Biggest gainers & losers of the day: Energy stocks zoom, TCS tanks 6%
The 30-share pack Sensex gained 76.72 points or 0.13 per cent to close at 60,135.78. Its broader peer Nifty50 advanced 50.75 points or 0.28 per cent to 17,945.95. Broader markets outperformed as BSE midcap and smallcap indices added over half a per cent each.
Among the stock-specific action, GOCL Corp, Shiva Cement, Aban Offshore and Borosil Renewables hit their upper circuit. Investors booked profits in Chambal Fertilizers and Bandhan Bank, whereas
tanked 6 per cent after a flop show in Q2.
Let’s have a look at the biggest movers and shakers of Monday’s session:
Gainers for the day
GOCL Corporation: The Hinduja Group’s mining firm hit upper circuit of 20 per cent to Rs 328.50 as the company bagged order worth Rs .592.45 crore from Coal India or supply of Bulk Explosives to be supplied over a period of 2 years.
Shiva Cement: The smallcap cement and related products manufacturer hit upper circuit of 20 per cent to Rs 42.60 on the back of a strong technical setup. The daily traded volume of the counter jumped manifold compared to the two-week average.
Honda India Power Products: The power products company was at the focus of investors amidst the power crisis in the country. Investors looked for the power alternative plays in the markets. The scrip rallied 16 per cent to Rs 1,401.
PG Electroplast: The electronic and contract manufacturer has been under the radar of investors as the company has applied for PLI scheme and is likely to get approval soon. Its counter continued to soar 14 per cent to Rs 560.10.
Indian Energy Exchange: The near-monopoly energy bourse advanced 12 per cent to Rs 780.40 as India faces a severe coal crisis and the government’s intent to push ahead with reforms change dynamics in the nation’s power sector.
Inox Wind, Borosil Renewables: Investors focussed on the renewable energy stocks as a proxy plays for traditional energy. Inox Wind jumped 14 per cent to Rs 114.50, whereas Borosil Renewables gained 10 per cent to Rs 356.85.
Route Mobile: The telecom services play jumped 9 per cent to Rs 2297.05 as the company’s subsidiary Route Mobile (UK) has entered into a Stock Purchase Agreement with the existing shareholders of Masivian S.A.S., Colombia, South America to acquire 100 per cent shareholding in Masivian.
Losers for the day
Kridhan Infra: The construction and engineering player hit a lower circuit of 10 per cent to Rs 5.78 after defaults on payment of interest/ repayment of principal amount on loans from banks / financial institutions.
Chambal Fertilizers & Chemicals: The fertilizer player tanked 8 per cent to Rs 404.55 on the back of profit booking from the investors after a sharp 25 per cent rise in the company in the last month.
Tata Consultancy Services: The bluechip IT major shed 6 per cent to Rs 3,686.50 after its disappointing September 2021 quarter results. Its second quarter revenues and margin missed Street expectations.
DCW: The smallcap commodity chemicals player fell 6 per cent to Rs 51.90 after its managing director resigned from the board of the company due to personal reasons and to pursue other interests.
Bandhan Bank: The private lender declined 5 per cent to Rs 328.60 on the back of profit booking after a sharp 23 per cent rise in the counter in the last week. The scrip was on a roll after its quarterly updates.
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