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Gainers & Losers: 10 stocks that moved the most on May 17

Moneycontrol News | May 17, 2024 / 15:49 IST
1/11
Benchmark indices extended previous session's gains and ended higher on May 17. The increase in voter turnout during the fourth polling phase was viewed positively by the market, aiding sentiment. At close, the Sensex was up 253.31 points or 0.34 percent at 73,917.03, and the Nifty was up 62.30 points or 0.28 percent at 22,466.10.
Benchmark indices extended previous session's gains and ended higher on May 17. The increase in voter turnout during the fourth polling phase was viewed positively by the market, aiding sentiment. At close, the Sensex was up 253.31 points or 0.34 percent at 73,917.03, and the Nifty was up 62.30 points or 0.28 percent at 22,466.10.
2/11
Kaynes Technology | CMP Rs xx | Shares of the company surged over xx percent in trade after after the company reported an upbeat January-March quarter (Q4FY24) performance. Kaynes Tech's consolidated net profit jumped 96.8 percent year-on-year (YoY) to Rs 813 crore in Q4FY24, while revenue from operations increased 74.8 percent YoY to Rs 637.3 crore.
Kaynes Technology | CMP Rs 2,080 | Shares of the company surged over 20 percent in trade after the company reported an upbeat January-March quarter (Q4FY24) performance. Its consolidated net profit jumped 96.8 percent year-on-year (YoY) to Rs 813 crore in Q4FY24, while revenue from operations increased 74.8 percent YoY to Rs 637.3 crore.
3/11
M&M | CMP Rs xx | Shares of the SUV closed over xx percent higher after brokerage ratings and target price upgrades after strong Q4 results. The Street's bullish sentiment on M&M stock is driven by a promising growth outlook in the auto segment and a potential recovery in the farm equipment business for FY25. M&M reported a 32 percent on-year jump in net profit to Rs 2,038 crore, riding on auto performance, favorable product mix, and operating leverage benefits.
M&M | CMP Rs 2,505.85 | Shares of the SUV closed nearly 6 percent higher after brokerages remained upbeat and raised target prices after strong Q4 results. The Street's bullish sentiment on M&M stock is driven by a promising growth outlook in the auto segment and a potential recovery in the farm equipment business for FY25.
4/11
Crompton Greaves Consumer Electricals | CMP Rs xx | Shares closed a massive xx percent higher after after the FMEG player reported a 56 percent sequential jump in consolidated net profit. Crompton Greaves reported a one percent on-year uptick in consolidated profit for the quarter ended March at Rs 133 crore. However, profit surged 56 percent on a sequantial basis. Revenue came in at Rs 1,961 crore, higher by nine percent YoY from Rs 1,791 crore in the same quarter during the year-ago period.
Crompton Greaves Consumer Electricals | CMP Rs 390.40 | Shares closed a massive 15 percent higher after the FMEG player reported a 56 percent sequential jump in consolidated net profit. Revenue came in at Rs 1,961 crore, higher by nine percent YoY from Rs 1,791 crore in the same quarter during the year-ago period.
5/11
eClerx Services | CMP: Rs xxx | Shares slumps 5 percent on the back of high volumes and weak Q4 earnings. The IT firm reported a drop in consolidated net profit at Rs 129.89 crore for the March quarter compared with Rs 132.35 crore for the same quarter last year. Net sales for the quarter rose to 766.53 crore.
eClerx Services | CMP: Rs 2,271 | Shares closed 5.5 percent lower on the back of high volumes and weak Q4 earnings. The IT firm reported a drop in consolidated net profit at Rs 129.89 crore for the March quarter compared with Rs 132.35 crore for the same quarter last year. Net sales for the quarter rose to 766.53 crore.
6/11
Wonderla Holidays | CMP: Rs xxx |Shares fell nearly 5 percent, extending fall to second session following weak Q4 results. Wonderla Holidays footfalls declined to 7.09 lakh in Q4FY24 from 8.04 lakh a year back. This, therefore, led to a drop in gross revenue by 7 percent year-on-year (YoY) to Rs 104.8 crore in Q4FY24 as compared to Rs 112.6 crore in Q4FY23. The company's profit-after-tax (PAT) also declined by 35.4 percent YoY to Rs 22.6 crore in Q4FY24 from Rs 35 crore in the year-ago period.
Wonderla Holidays | CMP: Rs 873.90 | Shares fell nearly 5 percent, extending fall to second session following weak Q4 results. Gross revenue dropped by 7 percent on year to Rs 104.8 crore in Q4FY24 while profit-after-tax (PAT) declined by 35.4 percent to Rs 22.6 crore.
7/11
Honeywell Automation | CMP: Rs xxx| Shares slumped 6 percent on profit booking after hitting lifetime high in the previous session. The engineering firm's profit jumped 32 percent to Rs 148 crore for the quarter ended March 31, up from Rs 112 crore a year ago. Revenue from operations increased nearly 12 percent year-on-year to Rs 951 crore.
Honeywell Automation | CMP: Rs 52,804| Shares slumped 6 percent on profit booking after hitting lifetime high in the previous session. The engineering firm's profit jumped 32 percent to Rs 148 crore for the quarter ended March 31, up from Rs 112 crore a year ago. Revenue from operations increased nearly 12 percent year-on-year to Rs 951 crore.
8/11
Krishna Institute of Medical Sciences | CMP: Rs xxx | Shares fell 2 percent on weak Q4 earnings. KIMS Hospitals reported a 29 percent fall in consolidated net profit at Rs 65.4 crore for the March quarter of the financial year 2023-24. The company earned net profit of Rs 93.2 crore in the same period a year ago. Revenue for the quarter increased by 10 percent to Rs 634 crore, the multispecialty hospital chain that operates in Andhra Pradesh and Telangana said.
Krishna Institute of Medical Sciences | CMP: Rs 1,885 | Shares fell over 2 percent on weak Q4 earnings. KIMS Hospitals reported a 29 percent fall in consolidated net profit at Rs 65.4 crore for the March quarter. Revenue for the quarter increased by 10 percent to Rs 634 crore.
9/11
Endurance Technologies | CMP: XXX | Endurance Technologies' share price zoomed 14 percent after the automotive components manufacturer has recorded a 54 percent on-year jump in consolidated net profit for the quarter ended March.
Endurance Technologies | CMP: 2,168 | Endurance Technologies' share price zoomed 7 percent after the automotive components manufacturer has recorded a 54 percent on-year jump in consolidated net profit for the quarter ended March.
10/11
Info Edge | CMP: XXX | Naukri parent Info Edge gained eight percent in trade on May 17, after the firm's bottom-line swung into the black for the quarter ended March. It registered a net profit of Rs 162 crore in Q4, compared to a loss of Rs 447 crore in the year-ago period.
Info Edge | CMP: 6,220 | Naukri parent Info Edge gained 6 percent in trade on May 17, after the firm's bottom-line swung into the black for the quarter ended March. It registered a net profit of Rs 162 crore in Q4, compared to a loss of Rs 447 crore in the year-ago period.
11/11
Motherson Sumi Wiring India | CMP: XX | Motherson Wiring shares slipped over three percent from intraday highs after its revenue for the three months ended March came in under expectations. According to the company's regulatory filing, total revenue from operations rose 19 percent on-year to Rs 2,232.67 crore from Rs 1,871.96 crore in the previous fiscal year.
Motherson Sumi Wiring India | CMP: 68.55 | Motherson Wiring shares slipped around 2 percent from intraday highs after its revenue for the three months ended March came in under expectations. According to the company's regulatory filing, total revenue from operations rose 19 percent on-year to Rs 2,232.67 crore from Rs 1,871.96 crore in the previous fiscal year.

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