Gainers & Losers: 10 stocks that moved the most on September 25
At close, the Sensex was up 255.83 points or 0.30 percent at 85,169.87, and the Nifty was up 72.80 points or 0.28 percent at 26,013.20. About 1543 shares advanced, 2061 shares declined, and 91 shares unchanged.
In a stunning finish, the Sensex and Nifty surged to record highs in the final hour of trade on September 25, after spending most of the session hovering near the flatline. This marked the fifth consecutive session of record-breaking gains for the Indian benchmarks.
2/11
Zee Media Corporation | CMP: Rs 15.7 | The stock surged 13 percent on September 25, a day after the private news broadcaster said its board of directors will meet later this week on Friday to evaluate various fundraising avenues. The company plans to raise funds through the issuance of permissible instruments or securities in one or more tranches.
3/11
Delta Corp's | CMP: Rs 133 | Shares of the company soared more than 3 percent on September 25 following the announcement of a significant restructuring initiative. The board of directors of the gaming and hospitality firm approved the demerger of its Hospitality and Real Estate businesses into a newly formed entity, Delta Penland Private Limited (DPPL).
4/11
Indian Energy Exchange (IEX) | CMP: Rs 202 | The stock fell over 4 percent on September 25, extending losses for the second straight session following the government’s reported plans to go ahead with the market coupling proposal. Additionally, IEX, along with Aditya Birla Fashion and Retail, Granules India, Hindustan Copper and Vodafone Idea, has been placed on NSE’s F&O ban list.
Piramal Pharma | CMP: Rs 226 | Shares rose 4 percent after the company outlined its ambitious roadmap at a recent analyst meeting, targeting $2 billion in revenue by CY30. Following this, Jefferies increased Piramal Pharma's target price to Rs 260, projecting a 20 percent upside from its previous closing price of Rs 216.
6/11
JB Chemicals and Pharmaceuticals | CMP: Rs 1,909 | Shares fell 2 percent on news that the much-anticipated deal for KKR's 54 percent equity stake in JB Chemicals is on the brink of collapse due to disagreements over the valuation.
7/11
Exxaro Tiles | CMP Rs 100 | Shares jumped 4 percent, marking a second consecutive session of gains. The stock has soared 28 percent over two days, following news that the board will meet on October 14 to discuss a potential stock split. Trading volumes skyrocketed yet again with a remarkable 33 lakh shares exchanging hands today.
8/11
Reliance Power | CMP: Rs 42 | The stock surged 5 percent as a block deal involving shares worth Rs 357 crore of Reliance Power took place on the exchanges on September 25. Around 8.6 crore shares, representing a 2.1 percent stake in Reliance Power changed hands at a floor price of Rs 42 apiece, implying an upside to the previous closing price.
EaseMyTrip | CMP: 34 | The stock cracked 16 percent after a block deal involving shares worth Rs 176.5 crore of EaseMyTrip (Easy Trip Planners Ltd) took place on the exchanges on September 25. Around 4.6 crore shares, representing a 2.6 percent stake in EaseMyTrip changed hands at a floor price of Rs 38 apiece, implying a marginal discount to the previous closing price.
10/11
AstraZeneca Pharma | CMP: Rs 7490 | AstraZeneca Pharma shares slipped over 5 percent in trade on September 25 after hitting a fresh lifetime high in the previous session as investors rushed to book profits. So far in trade today, over 16 lakh shares exchanged hands in trade on the bourses, multiple times higher compared to the one-month daily traded average of 88,400 shares.
11/11
Dabur Ltd | CMP Rs 627 | Shares shares slipped over 4 percent after Swiss brokerage UBS downgraded the FMCG major to 'hold' from 'buy' earlier. UBS listed key concerns regarding Dabur India's lofty valuations, along with a possible risk to beverage sales growth. The rising growth of cola drinks, along with increasing competition in the coconut oil space poses as a downside risk to its sales.
