Stock Corner
1.
Shares of
railway related stocks such as Titagarh Wagons, Texmaco Rail & Engineering,
Cimmco, Hind Rectifiers and Commercial Engineering & Body Builders Company
have rallied up to 20%. The railway is
looking at 4,000 km of track renewal in each of the next two financial years
--2018-19 and 2019-20. Its estimated cost for 2018-19 is a little above Rs 100
billion.
2.
Punjab
National Bank rose 1.39% to Rs 80.05 on BSE after the bank said it received Rs
2816 crore capital infusion from the government. The announcement was made
after market hours yesterday, 23 July 2018.
3.
Shares of
Idea Cellular have surged 16% on the back of heavy volumes in anticipation that
the merger with Vodafone is likely to be approved in the next few days.
4.
Liquor firm
Radico Khaitan today reported 84.46 percent jump in its standalone net profit
to Rs 47.37 crore for the first quarter of the current fiscal. It had a net
profit of Rs 25.68 crore in the first quarter of last fiscal, 2017-18.
5.
Shares of
Delta Corp added 5 percent intraday Tuesday on the back of strong June quarter
numbers. The company's Q1 net profit surged 52 percent to Rs 28.61 crore versus
Rs 18.81 crore in the same quarter last fiscal. Revenue rose 36.7 percent to Rs
109.91 crore versus Rs 80.36 crore.
6.
Shares of
ACC gained around 13 percent on Tuesday morning as investors cheered the
company’s results. The stock touched an intraday high of Rs 1,468.00 and an
intraday low of Rs 1,395.10. The company posted a higher-than-expected 1.2
percent rise in second-quarter profit on Monday, helped by a fall in expenses.
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