Gainers & Losers: 10 stocks that moved the most on December 16
At close, the Sensex was down 384.55 points or 0.47 percent at 81,748.57, and the Nifty was down 100.05 points or 0.40 percent at 24,668.25. About 2,220 shares advanced, 1,748 shares declined, and 94 shares unchanged.
The Sensex and Nifty stayed in the red on December 16, weighed down by IT and metal stocks ahead of the U.S. Federal Reserve's December 17-18 Federal Open Market Committee (FOMC) meeting. Analysts expect the Indian benchmarks to consolidate until clarity emerges from the Fed's stance on key interest rates. As the second half of December unfolds, analysts anticipate a tapering of FII volumes as well, while stock-specific action continues to dominate the domestic market landscape.
2/11
Premier Explosives | CMP Rs 567 | Shares were locked in a 10 percent upper circuit after the company entered into a Memorandum of Understanding (MOV) with Global Munition, a subsidiary of NIBE Ordnance and Maritime, to set up a joint venture to manufacture defence and aerospace products.
3/11
Angel One | CMP Rs 3,227 | Shares tanked 5 percent amid a sharp uptick in volumes. As many as 46 lakh shares changed hands in just 2 sessions, matching the one-month average of 23 lakh shares, Moneycontrol data showed. The company's net profit surged 39.1 percent on-year to Rs 423.4 crore and revenue went up by 44.5 percent YoY to Rs 1,514.7 crore during this period.
4/11
Dixon Technologies | CMP Rs 18,831 | Shares surged 5 percent after the company signed a binding term sheet for setting up a new manufacturing joint venture with Vivo India. Under the agreement, Dixon will hold a majority 51 percent stake in the joint venture, while Vivo India, a subsidiary of global smartphone giant Vivo, will own the remaining 49 percent.
GE Power | CMP Rs 440 | Shares surged 3.3 percent after the company received an extension of a Rs 18.27 crore purchase order, awarded by the MP Power Generating Co. The order which is stated to be executed within the next three and a half months, is for the supply of boiler parts at Sanjay Gandhi Power Station.
6/11
Gopal Snacks | CMP Rs 387 | Shares tanked over 6 percent to trade in the red for the third consecutive session on December 16 as the company announced a temporary cessation of operations due to a fire incident at its manufacturing facility in Rajkot. As many as 14 fire tenders were pressed into service after the fire started at the Gopal Snacks factory in Metoda industrial area around 2 pm on December 11.
7/11
IT Stocks | The Nifty index ended its five-day winning streak, dipping 0.3 percent due to losses in TCS, Tech Mahindra, Infosys, and Coforge. Brokerage firm Citi maintained a 'Sell' rating on TCS, citing tapering BSNL projects, Return on Investment (RoU) scrutiny on smaller deals, and softer UK and Europe demand. The brokerage also had a 'Sell' on Tech Mahindra and LTIMindtree. The latter, however, ended the session marginally higher.
8/11
India Pesticides | CMP Rs 190 | Shares slipped as much as 3 percent on December 16 after the income tax (IT) department searched its registered office & other premises of the company, the company said in a regulatory filing on the afternoon. The counter fell for a third trading session in a row.
Realty stocks | Shares of real estate companies surged as investors bet on hopes of strong housing demand in 2025, driven by new launches, imminent rate cuts, and favourable demographic trends. Players like Oberoi Realty, Prestige Estates, Macrotech Developers led gains within the sector and surged, lifting the Nifty Realty index over 3 percent higher.
10/11
Enviro Infra Engineers | CMP Rs 330 | Shares of the recently listed company closed 12 percent higher after hitting a record high of Rs 323.90. With the strong gains today, the stock extended its uptrend to the second session, recording a surge of around 16 percent during the time. This two-day uptrend was preceded by a two-day losing run.
11/11
Shrimp farming stocks | Shares of shrimp farming and aquaculture companies Avanti Feeds and Kings Infra Ventures rose on volumes that are significantly higher than the one-month average, in anticipation of greater global market share by Indian exporters going forward.
