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Gainers and Losers: 10 stocks the moved the most on April 4

Moneycontrol News | April 04, 2024 / 16:17 IST
1/11
Market gain
The benchmark indices closed on a new high after a choppy session on April 4. The Sensex was up 350.81 points or 0.47 percent at 74,227.63, and the Nifty was up 80 points or 0.36 percent at 22,514.70. About 2,262 shares advanced, 1,424 declined and 118 were unchanged.
2/11
Som Distilleries
Som Distilleries | CMP Rs 301.25 | Shares of Som Distilleries surged 5 percent after the company announced it highest-ever sales in a month since entering Karnataka almost a decade ago. The company, which manufactures 'Hunter' and 'Power Cool' beer, didn't share the numbers but said "achieving the highest-ever sales in a month since entering Karnataka is a remarkable feat".
3/11
Dabur India
Dabur India | CMP Rs 507.25 | The Dabur India stock fell over 4 percent after the company announced a mid-single digit revenue growth in the January-March quarter. The company's India business and home and personal care segment is expected to grow in high-single digits, the company said in its Q4 update.
4/11
G M Breweries
GM Breweries | CMP Rs 751.6 | Shares of GM Breweries plunged over 3 percent after the company reported a sharp decline in its EBITDA margin for the fourth quarter of FY24. The company's operating margin in the January-March quarter contracted to 15.8 percent from 20.1 percent in the year-ago period. The drag on the company's operational performance was on account of higher expenses related to changes in inventories.
5/11
Vedanta
Vedanta | CMP Rs 311.2 | The Vedanta stock surged 4 percent after delivering the highest-ever annual volume across key businesses. In Q4FY24, Vedanta's aluminium business recorded an 18 percent surge in volumes at the Lanjigarh unit over the previous year. The unit is in focus since Vedanta expanded its refining capacity to 3.5 MTPA.
6/11
Muthoot Finance
Muthoot Finance | CMP Rs 1,663 | Shares of Muthoot Finance rallied 2 percent as gold hit a new high. Gold gained after US Federal Reserve chairman Jerome Powell said the Fed would likely begin cutting rates at some point this year.
7/11
GE power India
GE Power India | CMP Rs 344.2 | The GE Power India stock jumped 3 percent after the company announced bagging two orders worth Rs 774.9 crore from Jaiprakash Power Ventures. The orders are for dilation and evacuation, and supply of wet limestone-based FGDs for the Nigrie Super Thermal Power Plant at Nigrie and Bina Thermal Power Plant at Bina in Madhya Pradesh, GE Power said in a regulatory filing.
8/11
Aster DM Healthcare
Aster DM Health | CMP Rs 458 | Shares of Aster DM Healthcare zoomed 9 percent after the company concluded the separation of its India and Gulf Cooperation Council (GCC) businesses. After the separation, a consortium of investors led by Gulf-based private equity firm Fajr Capital acquired a 65 percent stake in Aster GCC. The remaining 35 percent stake along with management and operational rights will stay with the promoters the Moopen family.
9/11
Avenue Supermarts
Avenue Supermarts | CMP Rs 4,639.8 | The Avenue Supermarts stock soared 4 percent after the company announced a 20 percent rise in standalone revenue for the March quarter. The company said its revenue rose to Rs 12,393 crore in the final quarter of FY24.
10/11
Brigade Enterprises
Brigade Enterprises | CMP Rs 955 | Shares of Brigade Enterprises surged a percent after the company entered into a joint development agreement for an office space in Whitefield, Bengaluru.
11/11
KEC International
KEC International | CMP Rs 768.5 | The KEC International stock jumped 5 percent after the company bagged Rs 816-crore orders across its various businesses. Its civil business secured orders for infrastructure projects, including building a steel plant in the north, a cement plant in central India and a plant for carbon derivates in the east.

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