significantly reduce its overall leverage. Appropriate disclosures will be made following applicable regulations, as and when any disclosable event occurs”. Reliance Infrastructure is listed in 42 screeners on Trendlyne.
Greaves Cotton: The stock price of Greaves Cotton rallied 7.7% to Rs 87.7 as of now. Around 2.8 million shares in volume have been traded so far. The share price is up 11.9% since the last week and 18% since the last month. Arihant Capital has recommended ‘hold’ rating on the company stocks with a target price of Rs 84 in its research report dated June 15, 2020. Greaves Cotton is listed in 35 screeners on Trendlyne.
JK Cement: The share price of JK Cement advanced 6.8% to Rs 1,329.9 and around 1.2 lakh shares in volume have been traded so far. The stock price zoomed 15% since the last week and 21.9% since the last month.
ICICI Securities is bullish on JK Cement and has recommended ‘buy’ rating on the stock with a target price of Rs 1,460 in its research report dated June 18, 2020. JK Cements is listed in 31 screeners on Trendlyne.