Berger Paints, Ujjivan stocks gain; Mphasis, Jain Irrigation drops post Q4 numbers

Shares of Berger Paints, Ujjivan gained while, Mphasis, Jain Irrigation fell post Q4FY19 numbers.

May 31, 2019 06:05 IST India Infoline News Service

Stock Exchange
Shares of Berger Paints jumped 9% on BSE after the company reported an increase of 4.9% in its consolidated net profit to Rs111.4cr for the fourth quarter ended on March 31. The company had posted a net profit of Rs106.2cr in the January-March quarter a year ago. The rally was also led by oil prices fell to lower levels in 3 months. The company's revenue from operations during the quarter was up 13.38% to Rs1,472cr.

Shares of Ujjivan Financial Services zoomed 3%. The company on Thursday reported a standalone net profit of Rs11.91cr in the last quarter of fiscal ended March 2019. It had reported a net loss of Rs19.52 lakh in the corresponding quarter last year.

Shares of Mphasis fell 1% despite net profit increase by 11.98% to Rs266.15cr in the quarter ended March 2019 as against Rs237.67cr during the previous quarter ended March 2018. Its sales also rose 16% to Rs2,024.96cr in the quarter ended March 2019 as against Rs1,744.49cr during the previous quarter ended March 2018.

Jain Irrigation stock slipped over 8% on the BSE in the late morning trade after the company posted a net profit decline by 44.8% at Rs53.8cr. The company’s Q4 revenue was also down 6% to Rs2,583.1cr.

Stock view:
Berger Paints India Ltd is currently trading at Rs325.25, up by Rs24.85 or 8.27% from its previous closing of Rs300.40 on the BSE.

Ujjivan Financial Services Ltd is currently trading at Rs347, up by Rs6.5 or 1.91% from its previous closing of Rs340.50 on the BSE.

Jain Irrigation Systems Ltd is currently trading at Rs49.60, down by Rs4.6 or 8.49% from its previous closing of Rs54.20 on the BSE.

Mphasis Ltd is currently trading at Rs990, down by Rs12.45 or 1.24% from its previous closing of Rs1,002.45 on the BSE.

Related Story