Tuesday, October 18, 2022

5 stocks that moved the most on October 18

Polycab India | CMP: Rs 2,767 | The share price jumped over 5 percent after the firm reported a net profit of Rs 268 crore for the July-September period, a jump of 37.3 percent compared with the corresponding period a year ago, boosted by robust volume growth in its core cables and wires business. Its revenue increased 10.8 percent on a year-on-year basis to Rs 3,332.3 crore for the three-month period, according to a regulatory filing. Revenue from the wires and cables unit saw an increase of 13 percent to Rs 2,925.9 crore.

Can Fin Homes | CMP: Rs 522.90 | The stock gained over 4 percent after the company's net profit rose 14.6% to Rs 141.71 crore on a 40.5% increase in total income to Rs 657.55 crore in Q2 FY23 over Q2 FY22. The company's gross non-performing assets (NPAs) stood at Rs 178.69 crore as on 30 September 2022 as against Rs 185.08 crore as on 30 September 2021. Disbursements increased 1.67% YoY to Rs 2,245 crore during the quarter that ended on 30 September 2022. Outstanding loan book grew 22.21% to Rs 28,823 crore during the period under review.

Transformers and Rectifiers India | CMP: Rs 54.75 | The scrip added 3 percent after the company received two orders of transformers for a total contract value amounting to Rs 145 crore from well-known Indian companies. With this order, the company's Order book as of date stands at Rs 1521 crores.

PSP Projects | CMP: Rs 574.90 | The share price declined 10 percent after consolidated net profit declined 40.8% to Rs 21.54 crore on a 7.8% fall in revenue from operations to Rs 359.98 crore in Q2 FY23 over Q2 FY22. Cost of materials consumed stood at Rs 116.85 crore (down 6.92% YoY), Construction Expenses were at Rs 210.53 crore (up 13.5%), employee benefits expenses were at Rs 22.49 crore (up 44.95% YoY) and finance cost stood at Rs 70.49 crore (up 85.25% YoY) during the period under review.

J Kumar Infra | CMP: Rs 230.10 | The stock slipped over 3 percent after the company informed that the Income Tax Department, conducted a search, under Section 132 of the Income Tax Act, 1961, in the normal course of business at its Corporate Office, the residence of promoters of the company and at site offices of the Company from October 11, 2022, and concluded on October 17, 2022, J Kumar Infra said in its release.

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