Ingersoll-Rand (India) Ltd, Rail Vikas Nigam Ltd, Jammu and Kashmir Bank Ltd and T.V. Today Network Ltd are among the other gainers in the BSE's 'A' group today, 08 January 2021.

Elgi Equipments Ltd spiked 14.60% to Rs 182.5 at 11:48 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 1.02 lakh shares were traded on the counter so far as against the average daily volumes of 20113 shares in the past one month.

Ingersoll-Rand (India) Ltd soared 12.92% to Rs 730. The stock was the second biggest gainer in 'A' group. On the BSE, 72158 shares were traded on the counter so far as against the average daily volumes of 2391 shares in the past one month.

Rail Vikas Nigam Ltd surged 12.24% to Rs 32.55. The stock was the third biggest gainer in 'A' group. On the BSE, 49.85 lakh shares were traded on the counter so far as against the average daily volumes of 21.52 lakh shares in the past one month.

Jammu and Kashmir Bank Ltd added 9.94% to Rs 26.55. The stock was the fourth biggest gainer in 'A' group. On the BSE, 30.45 lakh shares were traded on the counter so far as against the average daily volumes of 4.55 lakh shares in the past one month.

T.V. Today Network Ltd spurt 7.52% to Rs 242.35. The stock was the fifth biggest gainer in 'A' group. On the BSE, 24814 shares were traded on the counter so far as against the average daily volumes of 6538 shares in the past one month.

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The stock has added 15.2% in five sessions from its recent closing low of Rs 117.75 on 17 November 2020.

On the technical front, the stock is currently trading above its 50-day, 100-day and 200-day simple moving averages (SMA) placed at 116.35, 106.39 & 92.06, respectively.

The scrip's RSI (relative strength index) stood at 73.807. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

A domestic brokerage has reportedly given a buy rating to Elgi Equipments with a price target of Rs 140.

Elgi Equipments reported 185.4% jump in consolidated net profit to Rs 33.25 crore on a 8% rise in net sales to Rs 480.27 crore in Q2 FY21 over Q2 FY20.

Elgi Equipments designs and manufactures an extensive range of innovative and technologically advanced compressed air solutions for a variety of industry applications.

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Suprajit Engineering Ltd, Venkys (India) Ltd, Vardhman Textiles Ltd, Jammu and Kashmir Bank Ltd are among the other stocks to see a surge in volumes on NSE today, 09 November 2020.

Elgi Equipments Ltd clocked volume of 10.24 lakh shares by 14:19 IST on NSE, a 37.62 times surge over two-week average daily volume of 27232 shares. The stock gained 11.25% to Rs.119.65. Volumes stood at 16830 shares in the last session.

Suprajit Engineering Ltd registered volume of 11.14 lakh shares by 14:19 IST on NSE, a 13.65 fold spurt over two-week average daily volume of 81595 shares. The stock rose 4.39% to Rs.195.15. Volumes stood at 1.98 lakh shares in the last session.

Venkys (India) Ltd clocked volume of 9.39 lakh shares by 14:19 IST on NSE, a 5.87 times surge over two-week average daily volume of 1.60 lakh shares. The stock gained 5.69% to Rs.1,679.00. Volumes stood at 4.73 lakh shares in the last session.

Vardhman Textiles Ltd saw volume of 1.66 lakh shares by 14:19 IST on NSE, a 5.78 fold spurt over two-week average daily volume of 28771 shares. The stock increased 6.33% to Rs.867.00. Volumes stood at 18192 shares in the last session.

Jammu and Kashmir Bank Ltd clocked volume of 42.37 lakh shares by 14:19 IST on NSE, a 5.41 times surge over two-week average daily volume of 7.84 lakh shares. The stock gained 8.39% to Rs.15.50. Volumes stood at 15.55 lakh shares in the last session.

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Net profit of Elgi Equipments rose 185.41% to Rs 33.25 crore in the quarter ended September 2020 as against Rs 11.65 crore during the previous quarter ended September 2019. Sales rose 7.99% to Rs 480.27 crore in the quarter ended September 2020 as against Rs 444.74 crore during the previous quarter ended September 2019.

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