Stock Movers This Afternoon: National Fertilizers, HDFC, KNR Constructions, Bajaj Finance
(Representative image) | Photo credit: iStock Images
- MRPL will rise the most in 5 weeks to its highest level since June 26th
- Axis Bank has risen the most since November 2nd to its highest level since March 5th
- RITES wins for the fifth session in a row, the longest winning streak since December 2019
KNR-KONSTRUKTIONEN: The share achieves a new record profit when re-ordering. The infrastructure development company received a contract worth Rs. 604 billion from the Highways Project Leader (FAC) of the Chennai Kanyakumari Industrial Corridor Project. The stock is up 32 percent in the past 52 weeks, making it the third session in a row
NATIONAL FERTILIZERS: Due to the record production of urea, inventory increases the most in almost 17 weeks. The company announced on the stock exchanges that in the third quarter of fiscal year 21 it had achieved the highest ever production of 9.99 lakh MT urea, thus surpassing previous records. The company added that the Nangal and Panipat plants achieved their best urea production ever from October to December 2020. The stock gained 51 percent in the last 52 weeks and is due for a third meeting in a row
HDFC: India’s largest mortgage lender hits new trading highs today. HDFC told the exchanges that the retail loan business continued to improve in the third quarter, with payout growth up 26% year over year. In the nine months ended December 31, 2020, the individual loan payments were 86 percent of the prior-year period. The stock has risen the most since December 24th and is available for the fourth meeting in a row
IIFL SECURITIES: Share gains more than 4 percent over the course of the day as wholly owned subsidiary IIFL Insurance Brokers obtains approval from the insurance regulator to conduct e-commerce activities for insurance companies. The share has gained over 8 percent in trading and is due for the second meeting in a row
BAJAJ FINANCE: inventory for a fourth session in a row. Bajaj Finance Q3 booked new loans of 6 million compared to 7.7 million in the same period last year. The company gained 2.2 million new customers in the third quarter, up from 2.5 million a year ago.
INFO EDGE: The share rises in trading by over 9% to an all-time high. Zomato Private Limited, the online food restaurant discovery and delivery platform, reported revenues for fiscal 2019-20 at Rs.2486 billion, an increase of 84 percent since last fiscal year. The stock is up over 100 percent in the past 52 weeks and up 25 percent in the past 30 days.