Gainers & Losers: Stocks that moved the most on July 22

Top gainers and top losers

Indian equity indices ended on a flat note after failing to hold on to early gains, with Nifty 50 finishing below 25,100 on across-the-board selling. At close, the Sensex was down 13.53 points or 0.02 percent at 82,186.81, and the Nifty was down 29.80 points or 0.12 percent at 25,060.90. BSE Midcap index shed 0.6 percent, while smallcap index down ended marginally lower.

Shares of food delivery and quick commerce major Eternal, formerly known as Zomato, hit a fresh record high after its seven percent jump in the previous session following its earnings report for the April-June period. The shares closed nearly 11 percent higher at Rs 300 apiece.

Swiggy shares closed 6 percent higher at Rs 418 apiece tracking strong gains in Zomato parent Eternal Ltd, which jumped nearly 20 percent in the last two sessions following robust June quarter results. This showed broader investor confidence in the quick-commerce segment.

Info Edge shares closed over 4 percent higher at Rs 1,461 apiece. The company holds over 13 percent stake in Eternal. The firm, which owns the Zomato and Blinkit brands, reported a consolidated net profit of Rs 25 crore for the quarter ended June, aided by strong growth in its quick commerce arm.

Titan shares gained over 1 percent as the country's leading branded jewellery maker company announced to acquire a majority 67 percent stake in UAE-based Damas Jewellery in an all-cash deal. The move will help the Tata group-managed firm to expand business in GCC countries.  Titan's wholly-owned subsidiary Titan Holdings International FZCO on Monday signed a definitive agreement with Mannai Corporation for the purchase of its 67 percent shareholding in Damas LLC (UAE), the current holding company for Damas jewellery business in GCC countries.

Shares of BSE and other listed wealth management, broking firms and market intermediaries extended gains after regulator Sebi confirmed that earlier restrictions imposed on Jane Street have now been removed with conditions. In a statement issued on July 21, Sebi said that Jane Street entities have been directed to cease and desist from directly or indirectly engaging in any fraudulent, manipulative or unfair trade practices or undertaking any activity that may be in breach of regulatory norm.

Afcons Infrastructure shares gained 2 percent after the company secured Croatian Railway reconstruction contract worth Rs 6,800 crore. The company has been declared the lowest bidder (L1) by HŽ INFRASTRUKTURA d.o.o. (HŽ Infrastructure Ltd) for rehabilitation & construction of a railway line in the Republic of Croatia. The work shall be competed in 72 hours for the reconstruction of the existing and construction of a second track on the Dugo Selo -Novska railway line including overhead electrification and signalling & telecommunication works, company said.

The shares of real estate companies dropped in trade on July 22 as weak results by Oberoi Realty dampened investor sentiment. The fall in the share prices pushed the Nifty Realty index down over 1 percent. Raymond shares were the top loser on the realty index, dropping 2.5 percent to trade at Rs 720 apiece.

360 ONE WAM shares crashed over 6 percent following a block deal involving shares worth Rs 2,273 crore took place in the early session on Tuesday, July 22, with the likely seller being Bain Capital and Canada Pension Plan Investment Board. As much as 1.9 crore shares, equally to five percent of the outstanding equity in the firm, was traded at Rs 1,160 per share; the total deal size was Rs 2,273 crore. The deal was conducted at a five percent discount to the previous session's closing price of Rs 1,221.2.

Shares of leading non-banking financial company Bajaj Finance Ltd slipped in trade after managing director Anup Kumar Saha tendered his resignation due to personal reasons. In a filing with the bourses, the firm noted that Saha also also resigned from his position as a director in the board of the company, the filing said. Significantly, Saha is seen as the potential candidate for IndusInd Bank's top position of MD and CEO.