Stocks in news August 11th: Power Grid Corporation, Shree Cement, ICICI Bank, Interglobe Aviation

Stocks in news August 11th: Power Grid Corporation, Shree Cement, ICICI Bank, Interglobe Aviation

Stocks in news August 11th: Power Grid Corporation, Shree Cement, ICICI Bank, Interglobe Aviation

Stocks in news August 11th: On Tuesday, both Sensex and Nifty reported a bullish trend in the stock market from the last two sessions. The Sensex is trading above 38,400 levels and Nifty is trading above 11,300 levels in the stock market. The Sensex gained 274.66 points with a 0.72% increase and reached a 38,456.01 level. While Nifty gained 73.90 points with a 0.66% increase and reached 11,345.05 level.

On the other side, the number of coronavirus cases in India reached 22,68,675 as of Tuesday, August 11th, and deaths reached 45,257.

Besides, there are some stocks in the news on August 11th stock market shown below:

Power Grid Corporation Limited: On Monday, the company reported its Q1 results for the financial year 2020-21. However, the company’s net profit stood at Rs. 1,978.90 crores as against Rs. 2,427.90 crores in the same quarter last year. While the company’s total revenue increased to Rs. 8,988.70 crores as against Rs. 8,804.10 crores in the same quarter last fiscal year.

However, the shares of Power Grid Corporation Limited on Tuesday reported a bearish trend in the stock market. The company lost 0.35 points with a 0.20% decrease and reached 177.00 INR. While in BSE, the company lost 0.35 points with a 0.20% decrease and reached 176.95 INR.

Shree Cement Limited: On Monday, the company reported its Q1 results for the financial year 2020-21. However, the company’s net profit stood at Rs. 370.80 crores as against Rs. 363.00 crores in the same quarter last year. While the company’s total revenue increased to Rs. 2,325.80 crores as against Rs. 3,036.41 crores in the same quarter last fiscal year.

However, the shares of Shree Cement Limited on Tuesday reported a bearish trend in the stock market. The company lost 908.45 points with a 4.06% decrease and reached 21,487.95 INR. While in BSE, the company lost 904.15 points with a 4.04% decrease and reached 21,484.00 INR.

Interglobe Aviation Limited: On Tuesday, the companies board members decided and approved to raise funds of Rs. 4,000.00 crores via an issue of equity shares. 

However, the shares of Interglobe Aviation Limited on Tuesday reported a bearish trend in the stock market. The company lost 11.70 points with a 1.23% decrease and reached 942.35 INR. While in BSE, the company lost 11.25 points with a 1.18% decrease and reached 941.65 INR.

ICICI Bank Limited: On Monday, the bank has set its floor price at Rs. 351.36 per each equity share via QIP, which opened on August 10th, 2020.

However, the shares of ICICI Bank Limited on Tuesday reported a bullish trend in the stock market. The bank gained 4.95 points with a 1.36% increase and reached 368.50 INR. While in BSE, the bank gained 4.90 points with a 1.35% increase and reached 368.50 INR.

Triveni Engineering Limited: On Tuesday, the company board decided and approved to buyback of shares for Rs. 105.00 per each share with almost 61.90 lakh shares via open tender. 

However, the shares of Triveni Engineering Limited on Tuesday reported a bullish trend in the stock market. The company gained 6.60 points with a 9.29% increase and reached 77.65 INR. While in BSE, the company gained 6.65 points with a 9.37% increase and reached 77.65 INR.

KEC International Limited: On Monday, the company reported its Q1 results for the financial year 2020-21. However, the company’s net profit stood at Rs. 70.80 crores as against Rs. 88.60 crores in the same quarter last year. While the company’s total revenue decreased to Rs. 2,206.80 crores as against Rs. 2,412.40 crores in the same quarter last fiscal year.

However, the shares of KEC International Limited on Tuesday reported a bullish trend in the stock market. The company gained 17.15 points with a 6.26% increase and reached 291.00 INR. While in BSE, the company gained 16.55 points with a 6.22% increase and reached 291.00 INR.

Eveready Industries Limited: On Monday, the company shares bought by the promoters Anirudh Damani for Rs. 150.05 per each share with almost 7,75,000 equity shares via the open market. On the other side, the company shares sold by the IndusInd Bank for Rs. 150.36 per each share with almost 32,46,608 equity shares via the open market.

However, the shares of Eveready Industries Limited on Tuesday reported a bullish trend in the stock market. The company gained 1.75 points with a 1.17% increase and reached 150.90 INR. While in BSE, the company gained 1.45 points with a 0.97% increase and reached 150.75 INR.

TVS Motors Company Limited: On Monday, the company shares bought by BNP Paribas Arbitrage for Rs. 417.05 per share with almost 35,47,551 equity shares.

However, the shares of TVS Motors Company Limited on Tuesday reported a bearish trend in the stock market. The company lost 2.55 points with a 0.61% decrease and reached 416.10 INR. While in BSE, the company lost 2.75 points with a 0.66% decrease and reached 415.80 INR.

Top Gainers on August 11th: Zee Entertainment, ITC, JSW Steel, Tata Steel, and HDFC are the top gainers in today’s stock market.

Top Losers on August 11th: Shree Cements, Titan Company, UPL, Bharti Infratel, and Dr. Reddy’s Laboratories are the top losers in today’s stock market. 

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