Gold Silver Reports (GSR) – KRBL Rises On Heavy Volumes, Company Not Worried About Sanctions On Iran – Shares of the Delhi-based rice producer and exporter rose as much as 4.86 percent to Rs 531 on the back of heavy volumes.
Trading volume was 11.6 times its 20-day average.
Meanwhile, the maker of India Gate basmati rice is not overly worried about the U.S. reinstating sanctions on Iran. This despite the country along with Saudi Arabia account for nearly 40-45 percent of India’s basmati rice exports, according to rating agency ICRA.
Stocks Moving On Heavy Volumes
✅ SKF India: The Mumbai-based ball-bearings maker fell 2 percent to Rs 1,819. Trading volume was 12.3 times its 20-day average.
✅ IFB Industries: The Kolkata-based home improvement products maker rose 6 percent to Rs 1,390.65. Trading volume was 15.7 times its 20-day average.
✅ Relaxo Footwear: The Delhi-based footwear maker rose 3 percent to Rs 705.70. Trading volume was 11.2 times its 20-day average.
✅ Aditya Birla Fashion and Retail: The Mumbai-based apparel manufacturer and retailer rose 3 percent to Rs 146.20. Trading volume was 7.4 times its 20-day average.
Automotive Axles Surges On Strong Q4 Earnings
Shares of the Mysore-based auto component maker rose as much as 7.5 percent, the most in over four months, to Rs 1,689.95 after it reported strong March quarter earnings.
Key earnings highlights:
✅ Revenue up 30.5 percent at Rs 469 crore
✅ Net profit up 56 percent at Rs 28 crore
✅ Ebitda up 51 percent at Rs 55 crore
✅ Margin at 11.7 percent versus 10.2 percent
