Read more about Rupa & Co spurts after turnaround Q4 numbers on Business Standard. Rupa & Company soared 14.11% to Rs 452.45 after the company posted a consolidated net profit of Rs 65.90 crore in Q4 FY21 compared with net loss of Rs 4.28 crore in Q4 FY20.
Markets regulator Sebi on Wednesday prohibited Ashika Capital from accepting any new clients for three months for lapses in its role as a merchant banker in the IPO of Sudar Industries. The present matter emanates from an investigation carried out by Sebi into the IPO of Sudar Industries Ltd (SIL) for which Ashika Capital Limited was the Book Running Lead Manager (BRLM). Consequent to such investigation, lapses in Ashika Capital s role as the BRLM were found. In its order, Sebi said that the issuer company did not disclose the transactions of Addon Exports, A R Fabrics, ElimTraders, R J Traders and Shalom Fashion, which were proprietorship firms of employees of SIL and persons connected or related to key management personnel of SIL, in the Related Party Transactions.
Arvind Fashions rose 2.31% to Rs 161.50 on bargain hunting after a recent slide.
The stock declined 8.41% in the past five sessions to end at Rs 157.85 yesterday (15 March 2021), from its recent closing high of Rs 172.35 on 5 March 2021.
In the past one year, the stock has declined by 33.65% while the benchmark Sensex has added 61.50% during the same period.
On the technical front, the stock s RSI (relative strength index) stood at 52.072. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.
The stock was trading above its 50-day, 100-day and 200-day daily simple moving average (SMA) placed at 155.77, 145.90 and 143.92, respectively.
India Tourism Development Corporation Ltd, Reliance Infrastructure Ltd, Kitex Garments Ltd and Meghmani Organics Ltd are among the other gainers in the BSE s A group today, 10 March 2021.
India Tourism Development Corporation Ltd, Reliance Infrastructure Ltd, Kitex Garments Ltd and Meghmani Organics Ltd are among the other gainers in the BSE s A group today, 10 March 2021.
Morepen Laboratories Ltd surged 13.30% to Rs 37.9 at 11:48 IST. The stock was the biggest gainer in the BSE s A group. On the BSE, 19.56 lakh shares were traded on the counter so far as against the average daily volumes of 5.36 lakh shares in the past one month.
India Tourism Development Corporation Ltd spiked 11.44% to Rs 416.55. The stock was the second biggest gainer in A group. On the BSE, 2.17 lakh shares were traded on the counter so far as against the average daily volumes of 23173 shares in the past one month.