Shares of Balaji Amines zoomed 20 per cent to hit a new high of Rs 1,514 on the BSE in Tuesday s intra-day trade after its profit more-than-doubled to Rs 70.16 crore in the October-December quarter (Q3FY21) on the back of healthy revenue. The specialty chemicals company had posted a profit of Rs 26.73 crore in the year-ago quarter. Total income increased 63.7 per cent year-on-year (YoY) to Rs 366.85 crore as sales volume jumped 34 per cent YoY. Ebitda (earnings before interest, taxes, depreciation, and amortisation) was at Rs 98.77, up 116 per cent YoY. Ebitda margin improved 647 basis points (bps) to 26.92 per cent from 20.45 per cent in the previous year quarter.
Shares of IndusInd Bank rallied 8 per cent to Rs 914 on the BSE in Monday s session, up 14 per cent in the past two trading days, after the bank posted a decent set of October-December quarter (Q3FY21) numbers with a 25 per cent quarter-on-quarter (QoQ) growth in net profit at Rs 830 crore, aided by improvement in core operating performance and lower provisions. Net interest income (NII) increased 10.8 per cent year on year (YoY) and 3.9 per cent QoQ to Rs 3,406 crore. Net interest margin (NIM) stood at 4.12 per cent for the quarter ended December 2020. Net non-performing assets (NPA) improved to 0.22 per cent as at Q3FY21 from 0.52 per cent a quarter ago, well provided for with provision coverage ratio (PCR) at 87 per cent. Pro forma net NPA, considering NPA not recognized due to Supreme Court’s order, stood at 0.70 per cent and pro forma PCR at 77 per cent, IndusInd Bank said in press release.
Shares of Apollo Hospitals Enterprises jumped 4 per cent in intra-day trade on Monday to hit a new high of Rs 2,688, in an otherwise subdued market, after the company said it has raised Rs 1,170 crore via qualified institutional placement (QIP) issue. The stock surpassed its previous high of Rs 2,683 touched on January 21. In the past three months, the stock has outperformed the market by surging 30 per cent as compared to a 20 per cent rise in the S&P BSE Sensex. At 01:32 pm, the benchmark index was up 0.07 per cent at 48,911.
Apollo Hospitals Enterprises, engaged in healthcare facilities business, has allotted 4.66 million equity shares to 102 qualified institutional buyers (QIBs) at a price of Rs 2,511 per share, according to a disclosure made by the company to stock exchanges. It had the fixed floor price at Rs 2,508.58 per share.
Shares of NCC Limited rose 5 per cent on the BSE on Friday after the firm said it has received orders worth Rs 8,980 crore during the month of December. The scrip rose as much as 4.85 per cent to intraday high of Rs 60.45. It was trading close to its 52-week high level of Rs 61, scaled on January 16, 2020. The Hyderabad-based contstruction firm in a BSE filing, on Friday, said that it has won 15 new orders, totaling to Rs 8,980 crore, in the month of December. These orders are received from central and state government agencies and do not include any internal orders. The Board of Directors of NCC on Wednesday, December 30, approved issuance of 1,80,00,000 fully convertible warrants on preferential basis, to the promoters of the company in accordance with the provisions of the Companies Act, 2013.
Read more about Bajaj Auto hits 52-week high on signing pact to set up factory in Chakan on Business Standard. The facility will be utilised for manufacturing high-end KTM, Husqvarna and Triumph motorcycles as well as for electric vehicles, starting with Chetak