Gainers & Losers: 10 stocks that moved the most on June 5
At the close, the Sensex was up 2,303 points or 3.2 percent at 74,382 and the Nifty 50 was up 689 points at 22,573. About 2,321 shares advanced, 1,031 shares declined, and 76 shares remained unchanged.
Sensex and Nifty closed 3.2 percent higher on June 5, driven by value buying after both benchmarks fell nearly 6 percent in the previous session. Banks, automobile, and FMCG stocks led the gains in Nifty. At the close, the Sensex was up 2,303 points or 3.2 percent at 74,382 and the Nifty 50 was up 689 points at 22,573. About 2,321 shares advanced, 1,031 shares declined, and 76 shares remained unchanged.
2/11
Amara Raja Energy & Mobility | CMP: Rs 1,217 | Telugu Desam Party related firm Amara Raja Energy soared up to 13 percent. The sharp rally came after news reports of TDP chief Chandrababu Naidu is poised to become Andhra Pradesh CM after the regional party's landslide victory in election and alliance with BJP. The company's MD Galla Jayadev is a former TDP Parliamentary Party Leader.
3/11
PSU stocks | Shares of public sector enterprises continued to bleed as investors booked profits. Shares of Cochin Shipyard, Bharat Dynamics, and other PSUs extended losses, tanking up to 10 percent after they were severely hammered in the previous session. PSUs faced losses due to the vote tally painting a different picture than the exit polls, which had projected a landslide victory for the BJP-led NDA.
4/11
Angel One | CMP: Rs 2,325 per share | Shares of this broking firm surged 5 percent on June 5 after the company shared strong monthly business update. The broking firm's client base increased significantly by 63.3 percent year-on-year (YoY) in May 2024 to 23.8 million from 14.5 million.
GPT Infraprojects | CMP: Rs 240 | GPT Infra shares gained over four percent after it bagged an order worth Rs 547 crore from Rail Vikas Nigam. The outstanding order book for the company now stands at Rs 3,646 crore, with total order inflow for FY25 of Rs 674 crore.
6/11
FMCG Stocks | As investors flocked to consumer stocks universe to add exposure to the defensive sector, the Nifty FMCG index shot up nearly 6 percent, extending previous sessions' gains. Emami, Hindustan Unilever, Dabur, Tata Consumer Products were the top gainers, rising around 10 percent in early deals.
7/11
Mazagon Dock Shipbuilders | CMP: Rs 2,798 | Shares surged 4.4 percent even as other defence PSU stocks fell up to 10 percent. The multibagger stock is rallying despite analysts suggesting caution against investing in PSUs following the surprising election outcome.
8/11
Nazara Technologies | CMP: Rs 697 | Shares gained over 3 percent after the company announced that its subsidiary Absolute Sports will acquire all the assets of SoapCentral.com, a US entertainment content destination, for Rs 11.6 crore in an all-cash deal. The acquisition boosts Absolute Sports' presence in the entertainment publishing sector in the US.
Hindalco Industries | CMP: Rs 695 | Shares surged 7 percent, totally reversing early trends when shares slumped 7 percent, even as its US subsidiary Novelis Inc decided to postpone its initial public offering (IPO) for now. The company said Novelis will continue to evaluate the timing for the public offer in the future.
10/11
Hero MotoCorp | CMP: Rs 5,658 | Shares of the auto major surged 6.5 percent buoyed by postive sentiment around the sector. A host of brokerages suggest that governments focus on rural India could propel sales across the sector. The Nifty Auto also touched a record high in today's trade.
11/11
Mahindra and Mahindra | CMP: Rs 2,740| Shares of the SUV major surged 6.5 percent, largely on the back of positive sentiment around the sector with several analysts suggesting that governemnt's focus on rural India could help company's the industry. Mahindra & Mahindra achieved overall sales of 71,682 in month of May 2024, recording a growth of 17% over last year.
