Top 3 Stock News of the Day: Everyday, there is some stir in the stock markets. Some stock be moving very actively while others be losing very soon. In this write up we are trying to wrap up those stock which showed high movement in the single day. Today’s top 3 stock news are related to the stock DLF, IGL, and Thyocare.
DLF price gains 6% after MSCI inclusion
Shares of DLF gained more than 6% in the morning trade on November 8 after it found a place in MSCI India Domestic Index. Morgan Stanely Capital International has included DLF as India’s Domestic Index in the re-balancing of portfolio. In the quarter ended recently, the company posted 19% jump in the net profit at Rs 445.9 crore versus Rs 374.4 crore in the same quarter last fiscal. The revenue of the company was down 19.8 percent at Rs 1,715.5 crore versus Rs 2,139 crore. EBITDA was down 46.9 percent at Rs 350.3 crore with respect to Rs 659.3 crore, while the margin was down at 20.4 percent versus 30.8 percent, year on year basis.
Share Price of Indraprastha Gas Ltd hits 52 week high on MSCI inclusion
Share price of Indraprastha Gas Ltd touched 52 week high of 422(approx), rising nearly 8% intraday on November 8th. The company had posted a strong growth numbers in the quarterly results. The company Q2 standalone profit raised to at Rs 381 crore versus Rs 218.4 crore in the quarter ended in June.
On better quarter 2 results the Thyocare rose 8%
Share of Thyocare Technologies rose 8% intraday on November 8 after the company reported better numbers in the quarter ended September 2019. The consolidated profit of the company rose to 38% at 35 crore against 25 crore in the same period a year ago. Revenue was 11.9 percent up at Rs 116.2 crore versus previous Rs 103.9 crore. EBITDA also gained 21.2 percent at Rs 52.1 crore and EBITDA margin was also up 340 bps at 44.8 percent.