Top Gainers in the News: Gujarat Narmada Valley, Lakshmi Vilas Bank, Abbott India, Vaibhav Global, Amber Enterprises
Gujarat Narmada Valley Fertilizers & Chemicals: The share price of Gujarat Narmada Valley Fertilizers & Chemicals surged 11.3% to Rs 202.7. Around 3.7 million shares in volume have been traded so far today. The share price increased by 10.9% since the last week and 9.6% since the last month, per Trendlyne data. Fertilizer stocks are up overall, of which GNFC is the top gainers. Gujarat Narmada Valley Fertilizers & Chemicals filed a complaint about dumping of Toluene Di-Isocynate from the EU, Saudi Arabia, Chinese Taipei and UAE post which the government may impose anti-dumping duty on the import of chemical, used in making foam, as reported on February 9, 2020. The company is listed in 16 screeners on Trendlyne. Lakshmi Vilas Bank: The share price of Lakshmi Vilas Bank went up 9.8% to Rs 18 for the second consecutive trading session. The stocks were locked in upper circuit of 10% at Rs 16.5 on Friday, February 7. Around 2.9 million shares in volume have been traded so far. The share price gained 21.2% since the last week and 13.2% since the last month. Its been reported that DBS Bank and Indostar Capital are in talks to become potential suitors of Lakshmi Vilas Bank which failed to secure the regulator’s permission last year to merge with a home-grown financer. The bank is listed in 26 screeners on Trendlyne. Abbott India: Abbott India’s share price jumped 8.3% to Rs 15,268 as of this writing. Around 39,594 shares in volume have been traded so far. The share price is up 22.6% since the last week and 18.7% since the last month. The company announced Q3FY20 results on February 7, 2020 post which the share price started rising. Abbott India reported a rise in net profit by 59% to Rs 186.7 crore for the third quarter ending December 31, 2019 versus Rs 117 crore in the same period last year. Revenue from operations stood at Rs 1,078.2 crore for Q3FY20 as against Rs 947.6 crore in Q3FY19. Operating profit was at Rs 239.7 crore for Q3FY20 from Rs 146.5 crore in the year ago period, same quarter while profit before tax was Rs 250.6 crore for the third quarter of the FY19 as against Rs 179.7 crore in Q3FY20. Abbott India is listed in 25 screeners on Trendlyne. Vaibhav Global: The share price of Vaibhav Global rose 11.4% to Rs 1121.3 while around 48,243 shares in volume have been traded so far today. The share price gained 7.8% since the last week and 31% since the last month. Vaibhav Global reported a consolidated profit of Rs 65.6 crore in Q3FY20, up 25% from Rs 52.5 crore in Q3FY19, as announced on January 30, 2020. The share price had then hit its 52-week high. Profit before tax stood at Rs 81.8 crore, up 27% from Rs 64.5 crore in the year ago period, same quarter. Vaibhav Global is listed in 27 screeners on Trendlyne. Amber Enterprises India: The share price of Amber Enterprises India skyrocketed 6.9% to Rs 1,647. Around 63,491 shares in volume have been traded so far. The share price increased 13.6% since the last week and 38.8% since the last month. Amber Enterprises had reported a net profit of Rs 11.5 crore in Q3FY20, up 199.7% from Rs 3.8 crore in Q3FY19, as announced on January 30, 2020. The company is listed in 22 screeners on Trendlyne.
10-02-2020
