Top Gainers in the News: Shilpa Medicare, Ujjivan Financial Services, Swan Energy, Godrej Properties, Au Small Finance Bank
by Ritmbarah Arora Shilpa Medicare: The share price of Shilpa Medicare has soared 12.3% to 404.9 while around 5.8 lakh shares in volume have been traded so far. The share price gained 52.5% since the last week and 38.8% since the last month, per Trendlyne data. Shilpa Medicare received US Food and Drug Administration’s (USFDA) tentative approval for its ANDA, Pirfenidone tablets on February 3, 2020 post which the share price surged 6% in the morning trade hours. The company also received COSCO-New Delhi permission for manufacturing and marketing Lenvatinib capsules 4mg and 10 mg in India. Shilpa Medicare is listed in 23 screeners on Trendlyne. Ujjivan Financial Services: The share price of Ujjivan Financial Services gained 7.6% to Rs 411.7 as of now. Around 3.4 million shares in volume have been traded so far. The share price increased 10% since the last week and 19.3% since the last month. The share price of Ujjivan Financial Services started rising after the company announced net profit more than double in the December quarter results announced on February 3, 2020. Consolidated net profit jumped to Rs 74.9 crore in Q3FY20 as against Rs 31.8 crore in Q3FY19. Total income rose to Rs 764.7 crore from Rs 507.4 crore in the corresponding period of the previous financial year. Ujjivan Financial Services is listed in 22 screeners on Trendlyne. Swan Energy: Swan Energy’s share price jumped 14.2% to Rs 129.7. Around 1.7 lakh shares in volume have been traded today so far. The share price increased 12.1% since the last week and 4.8% since the last month. The company will conduct a Board of Directors meeting on Friday, February 14, 2020 to consider the unaudited financial results of the company for the quarter ended December 31, 2019. Swan Energy is listed in 14 screeners on Trendlyne. Godrej Properties: The share price of Godrej Properties advanced 7.6% to Rs 1,182 as of this writing. Around 6.9 lakh shares in volume have been traded so far. The share price of Godrej Properties is up 8.5% since the last week and 22.5% since the last month. Though, the company reported weak sales in the December quarter, the improvement in the cash flow was impressive. Operating cash flow increased to Rs 1,131 crore from Rs 900 crore in Q3FY19 which helped the company to trim the debt to Rs 1,093 crore from Rs 1,795 crore in the last year. Godrej Properties is listed in 20 screeners on Trendlyne. Au Small Finance Bank: The share price of Au Small Finance Bank rose 8.1% to Rs 1,136.6. Around 7.2 lakh shares in volume have been traded so far today. The share price gained 7.5% since the last week and 41% since the last month. Au Small Finance Bank reported net profit of Rs 190 crore in Q3FY20 which doubled from Rs 95.3 crore during the same period, previous year, as announced on January 23, 2020. Total income rose to Rs 1,272.8 crore from Rs 894.3 crore in Q3FY19 while total expenses increased to Rs 959.9 crore from Rs 715.6 crore in Q3FY19. Au Small Finance Bank is listed in 31 screeners on Trendlyne.
05-02-2020
