 "Bharati Defence, Walchandnagar among 10 stocks rallying over 50% in a week")
Bharati Defence and Infrastructure, Walchandnagar Industries, Shivalik Bimetal Controls, Toyo Rolls and Tinplate Company are among 10 stocks, which have rallied more than 50% in past one week.
Bharati Defence and Infrastructure is locked in upper circuit for the fourth straight trading sessions, up 10% at Rs 15.73 on BSE. It rallied 79% from Rs 8.79 on September 13, on media reports that Germany Dry Docks looks to acquire the company.
“Company is under Corporate Insolvency Resolution Process (CIRP) and public notices have been published, inviting, expression of interest from the resolution applicants by our Resolution Professional (IP), Mr. Dinesh Shah. RP is having discussions with interested parties who are inclined to participate in the resolution but we have not received the term sheet so far,” Bharati Defence and Infrastructure said on a clarification on news report.
Shivalik Bimetal Controls hit 52-week high of Rs 150, up 5% on BSE, rallied 59% in one week, after the company fixed October 6, 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. 1 new equity bonus share for every existing fully paid-equity share.
The company engaged in electronic components business had reported more than two-fold jump in net profit at Rs 3.81 crore in June quarter (Q1FY18) against Rs 1.53 crore in a year ago quarter.
Walchandnagar Industries too hit a 52-week high of Rs 241 on BSE in intra-day trade on back of heavy volumes. The trading volumes on the counter jumped more than seven-fold with a combined 8.21 million shares changed hands on NSE and BSE till 11:51 AM.
The construction & engineering company has trimmed its net losses to Rs 8.47 crore in Q1FY18 from Rs 13.55 crore in Q1FY17. The company’s profit before interest, tax, depreciation and amortization or EBITDA grew 84% to Rs 19.82 crore during the quarter under review against Rs 10.77 crore in a year ago quarter.
Bharati Defence and Infrastructure is locked in upper circuit for the fourth straight trading sessions, up 10% at Rs 15.73 on BSE. It rallied 79% from Rs 8.79 on September 13, on media reports that Germany Dry Docks looks to acquire the company.
“Company is under Corporate Insolvency Resolution Process (CIRP) and public notices have been published, inviting, expression of interest from the resolution applicants by our Resolution Professional (IP), Mr. Dinesh Shah. RP is having discussions with interested parties who are inclined to participate in the resolution but we have not received the term sheet so far,” Bharati Defence and Infrastructure said on a clarification on news report.
Shivalik Bimetal Controls hit 52-week high of Rs 150, up 5% on BSE, rallied 59% in one week, after the company fixed October 6, 2017 as the record date for the purpose of ascertaining the eligibility of shareholders for issuance of bonus shares in the ratio of 1:1 i.e. 1 new equity bonus share for every existing fully paid-equity share.
The company engaged in electronic components business had reported more than two-fold jump in net profit at Rs 3.81 crore in June quarter (Q1FY18) against Rs 1.53 crore in a year ago quarter.
Walchandnagar Industries too hit a 52-week high of Rs 241 on BSE in intra-day trade on back of heavy volumes. The trading volumes on the counter jumped more than seven-fold with a combined 8.21 million shares changed hands on NSE and BSE till 11:51 AM.
The construction & engineering company has trimmed its net losses to Rs 8.47 crore in Q1FY18 from Rs 13.55 crore in Q1FY17. The company’s profit before interest, tax, depreciation and amortization or EBITDA grew 84% to Rs 19.82 crore during the quarter under review against Rs 10.77 crore in a year ago quarter.
| COMPANY | LATEST | 1-WEEK BEFORE | GAIN(%) |
| BHARATI DEFENCE | 15.73 | 8.79 | 79.0 |
| PICCADILY AGRO | 16.28 | 9.77 | 66.6 |
| PICCADILY SUGAR | 11.07 | 6.75 | 64.0 |
| SHIVALIK BIMETAL | 147.85 | 92.90 | 59.2 |
| HIND RECTIFIERS | 142.30 | 90.10 | 57.9 |
| WALCHAN. INDS. | 234.65 | 149.55 | 56.9 |
| PSL | 5.23 | 3.36 | 55.7 |
| TAYO ROLLS | 84.40 | 54.40 | 55.2 |
| MIRC ELECTRONICS | 25.59 | 16.79 | 52.4 |
| TINPLATE CO. | 272.65 | 179.30 | 52.1 |
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