Gainers & Losers: 10 stocks that moved the most on June 12

Indian markets settled in green on June 12 after a two-day hiatus

Indian markets settled in green on June 12 after a two-day hiatus. At close, Sensex was up 149 points or 0.2 percent to 76,606, while Nifty gained 58 points or 0.25 percent to shut shop at 23,323. The market breadth was in favour of gainers - around 2,308 shares advanced, while 1,130 declined and 79 were unchanged.

Shipping Corp of India | CMP: Rs 259 | Shares gained up to 7.5 percent as hopes of the company heading closer to divestment lifted investor sentiment. Moneycontrol reported citing a senior government official that the strategic sale of Shipping Corp is likely to finally take off with no further delays as it has received approval on stamp duty waiver from Maharashtra. The stamp duty waiver, which sat at around Rs 300 crore, would've turned into a major roadblock in SCI's divestment had it not been granted.

TVS Supply Chain Solutions | CMP: Rs 177 | Shares surged 8 percent after the company inked a five-year strategic contract with Daimler Truck South East Asia Pte Ltd, a Daimler Truck AG subsidiary. Per the deal details, the company will serve as the primary logistics partner for Daimler Truck AG, the world's largest commercial vehicle manufacturer, across the Asia-Pacific region.

HCLTech | CMP: Rs 1,436 | Shares rose around 3 percent after the company announced renewing a $278 million deal with Germany's apoBank for a period of 7.5 years. The IT major will help apoBank with an outcome-oriented managed services model to deliver fast and secure banking services to its customers.

IOL Chemicals | CMP: Rs 393 per share |The stock soared as much as 6.32 per cent on June 12 after it secured certification of suitability (CEP) certificate for Pantoprazole Sodium Sesquihydrate for alternative process (Process - II). Pantoprazole is used for heartburn, acid reflux and gastro-oesophageal reflux disease.

Rites | CMP: Rs 681 per share | Shares of Rites surged 3.4 percent on June 12 after the company inked pact with Eastern Railway’s Andal Diesel Shed. Andal Diesel Shed is the largest shed in Eastern Railway with a holding of 138 locomotives.

Sun TV Network | CMP:Rs 775 | Shares closed 3 percent higher after hitting a 52-week high of Rs 792.60. Axis Capital raised its price target for the stock to Rs 810, up from Rs 600 apiece, while retaining its 'add' call. The firm sees valuations at current levels to be inexpensive and also scope for a possible demerge which can unlock value for shareholders.

Brigade Enterprises | CMP: Rs 1,344 | Shares fell 3 percent as investors rushed to book profits after the recent surge in the counter. The stock has already gained over 10 percent in the past week, which gave investors plenty headroom to book profits. In addition, the company also announced plans to invest Rs 8,000 crore to expand its business in Chennai.

Dr Lal PathLabs | CMP: Rs 2,751 | Shares fell 1 percent on the back of unwinding of long positions in the derivatives segment. Open interest in the counter rose 2.3 percent while the RSI fell below 70.

Brightcom Group | CMP: Rs 9 | The embattled Brightcom Group's stock price sank 5 percent after the firm reported its earnings for the quarter ended September 2024. On May 16, Brightcom Group announced it was aiming to declare its quarterly results for the second and third quarters by June 11. However, the firm has only shared the earnings report for the September quarter so far.

Heritage Foods | CMP: Rs 626 | Heritage Foods, the dairy firm promoted by Andhra Pradesh CM Chandrababu Naidu, saw its shares hit 5 percent lower circuit as investors booked profits. In the previous session, the stock hit its lower circuit as well, after the price band was changed from 10 percent to five percent on June 10.