Top gainers and losers today: Stocks that moved the most on March 17

Top gainers and losers today: Stocks that moved the most on March 17

Equity markets ended the day on a strong note, with the Sensex gaining 330 points and the Nifty closing above 22,500. Buying interest was seen across multiple sectors, with auto, banking, metal, power, and pharma stocks rising 0.5 to 1 percent. On the other hand, realty and media stocks slipped 0.5% each. The BSE Midcap index gained nearly 1 percent, while the Smallcap index remained flat.

Top Gainers:

IndusInd Bank

IndusInd Bank gained over 3 percent today after the RBI dismissed speculation about its financial health, affirming that the bank remains well-capitalised with a 16.46 percent Capital Adequacy Ratio, 70.2 percent Provision Coverage Ratio, and 113 percent Liquidity Coverage Ratio.

SpiceJet

Spicejet shares jumped by about 6 percent after CEO and promoter Ajay Singh committed Rs 294.09 crore via Spice Healthcare. The capital infusion will be through the conversion of 13.14 crore warrants into equity shares, raising the promoter group’s stake from 29.11 percent to 33.47 percent.

KEC International

KEC International stocks surged about 6 percent after securing Rs 1,267 crore in new orders across various business segments. The Transmission & Distribution (T&D) business landed key contracts, including 800 kV HVDC & 765 kV transmission line orders from Power Grid Corporation of India (PGCIL) and supply deals in the Americas.

G R Infraprojects

G R Infraprojects gained about 2 percent, breaking a four-day losing streak after winning a Rs 4,262.78 crore National Highways Authority of India (NHAI) project. The contract includes developing a six-lane Agra-Gwalior Greenfield highway and improving NH-44 in Uttar Pradesh, Rajasthan, and Madhya Pradesh.

Muthoot Finance

loan assets. Options trading data signaled bullish sentiment, with call options witnessing a significant jump in volume." width="1280" height="716" /> Muthoot Finance shares gained 5 percent, posting its biggest gain in a month after crossing ₹1 lakh crore in gold loan assets. Options trading data signaled bullish sentiment, with call options witnessing a significant jump in volume.

China-linked Stocks

Shares of Indian companies with exposure to China gained after PM Modi mentioned efforts to restore India-China ties: Kaynes Technology (+2%) – Benefits from component imports from China; Syrma SGS Technology (+2%) – Shares moved up in response to positive sentiment; Uno Minda (+4%) – Surged after recalling its deal with China’s Inovance Automotive to expand its EV product portfolio.

Top Losers:

LTI Mindtree

LTI Mindtree lost 5 percent, dropping to a fresh 52-week low after Citigroup announced plans to cut its external IT contractors to 20 percent from 50 percent, significantly impacting LTI Mindtree, one of its key clients. The timeline for the shift remains unclear.

Inventurus Knowledge Solutions

IKS Shares plunged 10 percent after the company's three-month shareholder lock-in period ended, making 42 lakh shares (2 percent of total equity) available for trade. The stock, backed by the family of late Rakesh Jhunjhunwala, faced selling pressure as investors reacted to the increased liquidity. As of the December quarter, Rekha Rakesh Jhunjhunwala held a 0.23 percent stake in the company.

Happiest Minds Technologies

The shares drowned over 4.2 percent amid increased trading volume, reflecting investor concerns. The drop aligns with broader market fluctuations and changing sentiment around the company.

Wipro

Wipro Ltd. continued its downward trend for the sixth straight session, slipping 1.76 percent, reflecting sustained selling pressure. The downturn comes despite the company’s recent announcement of a realignment within its global business lines (GBLs) aimed at enhancing client positioning and leveraging AI, cloud, and digital transformation opportunities.