Jain Irrigation Systems, Bharat Financial Inclusion, Jaiprakash Associates and Bajaj Electricals are among the other gainers in the BSE's 'A' group today, 25 May 2017.
Sintex Industries jumped 43.43% at Rs 26.75 as the stock is trading ex-scheme of arrangement today, 25 May 2017, for the demerger of its plastics division. The stock topped the gainers in 'A' group. On the BSE, 3.6 crore shares were traded on the counter so far as against the average daily volumes of 17.04 lakh shares in the past two weeks.
Sintex Industries' board, in September 2016, had approved a composite scheme of arrangement for the demerger of the 'custom moulding business' and the 'prefab business' from Sintex Industries to Sintex-BAPL and Sintex Infra Projects, respectively, each a wholly owned subsidiary of Sintex Plastics Technology (SPTL).
Jain Irrigation Systems surged 9.24% at Rs 94 after consolidated net profit rose 23.96% to Rs 77.6 crore on 9.58% rise in revenue from operations to Rs 2286.5 crore in Q4 March 2017 over Q4 March 2016. The result was announced after market hours yesterday, 24 May 2017. The stock was the second biggest gainer in 'A' group. On the BSE, 18.59 lakh shares were traded on the counter so far as against the average daily volumes of 8.57 lakh shares in the past two weeks.
Bharat Financial Inclusion spurted 7.73% at Rs 720.50. The stock was the third biggest gainer in 'A' group. On the BSE, 3.6 lakh shares were traded on the counter so far as against the average daily volumes of 7.75 lakh shares in the past two weeks.
Jaiprakash Associates rose 6.96% at Rs 9.99. The stock was the fourth biggest gainer in 'A' group. On the BSE, 47.2 lakh shares were traded on the counter so far as against the average daily volumes of 57.9 lakh shares in the past two weeks.
Bajaj Electricals gained 5.37% at Rs 344.60. The stock was the fifth biggest gainer in 'A' group. On the BSE, 68,000 shares were traded on the counter so far as against the average daily volumes of 42,000 shares in the past two weeks.
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