buy Nifty Bank Futures 35800 —35700 target price 37000+ SL Paid.
Affle India Ltd. rose 8.9% with its trading volume at nine times the daily average. The stock was the best performer among its peers.
- The Indraprastha Gas Distributor’s Revenue Growth Remained Flat
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- Buy Gold MCX 50150—50120 Target 50235–50320 SL PAID
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Trading volume was 64,685 shares, nine times the 20-day average of 7,049 shares for this time of day. The relative strength index on the stock was above 70, indicating it may be overbought.
Stock advanced 177% in the past 52 weeks while the Sensex gained 25% during the same period. The shares are up 33% in the past 5 days.
it trades at 127 times its estimated earnings per share for the coming year. It trades at 196 times trailing EPS.
Indraprastha Gas Swings On Q3 Performance
Shares of the city gas company climbed as much as 3.3% after opening 2% lower after it posted a mixed set of earnings on Wednesday market hours.
Net profit of the city gas distributor rose 18% over the year earlier to Rs 334.9 crore in the three months ended December, according to an exchange filing. That compares with the Rs 327.7-crore consensus estimate of analysts tracked by Bloomberg.
Its net sales fell 13% to Rs 1,446.1 crore, against the Rs 1,500.3-crore forecast. Overall volumes declined 6% year-on-year to 6.26 mmscmd, while CNG volumes fell 9% to 412 million scm.
Disclaimer
This article is intended for educational purposes only. The views and opinions expressed are those of individual analysts or brokerage firms and do not represent the views of GoldSilverReports.com. Investors are strongly advised to consult certified financial experts before making any investment or trading decisions.
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