Top gainers and losers today: Stock that moved the most on March 13

Adani Green gained about 4 percent in the trading session. Brokerage firm, Macquarie, on March 13, initiated coverage on Adani Green, rating it 'Outperform' with a price target of Rs 1,200, which is 40 percent higher from Wednesday's closing figure.

IndusInd Bank

IndusInd Bank shares fell about 2 percent, even as CLSA maintained an 'Outperform' rating on the stock. CLSA, meanwhile, cut its target price to Rs 900 from Rs 1,300 earlier.

InfoBeans Technologies

InfoBeans Technologies shares gained more than 3 percent following a partnership with a leading Canadian standards organisation to implement AI-driven solutions.

MTNL

Mahanagar Telephone Nigam (MTNL) shares surged 16 percent after the Minister of State for Communications Pemmasani Chandra Sekhar informed Lok Sabha on March 12 that BSNL and MTNL earned Rs 12,984.86 crore from the monetisation of assets since 2019

Coromandel International

Coromandel International gained 2.5 percent after signing agreements to acquire majority stake (53 percent) in NACL Industries for Rs 820 crore. The transaction, priced at Rs 76.7 per share, will see Coromandel acquiring shares from the current promoter, KLR Products.

Top Losers

Nifty IT

Amid fears of recession in the US, Indian IT stocks remained under stress, with the Nifty IT index entering the bear territory, tumbling over 21 percent from its peak. Major IT players, including Wipro, Infosys, HCLTech, and Tech Mahindra, saw a percent declines during the day.

Gensol Engineering

The company's shares continued to trade at lower circuit of 5 percent throughout the day. As per the latest announcement, the company is planning a fundraise of Rs 600 crore to enhance its financial standing, raising the company’s reserves against its debt.

PB Fintech

PB Fintech's shares continued to trade low, at nearly 10 percent fall, for second straight session, still bearing impact of its proposal to infuse Rs 696 crore in the healthcare arm, a move that has failed to cheer investors. Nilesh Shah, Envision Capital told CNBC-TV18 during an interaction that he does not see PB Fintech's foray into healthcare as 'capital misallocation'.

HDFC AMC

HDFC AMC share price fell for another 3 percent during the day, as the monthly systematic investment plan (SIP) inflows into mutual funds fell to a three-month low of Rs 25,999 crore in February as market selloff intensified.

Bharat Forge

Bharat Forge stock prices were down 4 percent under stress from the US Environmental Protection Agency's (EPA) statement to roll back a series of Biden era regulations aimed at reducing pollution and address climate concerns. The move is seen as a step away from policies for electric mobility, and the shares of the company were trading sharply lower during the trading session.