Top gainers and losers today: Stocks that moved the most on March 3

Top gainers and Losers today: Stocks that moved the most on March 1

At closing on March 3, Sensex stood at 73,085.94 which was 0.15 percent lower while Nifty was at 22,119.30, 0.024 percent lower. The market gradually recovered from its intraday low, supported by improving economic growth, a rebound in consumption, and healthy agricultural expansion, all boosting investor sentiment. With valuations nearing oversold territory, domestic indicators point to a possible rebound. However, the sustainability of this recovery hinges on clarity around global trade uncertainties, which continue to show little improvement.

Top Gainers

TVS Motor Company (CMP: Rs 2332 ; up by 4.79 percent)

Shares of TVS Motor Company gained 3 percent in early trade after the company posted strong February 2025 sales numbers. Monthly sales rose 10 percent to 4,03,976 units, compared to 3,68,424 units in February 2024. Broader positive sentiment was seen across the auto sector, with shares of M&M, Ashok Leyland, and Eicher Motors also surging up to 4 percent as investors reacted positively to healthy sales data for the month.

AstraZeneca Pharma India (CMP: Rs 159.55 ; up by 2.38 percent)

Shares of AstraZeneca Pharma India climbed 3 percent, touching Rs 6,890 in afternoon trade, after the company received regulatory approval to expand the use of its cancer therapy, Imfinzi. The Central Drugs Standard Control Organisation (CDSCO) approved the import, sale, and distribution of Durvalumab (Imfinzi) for the treatment of unresectable hepatocellular carcinoma (uHCC), a type of liver cancer.

Larsen & Toubro (L&T) (CMP: Rs 3198.20 ; up by 1.09 percent)

Shares of Larsen & Toubro (L&T) advanced over 1 percent to trade at Rs 3,209 after the company announced that its Power Transmission & Distribution (PT&D) business secured new orders worth Rs 2,500 crore to Rs 5,000 crore both in India and international markets. L&T categorises orders in this range as ‘large’, boosting investor confidence.

UltraTech Cement (CMP: Rs 10,348 ; up by 2.17 percent)

Shares of UltraTech Cement, part of the Aditya Birla Group, emerged as the top gainer on the Nifty 50 despite a weak broader market. The stock’s rise was driven by positive reactions to insights shared during the company’s latest investor call. Analysts highlighted UltraTech’s clear strategy for entering the cables and wires (C&W) segment, along with the company’s emphasis on optimal utilisation of C&W facilities.

Polycab India (CMP: Rs 4877 ; up by 3.47 percent)

Shares of Polycab India gained around 1 percent each in early trade, even as the overall market remained under pressure. The uptick came after positive commentary from UBS, which reaffirmed its ‘Buy’ rating but cut its target price for Polycab India to Rs 7,700 per share from Rs 9,000 per share, but maintained a ‘Buy’ recommendation. The revision followed UltraTech Cement’s announcement of its foray into the cables and wires segment, which had weighed on sentiment in recent sessions.

Top Losers 

Coal India (CMP: Rs 360 ; down by 2.37 percent)

Shares of Coal India slumped 4 percent after the company’s February production update disappointed investors. Production for the month fell 0.8 percent year-on-year to 74.1 million tonnes (MT), taking the company’s year-to-date output to 695.3 MT, reflecting a modest 1.5 percent year-on-year growth. However, the output so far covers only 83 percent of Coal India’s FY25 target of 838 MT, implying the company will need to produce 142 MT in March to meet its annual goal — a target that analysts view as highly ambitious.

Indian Overseas Bank (IOB) (CMP: Rs 41.69 ; down by 4.23 percent)

Shares of Indian Overseas Bank (IOB) plunged 5.7 percent to hit a new 52-week low of Rs 41.01. This marked the second consecutive session of fresh lows for the public sector lender after it disclosed that it received a demand notice for Rs 699.52 crore from the Deputy Commissioner, Chennai, over alleged GST liabilities for FY 2020-21. The notice, dated February 27, 2025, also includes a penalty of Rs 35.26 crore, adding further pressure on the stock.

Angel One Ltd (CMP: Rs 1979 ; down by 8.77 percent)

Shares of Angel One Ltd fell sharply to an intraday low of Rs 1,952.25, extending its losing streak to six consecutive sessions. Over the last six days, the stock has plunged nearly 17 percent. The ongoing sell-off in capital market-focused stocks has been exacerbated by broader market weakness, concerns over global trade tensions, and persistent foreign institutional investor (FII) outflows, all of which have weighed heavily on investor sentiment in the financial services space.

GAIL (CMP: Rs 153.86 ; down by 1.40 percent)

Gas Authority of India Limited (GAIL) Ltd shares fell 1.5 percent with the start of the day seeing Nifty Oil & Gas as the worst performer at the start of the day, slumping over 2 percent. Other heavyweight stocks RIL, ONGC, and Indian Oil also dragged the index lower.