Gainers & losers: Stocks and sectors that moved the most on August 12

Banks, metals, realty, information technology sectors ended with gains while auto, energy, FMCG and infra names witnessed selling.

The Indian equity market showcased resilience in the face of Hindenburg's allegations against SEBI chairperson Madhabi Puri Buch and her husband. Consequently, the market evaded any sharp correction and ended largely flat on August 12. At close, the Sensex was down 56.99 points or 0.07 percent at 79,648.92, and the Nifty was down 20.50 points or 0.08 percent at 24,347.00. About 1,805 shares rose, 1,754 fell and 90 remained unchanged.

Voltas | CMP: Rs 1,583 | A strong set of earnings for the April-June quarter, combined with an equally impressive operational performance, helped shares of Voltas climb nearly 11 percent. The Tata group company recorded a net profit of Rs 334.20 crore, reflecting a near three-fold jump from Rs 129.30 crore clocked in the same quarter last fiscal. Revenue also grew 46.50 percent YoY to Rs 4,921 crore, up from Rs 3,359.90 crore in the base period.

Zydus Lifesciences | CMP: Rs 1,253 | Investors rushed to book partial profits in the shares of Zydus Lifesciences, pulling it down around 4 percent. This comes after the drugmaker reported a set of stellar earnings for the April-June quarter along with an equally impressive operational performance. The stock has surged over 6 percent in the past three sessions, giving investors plenty headroom to take home partial profits. The company posted a 61 percent on year surge in its consolidated net profit for the June quarter to Rs 919 crore, driven by strong sales across key markets. It had clocked in a net profit of Rs 571 crore in the year ago period. Revenue also grew 10.5 percent year-on-year to Rs 7,567 crore in Q1 of FY25, up from Rs 6,851 crore in the same quarter last fiscal.

Narendra Modi approved eight projects of Ministry of Railways with a total estimated cost of Rs 24,657 crore on Friday. The projects, covering 14 districts, will be implemented in Odisha, Maharashtra, Andhra Pradesh, Jharkhand, Bihar, Telangana, and West Bengal with the construction of 64 new stations. These are slated to be completed by financial year 2030 - 2031. The proposed projects will improve logistical efficiency by connecting the unconnected areas and enhancing transportation networks, resulting in streamlined supply chains and accelerated economic growth." width="1280" height="720" /> Railway stocks | Shares of railway PSUs surged as the Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi approved eight projects of Ministry of Railways with a total estimated cost of Rs 24,657 crore on Friday. The projects, covering 14 districts, will be implemented in Odisha, Maharashtra, Andhra Pradesh, Jharkhand, Bihar, Telangana, and West Bengal with the construction of 64 new stations. These are slated to be completed by financial year 2030 - 2031. The proposed projects will improve logistical efficiency by connecting the unconnected areas and enhancing transportation networks, resulting in streamlined supply chains and accelerated economic growth.

Shipping Corporation of India | CMP: Rs 274.60 | Shares zoomed nearly 7 percent as investors cheered the company's stellar first quarter earnings. The state-run company reported a 70 percent year-on-year jump in net profit at Rs 291.5 crore and 26 percent jump in revenue from operations to Rs 1,514.3 crore in Q1FY25. At the operating level, Shipping Corp's EBITDA jumped 40.4 percent YoY to Rs 509.7 crore in the April-June quarter, and EBITDA margin stood at 33.7 percent in the reporting quarter versus 30.3 percent in the first quarter of FY24.

Bharat Dynamics | CMP: Rs 1,346 | Shares slumped over 6 percent after the company's fiscal first quarter net profit fell 83% year-on-year to Rs 7.2 crore. Its net sales declined 36.5% YoY to Rs 188 crore, impacted by supply chain issues due to the ongoing Russia-Ukraine war and conflicts in the Middle East region. Bharat Dynamics' EBITDA came in at a loss of Rs 52.3 crore in Q1FY25, which was higher than the loss of Rs 32.6 crore reported during the same quarter last year.

Ola Electric | CMP: Rs 109.44 | Shares of the newly listed company were locked in 20 percent upper circuit, extending gains for a second consecutive session. This follows another 20 percent rally that triggered the upper circuit on its market debut on August 9. The Bhavish Aggarwal-led company will announce its Q1 results on August 14. Ola Electric Mobility will hold its first board meeting since listing on August 14, 2024. The meeting will consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, according to a filing by the company.

Inox Wind | CMP: Rs 209.07 | Shares surged 20 percent on a confident execution guidance shared by the management and robust June quarter results. Given the onset of monsoon, Q1 and Q2 are the weaker quarter for the business of wind energy, and the second half should be stronger for the company, Devansh Jain said. Q1FY25 saw the best financial performance ever for Inox Wind. Inox Wind posted a Rs 50 crore net profit for the June quarter as income rose, compared to a loss of Rs 65 crore in the April-June quarter of the preceding financial year. The total revenue surged 85 per cent on year to Rs 651 crore.

Sun TV Network | CMP: Rs 819.50 | Shares plummeted 11 percent following a disappointing April-June quarter (Q1FY25) performance. Brokerages expressed their dissatisfaction with the results, downgrading the stock due to high valuations and concerns over future earnings potential. Kotak Institutional Equities downgraded Sun TV from 'add' to 'sell,' setting a target price of Rs 830 per share. They highlighted the stock's steep valuation amid increasing risks from OTT platforms and potential industry consolidation. Motilal Oswal analysts also downgraded Sun TV, moving from 'buy' to 'neutral,' with a target price of Rs 860 per share.

Adani Group stocks | Stocks belonging to the conglomerate ended in the red, though off the day's low following a fresh report issued by Hindenburg over the weekend. The report alleged that SEBI chairperson Madhabi Puri Buch may not have conducted a proper investigation into impropriety at Adani group firms because of a potential conflict of interest from having invested in same funds that were used by the Adani executives for moving money.

Allied Blenders and Distillers | CMP: Rs 312.15 | Shares jumped 8 percent  after an Economic Times report stated that the company is in advanced talks with two global spirits giants – Russian Standard and Thai Beverage to market and distribute their products in India.