Top Gainers in the News: TV18 Broadcast, Jammu & Kashmir Bank, DHFL, JSW Energy, Network18 Media & Investments
by Ritmbarah Arora TV18 Broadcast: The share price of TV18 Broadcast jumped 14.4% to Rs 28.7 as of this writing. Around 26.3 million shares in volume have been traded so far. The share price gained 4.6% since the last week and the last month. Reliance Industries is restructuring its media and distribution operations by merging of three group entities – Television18 Broadcast, Hathway Cable and Datacom & Den Networks with the flagship Network18 Media and Investments, as announced by Economic Times on Monday, February 17. TV18 Broadcast is listed in 24 screeners on Trendlyne. Jammu & Kashmir Bank: The share price of Jammu & Kashmir Bank advanced 7.2% to Rs 18.7. Around 1.5 million shares in volume have been traded so far. The share price has fallen 11.6% since the last week and 37.7% since the last month. Jammu & Kashmir Bank had reported a fall of 52% to Rs 49.6 crore in the standalone net profit for Q3FY20 against Rs 103.7 crore in the corresponding quarter, previous year. Total income was marginally up at Rs 2,196 crore in the third quarter ending December 31, 2019 versus Rs 2,166.2 crore in the year ago period. Jammu & Kashmir Bank is listed in 17 screeners on Trendlyne. Dewan Housing Finance Corporation: The share price of Dewan Housing Finance Corporation Ltd (DHFL) surged 4.6% to Rs 10.3 as of now. Around 1.9 million shares in volume have been traded so far. The share price has decreased 3.3% since the last week and 39.5% since the last month, per Trendlyne data. More than two dozen entities have put in bids to takeover the debt-laden firm DHFL, post which the share price started rising to reach the upper circuit band. DHFL is listed in 20 screeners on Trendlyne. JSW Energy: The share price of JSW Energy rose 4.5% to Rs 66 while around 4.1 million shares in volume have been traded so far. The share price increased 3.2% since the last week and has fallen 2.2% since the last month. Sajjan Jindal led company, JSW Energy has entered into an agreement to buy GMR Energy’s 1,050 mw-Kamalanga power project located in Odisha for a consideration of Rs 5,321 crore, as announced by Economic Times on Monday. JSW Energy is listed in 22 screeners on Trendlyne. Network 18 Media & Investments: The share price of Network 18 Media & Investments gained 4.9% to Rs 30. Around 64,358 shares in volume have been traded so far. The share price has fallen 2.6% since the past week and increased 10% since the last month. The stock price of Network 18 Media & Investments is rising on the same news of Reliance Industries merging with three group entities. The company is listed in 17 screeners on Trendlyne.18-02-2020
