Gainers & Losers: Top stocks that moved the most on August 7

Indian stock markets broke three-day losing streak and recovered smartly on August 7

Indian equity markets recovered smartly on August 7, snapping its 3-day losing streak. At close, the Sensex was up 874 points or 1.1 percent and the Nifty was up 305 points or 1.27 percent at 24,297. The market sentiment steered towards gainers as around 2,680 shares advanced, 716 shares declined, and 74 shares were unchanged.

Lupin | CMP: Rs 1,996 | Shares surged over 4 percent in after the company reported strong all-round performance in the April-June quarter. The drugmaker posted an over 77 percent on year spike in its net profit to Rs 801.3 crore for Q1 FY25. Revenue also grew over 16 percent on year to Rs 5,514.30 crore in Q1 of FY25, up from Rs 4,895.10 crore in the base period. The topline growth was driven by strong double-digit sales growth in the India formulations and the US business.

Gland Pharma | CMP: Rs 2,025 | Shares dived 4 percent after the company reported dismal earnings for the fiscal first quarter.The drugmaker's net profit slipped 26 percent on-year to Rs 143.8 crore in the April-June quarter, largely due to lower milestone income. Along with that, Motilal Oswal Financial Services also believes the postponement of the off-take of products by European customers hit the company's Q1 FY25 performance to some extent. Revenue rose 16 percent to Rs 1,401.7 crore as against Rs 1,208.7 crore in the year ago period.

Oil and Natural Gas Corporation | CMP: Rs 328 | Shares surged over 7 percent after the company raised its production guidance for FY25. ONGC's management projects a 12 percent increase in total crude oil production, reaching 23.1 million metric tonnes, and a 27 percent rise in gas production, reaching 25.9 million metric tonnes by FY27. This growth will be driven by the KG-98/2 and Daman upside development. The company announced it will begin gas production from the KG-98/2 asset in the fourth quarter of FY25.

TVS Motors | CMP: Rs 2,571 per share | The stock hit an all-time high at Rs 2,620.2 on August 7 after the company reported a healthy performance for the June 2024 quarter (Q1FY25). The company posted a 14.1 per cent year-on-year (YoY) growth in total sales volume, at 1.09 lakh crore units.

EIH | CMP: Rs 375 per share | The stock of this luxury hospitality company fell over 10 percent after the company reported a weak set of numbers in the June quarter. The company’s profit dropped 11.2 percent YoY to Rs 92.2 crore in Q1FY25 from Rs 103.8 crore in the year-ago period.

PB Fintech | CMP: Rs 1,515 per share | The stock price surged over 16 percent, hitting its all time high at Rs 1664.35 on August 7 after the company reported a 52 per cent increase in revenues in Q1FY25. PB Fintech, the parent company of online marketplaces Policybazaar and Paisabazaar, announced a third consecutive profitable quarter for the April-June period.

IndusInd Bank | CMP: Rs 1,347 per share | The stock hit a 52-week low at Rs 1,347.85 on August 7 as the bank’s June quarter earnings fell short of estimates due to increased provisions for the quarter. Its net profit was nearly flat for Q1FY25, up by only 2 per cent YoY to Rs 2,171 crore.

GR Infraprojects | CMP: Rs 1,612 per share | The stock jumped nearly 3 percent on August 7 after the company said that it has emerged as the lowest bidder (L-1) for a project in Karnataka. But, it did not disclose the cost of the project.

Caplin Point | CMP: Rs 1,578 per share | The pharma stock rallied over 5 percent after revenue from operations surged 16 percent YoY to Rs 459 crore in Q1FY25, while profit rose 20 percent YoY to Rs 124 crore.

Bata India | CMP: Rs 1,461 per share | The footwear stock dipped nearly 5 per cent after the company’s revenues dipped marginally in the first quarter of 2024-25. However, it reported a 62.84 percent YoY increase in its consolidated net profit in Q1FY25.