Top gainers and losers today: Stocks that moved the most on January 15

Top gainers and losers today: Stocks that moved the most on January 15

Benchmark indices, Nifty and Sensex, kicked off the trading session with a strong note on Wednesday, January 15, marking the second consecutive day of gains. Therefore, the Nifty closed at Rs 23,213.20 today, marking an increase of 0.16 percent, while Sensex closed at Rs 76,724.08 that is 0.29 percent higher than opening.

The rally was primarily driven by robust performances from energy, metal, and oil & gas sectors. However, a subdued performance from pharma and healthcare stocks partially tempered the overall market enthusiasm.

Top Gainers

Nifty Energy Sector (CMP: Rs 33,821 ; up by 0.76 percent)Stocks within the energy sector witnessed a significant surge, with Power Grid, NTPC, and Coal India emerging as top performers on the Nifty 50 index, recording gains of up to 4 percent. This bullish sentiment was fueled by the recent announcement from the Ministry of New and Renewable Energy, highlighting a record high in renewable energy generation in 2024. Other prominent gainers in the power sector included Adani Green Energy, NHPC, Tata Power, and several others, all registering gains between 1 percent and 3 percent.

Trent (CMP: Rs 6,399 ; up by 3.86 percent)Shares of Trent witnessed a sharp increase of up to 4.89 percent, following a "Buy" recommendation from Elara Securities. The brokerage firm initiated coverage on Trent with a bullish outlook and a target price of Rs 8,500, citing the company's strong market position, differentiated product offerings, and robust operational capabilities.

Shoppers Stop (CMP: Rs 618 ; down by 0.35 percent)The company's shares surged nearly 6 percent in early trade, driven by a strong Q3 FY25 performance. The company reported a 42% year-on-year surge in net profit, attributed to robust demand for premium products during the festive season.

Persistent Systems (CMP: Rs 6100 ; up by 3.74 percent)Shares of Persistent Systems saw a significant jump of over 5 percent, following the launch of ContractAssIst, an AI-powered contract management solution developed in collaboration with Microsoft.

IRFC (CMP: Rs 137,30 ; up by 1.29 percent)Indian Railway Finance Corporation Ltd (IRFC) shares gained 4 percent, buoyed by the company's successful bid to provide financing for the development of the Banhardih coal block in Jharkhand.

Top Losers

CreditAccess Gramen (CMP: Rs 897 ; down by 6.47 percent)Shares of microfinance player CreditAccess Grameen took a sharp tumble on the bourses, sinking over 5 percent intraday after international brokerage Goldman Sachs shared that it saw a furth 40 percent downside on the stock. The ongoing stress in the microfinance institutions and the lack of encouraging triggers indicating a recovery led to global brokerage Goldman Sachs iterating its bearishness

Kalyan Jewellers (CMP: Rs 548.10 ; down by 6.92 percent)Kalyan Jewellers India's stock hit its lower circuit of 10 percent, leading the stock to crashed 32 percent over the last nine trading sessions. Investors have been liquidating their holdings, even though the firm reported a strong outperformance for the quarter ended December.

Axis Bank (CMP: Rs 1025 ; down by 2.53 percent)Axis Bank shares crashed three percent after a block deal including 33.2 lakh shares exchanged hands on the bourses. The buyers and sellers of the deal are not known yet.

Wipro (CMP: Rs 292.60 ; down by 0.085 percent)Wipro shares fell 0.38 percent on January 15, ahead of its third-quarter results for Q3FY25. Expectations are subdued on furloughs, wage hike impacts, and seasonal weaknesses in the consulting business.