Benchmark indices ended the trading session on April 29 on a flat note, with Sensex down 46 points at 80,242 and Nifty at 24,334.20 at close, snapping a two-day winning run.
Nifty Realty was the top sectoral gainer, rising nearly 2%, while Nifty PSU Bank was the biggest laggard, down over 2 percent. Here's a list of the stocks that recorded strong gains and losses:
Ambuja Cements
Ambuja Cements shares went up by almost 2% after getting a boost from several brokerages. Motilal Oswal, Axis Securities, Choice Broking, JM Financial, and Nuvama all recommended 'Buy' ratings, reflecting optimism about the growth prospects of the company amidst continuing capacity expansion plans.
DLF
DLF shares increased 2.5% with an increase in trading volumes.
JSW Energy
JSW Energy witnessed a rise of 4.18% amid heavy trading volumes.
Real Estate
On April 30, shares of real estate companies staged a sharp recovery, taking the Nifty Realty index up by close to 2%. This is the highest in the last four trading sessions and indicates increasing investor interest ahead of the key earnings announcements in the sector.
HDFC Life
HDFC Life shares gained more than 4% to hit a 6-month high after the company posted a 16% YoY growth in net profit at Rs 475 crore.
SBI
SBI shares fell 3% even as the PSU lender said it is looking to raise money through equity in the financial year ending March 2026. The public sector bank is considering different fundraising opportunities, including a Follow-on Public Offer (FPO), rights issue, or Qualified Institutional Placement (QIP).
Fino Payments Bank
Fino Payments Bank shares fell more than 5% on April 30, though Emkay Global Financial said the brokerge is optimistic about the stock. Fino reported a modest 2.5% YoY rise in PAT to Rs 24 crore, which was offset by continued cannibalization of its remittances business.
Samvardhana Motherson International
Samvardhana Motherson International shares fell 3%, despite the recent financial performance of the company, which recorded consistent revenue growth underpinned by its operations in the global automotive supply chain.
Adani Green Energy
Adani Green Energy shares fell more than 2% even as Emkay Global Financial remained bullish on the stock, issuing a 'Buy' rating on it. The company is positive on the long-term growth story of the firm in the renewable energy space.
Greenply Industries
Greenply Industries shares declined nearly 3% despite a 'Buy' rating from Choice Broking, which said it is optimistic about the firm, pointing to 9.7% volume expansion between FY25-28E, this growth is higher than the industry's estimated ~7% expansion.
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