Gainers in the News: Indiabulls Housing Finance, NHPC, ONGC, Cadila Healthcare, Dilip Buildcon
by Ritmbarah Arora Indiabulls Housing Finance: The share price of Indiabulls Housing Finance has risen 23.7% as of this writing. Around 66 million shares in volume have been traded so far. The stock price has fallen 32.2% since the past week and 67.2% since the last month. The stocks of Indiabulls Housing Finance started riding today after the company announced on Thursday that it has no loans outstanding from YES Bank. Also, the Chairperson Sameer Gehlaut is currently in the UK and is cooperating with Indian authorities in investigation against YES Bank founder and former Chief Executive Officer Rana Kapoor, as per a regulatory filing. Indiabulls Housing Finance is listed in 54 screeners on Trendlyne. NHPC: NHPC’s share price jumped 14.6% to Rs 21.2, and around 5.4 million shares in volume have been traded so far. The stock price gained 2.9% since the last week and is down 1.4% since the last month. NHPC has plans to develop techno-commercially viable solar power projects in Telangana, according to a news posted on The Hindu on March 19. The company had also raised Rs 500 crore through issuance of bonds on private placement of secured, redeemable, taxable, non-cumulative, non-convertible 6.9% NHPC AA-1 Series Bonds, as per a BSE filing. The bonds have been proposed for listing at Wholesale Debt Market segment of BSE and NSE. NHPC is listed in 40 screeners on Trendlyne. Oil & Natural Gas Corporation: The stock price of Oil & Natural Gas Corporation (ONGC) rallied 13.4% to Rs 66.2. Around 40.6% shares in volume have been traded so far. The share price gained 4.7% since the last week and has fallen 32.9% since the last month, per Trendlyne data. ONGC has recently begun its gas production from its block in the Krishna Godavari Basin in the Bay of Bengal on March 17 and is planning to ramp up production in coming weeks. The company is listed in 45 screeners on Trendlyne. Cadila Healthcare: The share price of Cadila Healthcare advanced 13.7% to Rs 276.5 as of now. Around 3.7 million shares in volume have been traded so far. The stock price is up 9.9% since the past week and decreased 1% since the last month. Analyst Sudarshan Sukhani of s2analytics.com has issued a ‘buy’ call on Cadila Healthcare with a target of Rs 272 at a stoploss of Rs 255 on March 18. The company is listed in 33 screeners on Trendlyne. Dilip Buildcon: The stocks of Dilip Buildcon rose 11.3% to Rs 282 while around 2.4 lakh shares in volume have been traded so far today. The share price has fallen 4.2% since the last week and 18.7% since the last month. Dilip Buildcon has received a letter of acceptance (LOA) for a new HAM project in the state of Chhattisgarh under Bharatmala on Hybrid Annuity Mode by the National Highways Authority of India on March 19. The company is listed in 33 screeners on Trendlyne.
20-03-2020