Top Gainers in the News: Himatsingka Seide, Tasty Bite Eatables, IFCI, PC Jewellers, Torrent Power
by Ritmbarah Arora Himatsingka Seide: The share price of Himatsingka Seide has jumped 8.1% to Rs 106.3 as of this writing. Around 2.6 lakh shares in volume have been traded so far. The stock price has fallen 16.4% since the last week and 18.1% since the last month. Net profit of the company had declined to Rs 2.8 crore in the third quarter of the present fiscal year from Rs 51.2 crore in Q3FY19 while operating profit fell to Rs 114.4 crore from Rs 168.1 crore in the same quarter, previous year. Himatsingka Seide is listed in 17 screeners on Trendlyne. Tasty Bite Eatables: The share price of Tasty Bite Eatables advanced 11.9% to Rs 11,671.5 for the second consecutive trading session. The company touched its new 52-week high with a rise of Rs 1,247.2 today. Around 16,901 shares in volume have been traded so far. The share price gained 40.8% since the past week and 38.7% since the last month. Tasty Bite Eatables announced a rise of 97% in its standalone net profit yesterday, February 12 after which the stock was locked in upper circuit of 20% at Rs 10,397.5. The company posted a net profit of Rs 13.7 crore in Q3FY20 as against Rs 6.9 crore in the year ago period. Net sales rose 30% to Rs 113.9 crore during the third quarter of the present fiscal year versus Rs 87.5 crore in Q3FY19. Profit before tax grew to Rs 18.2 crore from Rs 10.7 crore in the corresponding quarter, last year. Tasty Bite Eatables is listed in 22 screeners on Trendlyne. IFCI: IFCI’s share went up 7.9% to Rs 6.2 in the stock market today. Around 1.7 million shares in volume have been traded so far. The share price is up 0.8% since the past week and has fallen 9.6% since the last month. IFCI had completed the stake-sale of its holding in NSE on February 5, 2020 by realising an amount of about Rs 178.6 crore while it had earlier realised an amount of Rs 805.6 crore. The company is listed in 19 screeners on Trendlyne. PC Jewellers: The share price of PC Jewellers rose 8.6% to Rs 22.8 as of now. Around 10.1 million shares in volume have been traded so far. The share price is up 9.6% since the last week and has fallen 1.7% since the last month, per Trendlyne data. PC Jewellers is listed in 14 screeners on Trendlyne. Torrent Power: The share price of Torrent Power has surged 7.6% to Rs 326.7 while around 5 million shares in volume have been traded so far. The stock price gained 5.6% since the past week and 8.3% since the last month. The share price of Torrent Power started rising after the company announced its third quarter results ending December 31, 2019. The company posted a net profit of Rs 420.6 crore in Q3FY20, up 76% from Rs 238.2 crore in the corresponding quarter, last year. In a meeting held on Wednesday, February 12, the Board of Directors approved an interim dividend of Rs 11.6 per equity share on 48,06,16,784 shares of Rs 10 each for 2019-2020. The dividend will be remitted on or after February 24, 2020 to the equity shareholders of the company. Torrent Power is listed in 21 screeners on Trendlyne. The management held its earnings call yesterday, which can be accessed here.13-02-2020
