Top gainers and losers today: Stocks that moved the most on May 13

Top gainers and losers today: Stocks that moved the most on May 13

After yesterday's rally based on an action-packed last week, the Indian benchmark indices saw declines today. Sensex and Nifty closed 1.39 percent and 1.55 percent lower, respectively. Meanwhile, broader markets ended flat.

Among sectors, capital goods, media, PSU Bank, pharma indices rose 1-1.6 percent. The sectors in red were metal, oil & gas, realty indices wherein IT and FMCG led the laggards' pack. These sectors saw declines in a range of shedding 0.9-2.5 percent.

Top Gainers

IIFL Finance's stock saw a 5% increase after HSBC upgraded its rating to 'Buy,' with the firm forecasting a potential upside of up to 42%. This rise follows a strong performance in the past week, with the company's share price gaining nearly 18% over the last five days.

Cochin Shipyard share price extended gains on third day, rising over 4 percent intraday. This comes following collaboration with Drydocks World to boost India’s ship repair and offshore fabrication capabilities.

Hero Motocorp shares rise 3 percent in today’s session. This comes after the firm posted earnings slightly better than estimates for the Quarter ended in March, Net profit for the quarter rose 6.4% from the year-ago period to ₹1,081 crore

Shares of Aurobindo Pharma and Glenmark were trading 3.4% and 3% higher after better-than-expected Trump order on lower drug prices. Trump later confirmed that the quantum of the reduction would be 59%.

Shares of BDL, BEL, HAL, and other defense companies surged by as much as 10% following Prime Minister Modi's call for 'Made in India' defense equipment. The jump in stock prices led to nearly a 4% rise in the Nifty India Defence index. Bharat Dynamics (BDL) shares were the top gainer.

Top Losers

Tata Motors' stock experienced a decline of 2.01% in today's session. This shift in the stock's performance comes as the company is likely to report a muted quarter with volumes having declined for most of its segments during the January-March period.

Bharti Airtel Shares Decline by 2.5 % in today's trading session after expectations of muted revenues for the quarter given the company’s exit from the low margin wholesale commodity voice and messaging business.

The shares of Tata Steel dropped close to 2 percent today after the company recorded a drop in quarterly revenue on YoY basis for Q4. The dampened financial performance has led brokerages to adopt a cautious outlook on the stock.

KFin Tech shares fell by as much as 7% in today's session following its promoter entity General Atlantic Singapore Fund Pte. Ltd. further reducing its stake in the company. This marks another round of selling by the promoter, who had previously offloaded a 6% stake in May 2024.

Swiggy shares fall 6% as pre-IPO mandatory lock-in period comes to an end. Additionally, Swiggy reported a consolidated loss of Rs 1,081 crore for the fourth quarter ended March. Swiggy's stock is likely to be volatile in the near-term on account of market speculation.

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