GHCL Ltd, Zee Learn Ltd, Bata India Ltd, Jaiprakash Associates Ltd are among the other stocks to see a surge in volumes on NSE today, 18 June 2018.

Indo Count Industries Ltd registered volume of 21.85 lakh shares by 14:14 IST on NSE, a 8.54 fold spurt over two-week average daily volume of 2.56 lakh shares. The stock rose 14.34% to Rs.77.75. Volumes stood at 3.51 lakh shares in the last session.

GHCL Ltd notched up volume of 5.77 lakh shares by 14:14 IST on NSE, a 6.26 fold spurt over two-week average daily volume of 92189 shares. The stock rose 5.24% to Rs.288.00. Volumes stood at 76440 shares in the last session.

Zee Learn Ltd clocked volume of 11.72 lakh shares by 14:14 IST on NSE, a 3.57 times surge over two-week average daily volume of 3.28 lakh shares. The stock gained 2.46% to Rs.37.50. Volumes stood at 1.74 lakh shares in the last session.

Bata India Ltd recorded volume of 21.14 lakh shares by 14:14 IST on NSE, a 3.45 times surge over two-week average daily volume of 6.13 lakh shares. The stock gained 3.42% to Rs.806.15. Volumes stood at 7.78 lakh shares in the last session.

Jaiprakash Associates Ltd notched up volume of 915.14 lakh shares by 14:14 IST on NSE, a 2.97 fold spurt over two-week average daily volume of 308.06 lakh shares. The stock rose 8.65% to Rs.15.70. Volumes stood at 341.24 lakh shares in the last session.

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Indo Count Industries has won the prestigious “VASUNDHARA AWARD” from the Government of Maharashtra .The Company is adjudged as the2nd Best Company in the entire state of Maharashtra among all the large units. The award is on account of the companies' contribution towards the commitment & promotion of Environment, Energy Conservation / Natural Resources & Social / Welfare Activities.

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Indo Count Industries announced that ICRA and CARE Ratings has reviewed the Company's ratings as under:

a) ICRA has reaffirmed the long term rating as ICRA (AA minus) (pronounced ICRA double A minus) with a positive outlook.

b) CARE ratings has reaffirmed the long term bank facilities as CARE AA (pronounced double A). The outlook on the long term facilities has been revised to 'Negative' from 'Stable'.

c) ICRA and CARE have reaffirmed rating for the short term bank facilities as ICRA A1+ and CARE A1+ and respectively.

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Net profit of Indo Count Industries declined 45.10% to Rs 26.79 crore in the quarter ended March 2018 as against Rs 48.80 crore during the previous quarter ended March 2017. Sales declined 13.17% to Rs 405.94 crore in the quarter ended March 2018 as against Rs 467.51 crore during the previous quarter ended March 2017.

For the full year,net profit declined 42.52% to Rs 131.08 crore in the year ended March 2018 as against Rs 228.03 crore during the previous year ended March 2017. Sales declined 14.09% to Rs 1709.19 crore in the year ended March 2018 as against Rs 1989.60 crore during the previous year ended March 2017.

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