 "PVR, Pidilite Industries, Grasim Industries, Muthoot Finance hit record high")
PVR, Pidilite Industries, Grasim Industries, Muthoot Finance, Bharat Petroleum Corporation (BPCL), APL Apollo, Carborundum Universal and Tube Investments of India are from the BSE500 index hitting their respective lifetime highs on the Bombay Stock Exchange (BSE) in intra-day trade.
Shares of PVR, a leading multiplex operator, have gain 5% to Rs 995 on the BSE. In past three-months, the stock rallied 41% as compared to 7% rise in the S&P BSE Sensex.
Last week, on June 22, PVR announced rating agency CRISIL has upgraded the credit rating of bank loan facility and non-convertible debentures.
The upgrade is driven by CRISIL's belief that improvement in PVR's financial risk profile will sustain over the medium term supported by sizeable scale and strong market position in the film exhibition industry.
The rating agency believes PVR will sustain improvement in its debt/EBITDA ratio over the medium term on account of healthy operating efficiency and limited increase in debt as internal accrual will be sufficient to fund organic growth.
Muthoot Finance surged 5% to Rs 293, extending its month-long rally, after reported a better-than-expected March quarter results. Post results, the stock soared 36% as compared to unchanged in Sensex.
The company posted 61% year on year jump in net profit at Rs 265 crore for the quarter ended March 2016 (Q4FY16), on back of healthy operational income.
Commenting on the results M G George Muthoot, Chairman stated “The last quarter of the year witnessed aggressive collection effort on overdue accounts which resulted in higher yields. Further, avoidance of settlement schemes as well as higher realization on auction of overdue loan accounts due to increased gold prices as well as increase in loan portfolio has also enabled us to improve the yield.”
Pidilite Industries gained 4% to Rs 732 on the BSE in intra-day trade. Thus far in 2016, the stock surged 32% against 2% rise in the benchmark index.
Shares of PVR, a leading multiplex operator, have gain 5% to Rs 995 on the BSE. In past three-months, the stock rallied 41% as compared to 7% rise in the S&P BSE Sensex.
Last week, on June 22, PVR announced rating agency CRISIL has upgraded the credit rating of bank loan facility and non-convertible debentures.
The upgrade is driven by CRISIL's belief that improvement in PVR's financial risk profile will sustain over the medium term supported by sizeable scale and strong market position in the film exhibition industry.
The rating agency believes PVR will sustain improvement in its debt/EBITDA ratio over the medium term on account of healthy operating efficiency and limited increase in debt as internal accrual will be sufficient to fund organic growth.
Muthoot Finance surged 5% to Rs 293, extending its month-long rally, after reported a better-than-expected March quarter results. Post results, the stock soared 36% as compared to unchanged in Sensex.
The company posted 61% year on year jump in net profit at Rs 265 crore for the quarter ended March 2016 (Q4FY16), on back of healthy operational income.
Commenting on the results M G George Muthoot, Chairman stated “The last quarter of the year witnessed aggressive collection effort on overdue accounts which resulted in higher yields. Further, avoidance of settlement schemes as well as higher realization on auction of overdue loan accounts due to increased gold prices as well as increase in loan portfolio has also enabled us to improve the yield.”
Pidilite Industries gained 4% to Rs 732 on the BSE in intra-day trade. Thus far in 2016, the stock surged 32% against 2% rise in the benchmark index.
