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Affle India Shares Rise 8.9%; Trading Volume Surges
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.
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.