Gainers & Losers: 10 stocks that moved the most on October 31

Indian markets extend losses for 2nd day in a row

Indian benchmark indices extended their losing streak for the second day. With this, Nifty has corrected 2,000 points from record highs and has clocked the worst month since March 2020 due to heavy FII outflows and dismal Q2 earnings season.  At close, the Sensex was down 553 points to 79,389 and Nifty slipped 135 points to 24,205.

Cipla | CMP: Rs 1,553 | Shares skyrocketed 10 percent after the US Food and Drug Administration classified the drugmaker's Goa manufacturing facility as 'Voluntary Action Indicated' (VAI), thereby paving the way for the launch of its key product- chemotherapy drug Abraxane. For companies like Cipla, a VAI classification is positive as it often means they can proceed with planned drug launches and maintain their regulatory compliance status.

IRB Infrastructure Developers | CMP: Rs 51 | Shares dropped xx percent bogged down by the company's subdued earnings performance for the July-September quarter. The company's revenue fell a little over 9 percent on year to Rs 158.6 crore, compared to Rs 174.5 crore in the same quarter of the previous fiscal. The decline in revenue was on account of a heavy monsoon season. Despite a fall in revenue, the company reported a 4.3 percent increase in consolidated net profit, at Rs 99.8 crore, up from Rs 95.7 crore in the same quarter last year, supported by higher operating margins.

Dabur India | CMP: Rs 541 | FMCG major Dabur India shares fell over two percent in the morning deals on October 31 after Dabur India reported its earnings show for the quarter ended September. Dabur India said its Q2FY25 net profit fell 17 percent year-on-year to Rs 425 crore, meeting the Street expectations. It reported net profit of Rs 515 crore in the year-ago period.

DCM Shriram | CMP: Rs 1,039 | Shares of DCM Shriram fizzled out gains after surging over 10 percent as net profit for the September quarter surged 95 percent on-year. DCM Shriram posted a consolidated net profit of Rs 62.92 crore in Q2 FY25, marking a 95.16 percent rise from Rs 32.24 crore in the same period last year.

GR Infraprojects | CMP: Rs 1,617 | Shares climbed 4 percent after the company finalised an EPC (Engineering, Procurement, and Construction) agreement for a Rs 1,885.63 crore infrastructure project in Maharashtra. The project involves the construction of an access-controlled ring road in Pune, covering 9.34 kilometers from Kalyan/Rathwade village to Shivare/Kusgaon village.

Tata Power Company | CMP: Rs 440 | Shares climbed 3 percent following the release of its Q2FY25 results, with multiple brokerages reaffirming their 'Buy' ratings. Motilal Oswal Financial Services, JM Financial, and Nomura maintained their 'Buy' ratings while Morgan Stanley reatined its 'Overweight' rating.

Nifty IT | The index dropped nearly 3 percent after US big tech stocks underperformed in their earnings reports. Meta Platforms announced weaker-than-expected user numbers in its third-quarter results, while Microsoft's revenue growth guidance fell short of expectations.

Waaree Energies | CMP: Rs 2,751 | The stock soared 12 percent to hit new record high of Rs 2,718 per share on October 31, extending gains to fourth straight day amid heavy volumes. After a blockbuster debut of 70 percent premium, this renewable energy stock has now zoomed over 80 percent against its issue price of Rs 1,503 per share.

Prudent Corporate Advisory Services | CMP: Rs 3,155 per share | The stock skyrocketed 14 percent to scale to an all-time high of Rs 3,090 per share on October 31 after it reported a strong second quarter performance. In Q2FY25, the company’s operating revenue surged by 51 percent year-on-year to Rs 286.1 crore. This growth was fueled by a 53 percent rise in average quarterly assets under management (AUM) in the mutual fund segment, along with a 36 percent increase in revenue from non-mutual fund products.

L&T | CMP: Rs 3,616 per share | The stock surged over 6 percent to Rs 3,631 per share on October 31 as brokerages praised its July-September quarter (Q2FY25) performance, which exceeded market expectations, bolstered by strong order inflows and effective project execution. Analysts project an upside potential of around 22 percent for this capital goods giant.