ITD Cementation India Ltd, Mahanagar Gas Ltd, Venkys (India) Ltd, Housing Development Finance Corporation Ltd are among the other stocks to see a surge in volumes on BSE today, 20 August 2019.

Bajaj Electricals Ltd clocked volume of 5 lakh shares by 10:49 IST on BSE, a 75.15 times surge over two-week average daily volume of 6658 shares. The stock lost 0.24% to Rs.382.00. Volumes stood at 3140 shares in the last session.

ITD Cementation India Ltd recorded volume of 7.63 lakh shares by 10:50 IST on BSE, a 16 times surge over two-week average daily volume of 47672 shares. The stock lost 2.44% to Rs.70.00. Volumes stood at 1261 shares in the last session.

Mahanagar Gas Ltd witnessed volume of 4.1 lakh shares by 10:50 IST on BSE, a 6.22 times surge over two-week average daily volume of 65895 shares. The stock increased 7.76% to Rs.848.45. Volumes stood at 86193 shares in the last session.

Venkys (India) Ltd registered volume of 36797 shares by 10:50 IST on BSE, a 4.56 fold spurt over two-week average daily volume of 8067 shares. The stock rose 9.69% to Rs.1,483.00. Volumes stood at 4539 shares in the last session.

Housing Development Finance Corporation Ltd clocked volume of 4.2 lakh shares by 10:50 IST on BSE, a 3.6 times surge over two-week average daily volume of 1.17 lakh shares. The stock lost 0.30% to Rs.2,107.80. Volumes stood at 62958 shares in the last session.

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Bajaj Electricals Ltd lost 3.27% today to trade at Rs 352.5. The S&P BSE Consumer Durables index is down 0.88% to quote at 22056.15. The index is down 5.06 % over last one month. Among the other constituents of the index, Rajesh Exports Ltd decreased 1.46% and Titan Company Ltd lost 1.28% on the day. The S&P BSE Consumer Durables index went up 0.4 % over last one year compared to the 3.02% fall in benchmark SENSEX.

Bajaj Electricals Ltd has lost 26.89% over last one month compared to 5.06% fall in S&P BSE Consumer Durables index and 5.13% drop in the SENSEX. On the BSE, 1864 shares were traded in the counter so far compared with average daily volumes of 13020 shares in the past one month. The stock hit a record high of Rs 646 on 09 Aug 2018. The stock hit a 52-week low of Rs 338.85 on 31 Jul 2019.

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Net profit of Bajaj Electricals declined 65.87% to Rs 13.70 crore in the quarter ended June 2019 as against Rs 40.14 crore during the previous quarter ended June 2018. Sales rose 14.18% to Rs 1295.38 crore in the quarter ended June 2019 as against Rs 1134.53 crore during the previous quarter ended June 2018.

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Bajaj Electricals announced that CARE Ratings has downgrade in the credit rating of the Company's Commercial Paper (CP) issuance (aggregating to Rs.500 crore), from 'CARE A1+ (A One Plus)' to 'CARE A1 (A One)', along with the rationale for such downgrade.

The Rating Agency has inter alia considered the moderation in liquidity profile marked by large accumulation of receivables under engineering procurement commission in (EPC) division of the Company, affecting the cash generated from operations for financial year 2019, as the primary reason for its downgrade of the credit rating of the Company.

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