Top gainers and losers today: Stocks that moved the most on February 27

Top gainers and losers today: Stocks that moved the most on February 27

Indian equity markets opened slightly higher on February 27 but quickly traded flat as investors prepared for volatility ahead of the monthly derivatives expiry. Sensex was at 74,600 level with a gain of 0.014% while Nifty lost 0.011% to reach 22,500-level at closing.

With the Nifty 50’s February contract expiring, traders either closed their positions or rolled them over to the March series, expecting choppy moves. Both benchmarks have declined nearly 14 percent from their record highs in September 2024.

Top gainers

NBFCs

loans to non-banking financial companies (NBFCs), a move that will free up significant capital for banks and NBFCs. " width="1280" height="720" /> Shares of non-banking financial companies rallied in trade after the Reserve Bank of India reversed its earlier decision to increase the risk weight on bank loans to non-banking financial companies (NBFCs), a move that will free up significant capital for banks and NBFCs.

CreditAccess Grameen (CMP: Rs 944.05 ; up by 8.96%)

CreditAccess Grameen, Bandhan Bank, AU Small Finance Bank, Fusion Finance and other microfinance lenders’ shares jumped up to 18 percent in trade as the RBI stated that the microfinance loans in the nature of consumer credit would be risk weighted at 100 percent instead of the 125 percent earlier.

Bharti Airtel (CMP: Rs 1646 ; up by 0.28%)

Bharti AIrtel shares edged up about 1% after the company confirmed merger talks with the Tata Group to explore a deal merging Tata Play’s DTH business with its subsidiary Bharti Telemedia. This potential consolidation has sparked investor interest in the telecom sector.

SRF Ltd (CMP: Rs 2,835 ; up by 2.42%)

SRF Shares gained roughly 3% on robust brokerage reports forecasting a strong outlook for its fluorochemicals and specialty chemicals segments. The firm stated that the ‘worst was over’ for all of its segments.

INOX India (CMP: Rs 924.40 ; up by 2.16%)

Shares jumped about 13% in early trade after the company announced it became India’s first cryogenic equipment manufacturer to receive the prestigious IATF 16949 certification. The award, given after a comprehensive audit of its Kalol facility in Gujarat, has significantly boosted investor confidence.

Top Losers:

Nifty Auto (CMV: 21277.35 ; down by 1.51%)

Shares jumped about 13% in early trade after the company announced it became India’s first cryogenic equipment manufacturer to receive the prestigious IATF 16949 certification. The award, given after a comprehensive audit of its Kalol facility in Gujarat, has significantly boosted investor confidence.

Prestige Estates (CMP: Rs 1131.95 ; down by 5.04%)

Prestige Estates was the top loser on the Nifty Realty index, crashing nearly 5 percent, following Income Tax searches at the registered office and other branch offices.The shares of Raymond, Mahindra Lifespace Developers, DLF and Godrej Properties dropped over 2 percent each on the Nifty Realty index.

Titagarh Rail Systems: (CMP: Rs 734 ; down by 5.50%)

Shares declined 2.5% after Morgan Stanley trimmed its target price from Rs 1,300 to Rs 1,090, even as it reaffirmed an “overweight” rating. The revision suggests cautious optimism, with a potential upside of 40% from current levels still in view.

UltraTech Cement Ltd.: (CMP: Rs 10450 ; down 4.69%)

Shares tumbled 6%—the steepest drop in three years—after the company announced a Rs 1,800-crore capex to enter the wires and cables segment. This strategic diversification move unsettled investors amid volatile market conditions.

KEI Industries (CMP: Rs 2989 ; down 21.30%)

Cables and wires players such as KEI Industries and Polycab India shares sank 17 percent and 14 percent while Havells India was down 5 percent as UltraTech Cement announced its foray into the C&W segment. According to Motilal Oswal, this entry could pose a threat to the valuation multiples of C&W companies.