Top Gainers in the News: NHPC, IRB Infrastructure Developers, Prestige Estates Projects, Chennai Petroleum, IIFL Finance
by Ritmbarah Arora NHPC: The shares of NHPC skyrocketed 13.8% to Rs 27.5 and is among the top gainers today. Around 34.1 million shares in volume have been traded so far. The share price of NHPC is up 12.6% since the past week and 13.5% since the last month. The stock has hit its 52-week high today while it reached its 52-week low on August 2, 2019 at Rs 20.8. NHPC is expected to deliver a better financial performance for Q3FY20 as the company has reported strong generation numbers for each of the three months in Q3FY20, per Economic Times. The current FY20 estimated dividend yield for NHPC is 6.3%. The company is listed in 17 screeners on Trendlyne. IRB Infrastructure Developers: The shares of IRB Infrastructure Developers jumped 11% to Rs 111.5. Around 4.7 million shares in volume have been traded so far. The share price increased 34.8% since the last week and 56.2% since the last month, as per Trendlyne data. IRB Infrastructure Developers received a no objection certificate from the NHAI for transfer of nine BOT (build-operate-transfer) assets to IRB Infrastructure Trust and subsequent investment by GIC affiliates for 49% stake in the Trust, as mentioned in a filing to BSE. IRB Infrastructure Developers is listed in 14 screeners on Trendlyne. Prestige Estates Projects: The shares of Prestige Estates Projects have gained 7.5% to Rs 403.3 as of this writing. Around 7 lakh shares in volume have been traded so far. The share price increased 21.8% since the last week and 12% since the last month. The share price of the company started rising after it published a press release according to which Prestige Falcon Realty Ventures Private Limited (PFRVPL), wholly owned subsidiary of Prestige Estates Projects, has invested in Lokhandwala DB Realty LLP by way of capital account contribution and admitted as partner of the LLP with 50% economic voting rights. Prestige Estates Project is listed in 20 screeners on Trendlyne. Chennai Petroleum Corporation: The shares of Chennai Petroleum rose 7.5% to Rs 156.6 as of now. Around 1.5 million shares in volume have been traded so far today. The share price of the company is up 14.3% since the past week and 35.1% since the last month. Chennai Petroleum Corporation has announced Q3FY20 results post which the share price started rising. The company reported a net profit of Rs 6.7 crore in Q3FY20 as against a net loss of Rs 367.1 crore in Q3FY19. Standalone profit before tax stood at Rs 9.1 crore in Q3FY20 as against a net loss of Rs 555.3 crore in Q3FY19. Chennai Petroleum Corporation is listed in 13 screeners on Trendlyne. IIFL Finance: The shares of IIFL Finance advanced 6.3% to Rs 158.2 while around 8.5 lakh shares in volume have been traded so far. The share price increased 4.3% since the last week and 3.1% since the last month. The CFO of the company, Mr. Prabodh Agrawal had resigned from his position on December 21, 2019 due to personal reasons. The resignation will be effective from February 2020. IIFL Finance is listed in 24 screeners on Trendlyne.
20-01-2020
