Gainers & Losers: 10 stocks that moved the most on December 18

Sensex and Nifty slipped for the third consecutive session on December 18 as nervous investors braced for the US Federal Reserve's interest rate decision due later in the day. Over these three sessions, the Nifty has dropped 2.3 percent, while the Sensex has shed 2.5 percent. Today, sectors like financials, power, construction, and metals dragged the Nifty lower, while healthcare and IT stocks managed to buck the trend, posting gains amidst the sell-off.

Enviro Infra Engineers | CMP Rs 342 | Shares plunged 10 percent on December 18 as investors await its second-quarter earnings scheduled later today. The sharp fall comes after a massive 26 percent surge during the past five trading sessions. Enviro is a recent entrant in the market, debuting on November 29. The shares listed at a premium of nearly 50 percent over the issue price.

Bharti Hexacom | CMP Rs 1,546 | Shares surged over 6 percent in an otherwise weak market, on a healthy outlook. The stock's upward trend comes after two consecutive days of decline, indicating a potential trend reversal. Volumes in the counter were also sharply higher than their one-month daily traded average. JM Financial feels ARPU growth, aided by likely moderation in capex, will drive Bharti Hexacom's free cash flow growth from FY25.

Swiggy | CMP Rs 577 | Shares ended over a percent lower as investors rushed to book profits off the stock's recent bull run. The stock has been buzzing with strong buying action since its listing in mid-November. The optimism for the company has stemmed from prospects of strong growth prospects for India's quick commerce segment, which CLSA believe will grow big enough to not just allow multiple players to operate but also prosper. Shares have surged over 33 percent since its market debut.

63 Moons Technologies | CMP Rs 982 | Shares hit the 5 percent upper circuit for the third consecutive day after the company’s board approved a one-time settlement (OTS) of Rs 1,950 crore proposed by the NSEL Investors Forum (NIF). The company stated that the OTS would facilitate the resolution of certain legal proceedings against it, while transferring all claims and rights of NSEL traders to the company. This will enable the company to pursue recoveries from defaulters and others, either through court decrees or liquidation of attached assets.

Steel Stocks | Led by NMDC, steel stocks faced selling pressure as the Karnataka government tabled a bill to tax mines and mining land. NMDC, JSW Steel, Tata Steel, and SAIL stocks were trading in red, with NMDC stock bearing the brunt of the fall by falling 5 percent as CNBC-TV18 reported that the Karnataka government might hike duty on iron ore.

Akzo Nobel | CMP Rs 3,728 | Shares rallied nearly over 7 percent with talks revolving around a deal value of $2-2.5 billion for the Dulux Paints maker, as the race gets tighter with Pidilite Industries, JSW Paints and Indigo Paints in the fray, as per a news report in Livemint. The report quoted people familiar with the development who said that both Indigo and JSW Paints are in talks with private equity investors for the stake buy, while Pidilite Industries is offering a share swap deal.

VA Tech Wabag | CMP Rs 1,672 | Shares tanked as much as 14 percent after announcing that the tender for Saudi Arabia’s 300 MLD mega seawater desalination plant, won by the company, has been cancelled due to internal administrative procedures. The company received an order worth $317 million (Rs 2,700 crore) from the Saudi Water Authority on September 6.

Sanghi Industries | CMP Rs 68 | Shares cracked 12 percent after Ambuja Cement's board of directors approved the merger of two cement players, Sanghi Industries and Penna Cement Industries, with itself. As part of the latest deal, Ambuja Cements will issue 12 equity shares for every 100 shares of Sanghi Industries held by its shareholders.

KFin Technologies | CMP Rs 1,329 | The share price surged and traded higher by over 7 percent after Jefferies issued a 'Buy' recommendation and said the company offers a long-term opportunity, assigning a higher target of Rs 1,530 per share. The shares are higher by over 28% in the last one month, Moneycontrol data showed.

DroneAcharya | CMP Rs 122 | Shares zoomed as much as 7 percent on December 19 after the company announced it has partnered with Canada-based Volatus Aerospace for Drone Solutions. On Monday, the stock rallied another 13 percent after it incorporated a subsidiary. It said that the strategic expansion into the Middle East has become successful with the incorporation of the new company under the trade name of Drone Entry Aerial Services.