Gainers & Losers: 10 stocks that moved the most on May 28
Indian benchmark indices ended lower in the volatile session on May 28. At close, the Sensex was down 220.05 points or 0.29 percent at 75,170.45, and the Nifty was down 44.30 points or 0.19 percent at 22,888.20.
Indian benchmark indices ended lower in the volatile session on May 28. At close, the Sensex was down 220.05 points or 0.29 percent at 75,170.45, and the Nifty was down 44.30 points or 0.19 percent at 22,888.20.
2/11
DOMS Industries | CMP: Rs 1,897.15 | Shares of DOMS Industries closed 2.5 percent higher after rallying over 10 percent to hit an all-time high of Rs 2,035 per share intraday. The rally came after the stationary company reported an upbeat January-March quarter (Q4FY24) performance. With today's upsurge, the stock is up over 150 percent of its issue price of Rs 790 apiece.
3/11
Timken India | CMP: Rs 4,101 | Shares rose 3.5 percent after a 6.65 percent stake changed hands in a block deal on the exchanges.CNBC-TV18 had reported that the company's parent entity Timken Singapore was aiming to unload a 6.6 percent stake in the company in hopes to earn Rs 1,775 crore from the deal.
4/11
Bharat Dynamics | CMP: Rs 1,454 | Shares slumped 5.8 percent as investors rushed to book profits post the stellar rally in the counter. BDL recently announced its first-ever stock split, dividing one equity share with a face value of Rs 10 into two shares with a face value of Rs 5 each.
Krystal Integrated Services | CMP: Rs 775.50| Shares of the company surged over 3.5 percent on May 28 after the company reported a strong set of numbers for the quarter ended March 2024, its first quarterly results post making a debut on bourses earlier this year. The company reported a net profit of Rs 15.7 crore in the March 2024 quarter, up 70.3 percent on-year (YoY).
6/11
NALCO | CMP: Rs 191.80 | Shares of the PSU jumped 6 percent in morning deals on May 28 to hit an all-time high of Rs 206.30 on the National Stock Exchange (NSE) after the PSU reported strong earnings for the quarter ended March 2024. Motilal Oswal raised target price on the stock and Axis Securities retained 'buy' call on the counter. The stock, however ended 1.3 percent lower.
7/11
LIC | CMP: Rs 1,014 | Shares of state-owned insurer surged as much as 2.13 percent to Rs 1,062 per share on May 28 after the state-insurer reported better-than-expected January-March quarter (Q4FY24) performance. Brokerages remain positive on LIC for the long-term, predicting strong growth outlook amid inexpensive valuations.
8/11
GMDC | CMP: Rs 389.40 | Shares of Gujarat Mineral Development Corporation fell over 3 percent on May 28 after the company reported weak earnings for the quarter ended March 2024. The company reported a 53.2 percent on-year (YoY) decline in net profit at Rs 207 crore in the fiscal fourth quarter. Its revenue from operations dipped 20.8 percent YoY to Rs 750.7 crore.
Concord Biotech | CMP: Rs 1,406 | Shares fell 2.4 percent following a block deal involving 3.4 percent stake in the company. The transaction, valued at Rs 519 crore, was done at a floor price of Rs 1,401 apiece. One of the company's shareholders, Ontario Inc was the likely seller in the deal as per reports. According to Concord Pharma's March quarter shareholding data, Ontario Inc owned a 5.39 percent stake.
10/11
PB Fintech | CMP: Rs 1,194.40 | Shares declined 4.6 percent after 1.2 percent stake in the company changed hands in a Rs 677 crore block deal. Reports earlier today stated that Tencent Cloud Europe, which previously owned a 6.26 percent stake in the company, was looking to offload 1.2 percent equity in order to earn $78.3 million.
11/11
Inox Wind | CMP: Rs 147.75 | Shares tanked 10 percent after a block deal took places on the bourses. While Moneycontrol could not immediately identify the parties involved in the transaction, CNBC Awaaz reported on May 27, citing sources, that the company's promoter entity, Inox Wind Energy was eyeing a stake sale of upto 5 percent equity through a block deal.
