On Wednesday, February 12, Sensex and Nifty fell for sixth straight session, closing 122.52 points lower and 26.55 points lower, respectively. This comes amid persisting global trade war fears and persistent selling by foreign institutional investors (FIIs) rattled investor sentiment.
Gainers:
Arkade Developers: Shares surged over 5 percent to Rs 184.40 on February 12 after the company secured a redevelopment project in Mumbai's Dahisar suburb. The estimated gross development value (GDV) of the project is Rs 1,700 crore, which positively impacted investor sentiment.
Cyient DLM: Shares rose by 4.2 percent to Rs 440 on February 12 as the company announced a production contract with Boeing Global Services (BGS) for precision-machined parts and assemblies. This contract marks a significant milestone in their partnership, lifting the stock after a seven-day losing streak.
Steel Authority of India (SAIL): Shares jumped nearly 3 percent to Rs 102.75 on February 12, defying the overall bearish market trend. The positive movement followed the company's release of third-quarter results for FY25, which were well-received by investors.
Berger Paints India Ltd.: Despite disappointing Q3 earnings, shares rose by 3.5 percent to Rs 493 on February 12. The company's net profit for the October-December quarter of FY25 fell 1.5 percent, but the stock rallied on investor optimism despite weaker results.
United Breweries: Shares gained nearly 2 percent on February 12 after Anand Rathi maintained a 'Buy' rating on the stock and raised its target price. Additionally, a beer price hike announced by Telangana boosted investor sentiment toward the company.
Losers:
Ircon International: Shares plunged over 9 percent to hit a 52-week low of Rs 159.61 on February 12. The sharp decline followed the company’s poor Q3 earnings, which showed a fall in both net profit and revenue, prompting investors to dump the stock.
Hindustan Aeronautics Ltd. (HAL): Shares saw a negative start on February 12, dropping after comments from Indian Air Force Chief Marshal A P Singh regarding HAL's delivery record for the Tejas Mk1A fighter jets. The remarks soured market sentiment and weighed on the stock.
Max Healthcare Institute: Despite significant block trades worth Rs 321 crore, shares were down by 1 percent at Rs 1,010 by noon on February 12, extending a five-day decline to 11.7 percent. The stock faced continued selling pressure, overshadowing the large transaction volume.
Gensol Engineering: Shares plummeted over 17 percent to a 52-week low of Rs 580.05 on February 12 after the company’s Q3 earnings disappointed investors. The weak bottomline and operational performance contributed to the massive drop in stock value.
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