Gainers and Losers: 10 stocks that moved the most on March 20
Among sectors, auto, FMCG, realty, oil & gas and power were up 0.5-1 percent, while the metal index closed nearly a percent lower in a volatile session of trade
The Sensex and the Nifty reversed losses to end a choppy session higher on March 20. The Sensex closed 89.64 points, or 0.12 percent, higher at 72,101.69, and the Nifty gained 21.60 points, or 0.1 percent, to end at 21,839.10. About 1,564 shares advanced, 2,071 declined and 111 were unchanged.
2/11
Eicher Motors | CMP Rs 3,875 | Shares of Eicher Motors surged 4 percent after brokerage UBS upgraded its rating to "buy" with a 35 percent upside, citing the company's new launches and lacklustre performance of its peers.
3/11
Aurobindo Pharma | CMP Rs 1,017.4 | The Aurobindo Pharma stock gained 2.7 percent after the company received US Food & Drug Administration (USFDA) approval for a nasal spray.
4/11
IREDA | CMP Rs 125.9 | Shares of IREDA fell 2.6 percent after NSE revoked its inclusion in several key indices due to the firm’s non-compliance with SEBI portfolio concentration norms.
Shakti Pumps | CMP Rs 1,319 | The Shakti Pumps stock fell nearly 4 percent after the water pump company opened qualified institutional placement (QIP) to raise up to Rs 200 crore. The floor price for the issue has been fixed at Rs 1,272.09, a 5 percent discount to the previous day's closing price.
6/11
Maruti Suzuki | CMP Rs 11,925.25 | Shares of Maruti Suzuki zoomed 2.83 percent with strong volumes as the stock crossed the Rs 12,000-mark in the session. Eleven lakh shares changed hands compared to monthly average of 5 lakh. CLSA recently said Maruti will maintain its top position in the CNG PV segment with a 72 percent share.
7/11
Cyient | CMP Rs 2,010 | The Cyient stock gained 1.77 percent after brokerage JP Morgan initiated coverage with an 'overweight’ call with and a target price of Rs 2,600, implying an upside of around 31 percent.
8/11
Syrma SGS Technology | CMP Rs 482.15 | Shares of Syrma SGS Technology jumped 1.62 percent after Jefferies issued a "buy" rating on the stock with a target price of Rs 640 a share.
Tata Chemicals | CMP Rs 1,032 | The Tata Chemicals stock fell 7.93 percent with strong volumes on March 20. About 93 lakh shares changed hands compared to the monthly average of 57 lakh.
10/11
Indus Towers | CMP Rs 248.35 | Shares of Indus Towers gained 4.24 percent with strong volumes. s many as 3 crore shares were traded during the day against monthly daily traded average of 2 crore.
11/11
Laurus Labs | CMP Rs 379.6 | The Laurus Labs stock fell 1.98 percent with strong trade volume in the session. As many as 24 lakh shares were traded compared to the monthly average of 18 lakh.
