MAS Financial Services Ltd, Gujarat Pipavav Port Ltd, EID Parry (India) Ltd, Mahanagar Telephone Nigam Ltd are among the other stocks to see a surge in volumes on NSE today, 06 June 2018.

TVS Srichakra Ltd witnessed volume of 51082 shares by 14:24 IST on NSE, a 13.93 times surge over two-week average daily volume of 3668 shares. The stock increased 1.58% to Rs.2,997.85. Volumes stood at 6244 shares in the last session.

MAS Financial Services Ltd clocked volume of 1.04 lakh shares by 14:21 IST on NSE, a 8.96 times surge over two-week average daily volume of 11649 shares. The stock gained 0.20% to Rs.599.95. Volumes stood at 19502 shares in the last session.

Gujarat Pipavav Port Ltd saw volume of 9.96 lakh shares by 14:24 IST on NSE, a 5.77 fold spurt over two-week average daily volume of 1.73 lakh shares. The stock increased 3.27% to Rs.115.25. Volumes stood at 1.34 lakh shares in the last session.

EID Parry (India) Ltd saw volume of 4.95 lakh shares by 14:24 IST on NSE, a 5.03 fold spurt over two-week average daily volume of 98465 shares. The stock increased 3.90% to Rs.226.65. Volumes stood at 1.27 lakh shares in the last session.

Mahanagar Telephone Nigam Ltd saw volume of 26.71 lakh shares by 14:24 IST on NSE, a 5.03 fold spurt over two-week average daily volume of 5.31 lakh shares. The stock increased 15.23% to Rs.17.40. Volumes stood at 6.06 lakh shares in the last session.

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TVS Srichakra announced that the Board of Directors of the Company at its meeting held on 22 May 2018, has recommended a dividend of Rs.40 per share (i.e.400%), subject to the approval of the shareholders.

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Net profit of TVS Srichakra declined 10.74% to Rs 28.68 crore in the quarter ended March 2018 as against Rs 32.13 crore during the previous quarter ended March 2017. Sales rose 16.15% to Rs 552.85 crore in the quarter ended March 2018 as against Rs 475.97 crore during the previous quarter ended March 2017.

For the full year,net profit declined 24.28% to Rs 117.61 crore in the year ended March 2018 as against Rs 155.33 crore during the previous year ended March 2017. Sales rose 9.79% to Rs 2152.25 crore in the year ended March 2018 as against Rs 1960.42 crore during the previous year ended March 2017.

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TVS Srichakra is acquiring 5 lakh equity shares in ZF Electronics (TVS) India through its wholly owned subsidiary, TVS Srichakra Investments.

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