Mahindra CIE Automotive will hold a meeting of the Board of Directors of the Company on 21 July 2020.

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BSE Ltd, VRL Logistics Ltd, Balmer Lawrie & Company Ltd, Rail Vikas Nigam Ltd are among the other stocks to see a surge in volumes on NSE today, 23 June 2020.

Mahindra CIE Automotive Ltd clocked volume of 57.73 lakh shares by 14:19 IST on NSE, a 79.38 times surge over two-week average daily volume of 72723 shares. The stock gained 4.98% to Rs.120.15. Volumes stood at 1.56 lakh shares in the last session.

BSE Ltd recorded volume of 15.53 lakh shares by 14:19 IST on NSE, a 12.22 times surge over two-week average daily volume of 1.27 lakh shares. The stock gained 9.66% to Rs.461.40. Volumes stood at 1.58 lakh shares in the last session.

VRL Logistics Ltd saw volume of 8.45 lakh shares by 14:19 IST on NSE, a 9.59 fold spurt over two-week average daily volume of 88164 shares. The stock increased 9.15% to Rs.168.85. Volumes stood at 1.44 lakh shares in the last session.

Balmer Lawrie & Company Ltd recorded volume of 15.73 lakh shares by 14:19 IST on NSE, a 7.44 times surge over two-week average daily volume of 2.11 lakh shares. The stock gained 4.38% to Rs.118.00. Volumes stood at 7.12 lakh shares in the last session.

Rail Vikas Nigam Ltd clocked volume of 210.82 lakh shares by 14:19 IST on NSE, a 4.83 times surge over two-week average daily volume of 43.61 lakh shares. The stock gained 6.30% to Rs.20.25. Volumes stood at 46.53 lakh shares in the last session.

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Lemon Tree Hotels Ltd, Edelweiss Financial Services Ltd, Dish TV India Ltd, Hindustan Zinc Ltd are among the other stocks to see a surge in volumes on BSE today, 12 June 2020.

Mahindra CIE Automotive Ltd recorded volume of 4.95 lakh shares by 10:52 IST on BSE, a 36.98 times surge over two-week average daily volume of 13397 shares. The stock lost 3.07% to Rs.97.95. Volumes stood at 2019 shares in the last session.

Lemon Tree Hotels Ltd clocked volume of 9.47 lakh shares by 10:52 IST on BSE, a 24.45 times surge over two-week average daily volume of 38711 shares. The stock gained 4.92% to Rs.28.80. Volumes stood at 11458 shares in the last session.

Edelweiss Financial Services Ltd notched up volume of 15.54 lakh shares by 10:52 IST on BSE, a 20.88 fold spurt over two-week average daily volume of 74446 shares. The stock slipped 3.73% to Rs.42.60. Volumes stood at 45673 shares in the last session.

Dish TV India Ltd witnessed volume of 71.09 lakh shares by 10:52 IST on BSE, a 9.47 times surge over two-week average daily volume of 7.51 lakh shares. The stock increased 4.86% to Rs.6.90. Volumes stood at 2.54 lakh shares in the last session.

Hindustan Zinc Ltd saw volume of 3.14 lakh shares by 10:52 IST on BSE, a 6.24 fold spurt over two-week average daily volume of 50223 shares. The stock dropped 1.04% to Rs.170.70. Volumes stood at 23422 shares in the last session.

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The company's consolidated EBITDA declined 37% to Rs 187.10 crore in Q1 March 2020 as against Rs 297.40 crore reported in the same period last year. EBITDA margin fell to 11.7% in Q1 March 2020 from 14.4% posted in Q1 March 2019. Business margins affected by sales drop mainly due to COVID-19. The result was announced after market hours yesterday, 23 April 2020.

The company's India plants shut from 23 March 2020 due to the fight against COVID-19 virus in accordance with directions from the state governments where they are located. Metalcastello (Italy) was also closed from 23 March 2020 as per orders of the Italian government. The company's other plants ¡n Europe were also closed during the last week of March to adapt to reduced customer demand. CIE Automotive S.A. through its subsidiary acquired 121,002 shares of MCIE from the open market during the trading week ended 3 April 2020.

Mahindra CIE Automotive is an auto components supplier with presence in many technologies, which include forgings, castings, stampings, magnetic products and composites. It is focused on the automotive market, including cars, utility vehicles, commercial vehicles and tractors.

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