DSIJ Mindshare

Hero Moto Ltd, the largest motorcycle maker by volume in the world, has jumped over 3 per cent today from its previous close of Rs 2,670.85 as the company raised ex-showroom prices of its vehicles by R 3000. From July 1, 2022, the price hike will be effective and the exact quantum of increase will be subject to the specific model and market.

Jain Irrigation Systems Ltd (JISL), engaged in the manufacturing of irrigation systems, PVC pipes and allied agriculture products has jumped over 11 per cent today from its previous close of Rs 37.50 as the company announces merger of its international irrigation business with Temasek owned-Rivulis.

Suven Life Sciences Ltd, engaged in the healthcare, R&D and analytics business, has jumped over 12 per cent today from its previous close of Rs 63.85 as the board considers raising funds through a rights issue. In an upcoming meeting on June 24 2022, the management will consider issuing equity shares of the company on a rights basis to the existing shareholders of the company.

Apar Industries Ltd, engaged in the electric equipment manufacturing business, has jumped over 5.6 per cent today from its previous close of Rs 920.80. The stock opened at Rs 949 and has made its day high of Rs 1048.65 (+13.88 per cent), which is also its fresh 52-week high.

Orient Bell Ltd, unlike its name, is engaged in the business of ceramics and floor tiles and has delivered phenomenal returns for its shareholders in the past thirty days. From May 17 to June 16 2022, the scrip has jumped from Rs 458.45 to Rs 598.65, making a simple return of 30.6 per cent. The huge upside was mainly driven by the robust Q4 and FY22 results.