Gainers & Losers: 10 stocks that moved the most on September 26
At close, the Sensex was up 666 points or 0.8 percent at 85,836 and the Nifty was up 211 points at 26,216. About 1,603 shares advanced, 2,200 shares declined, and 102 shares remained unchanged. Intraday, Sensex and Nifty reached an all-time high
The bulls on Dalal Street charged full steam ahead, with the Sensex and Nifty scaling fresh record highs for the sixth consecutive session on September 26. The benchmark indices were powered by gains in auto and banking stocks. Both, Nifty Bank and Nifty Auto hit a lifetime high of 54,262 and 27,378, respectively.
2/11
Gensol Engineering | CMP Rs 850|Shares closed 3percent higher, breaking a nine-day losing run. The trend reversal in the stock comes after its promoter and managing director, Anmol Singh Jaggi lapped up 12,000 shares of the company, although a marginal stake increase but still enough to usher confidence among investors.
3/11
Crompton Greaves | CMP Rs 420 | Shares slipped 5 percent after the electric goods player said that the demand is likely to be average in Q2, as compared to Q1. The first quarter saw heavy demand on account of heatwave. Morgan Stanley maintained its 'Equal-weight' rating on stock with a target price of Rs 323 per share, representing a potential downside of over 26 percent from the current market price.
4/11
Mukta Arts | CMP Rs 107 | Shares surged over 10 percent after Mukta Arts inked a pact with Zee for the assignment of Satellite and media rights of 37 films to the latter for a period of six years commencing from August 25, 2027.
Hero MotoCorp | CMP Rs 6,051 | The stock fell over a percent in trade after UBS reiterated its bearishness on the counter with a sell call as it sees multiple concerns for the two-wheeler major. The international brokerage sees a massive downside of 45 percent from the previous close. The brokerage noted that while wholesale volumes and festive optimism are creating a positive sentiment, these are masking the retail underperformance.
6/11
Vedanta | CMP Rs 502 | Shares jumped 5 percent after the mining giant announced that its board will meet on October 8 to discuss a potential fourth interim dividend for FY25. If approved, the record date for the dividend has been set for October 16.
7/11
Policy Bazaar |Rs 1,686 | The share price extended losses on September 26, falling as much as 2 percent even as media reports claimed that the parent company of Policybazaar is considering a foray into the healthcare sector. The company is said to be in advanced discussions regarding a new model, with an announcement expected soon
8/11
Trent | Rs 784o | Shares closed 3 percent higher after Citi initiated coverage on the counter with a 'buy' recommendation suggesting robust growth triggers ahead. The international brokerage has implied an upside potential of 21.5 percent from the last close.
Bharat Forge | CMP Rs 1,528 | Shares slipped over 2 percent after Bank of America downgraded Bharat Forge to a ‘neutral’ rating, with a target price of Rs 1,800 per share. This implies an upside of 15 percent from the previous session’s closing price.
10/11
Swan Energy | CMP Rs 593 | The company's share price surged as much as 5 percent due to a spurt in volume. So far in the day, over 71 lakh shares of the company changed hands on BSE and NSE combined, compared to the one-month trading daily average of 13 lakh shares.
11/11
Five Star Business Finance | CMP Rs 797 | Shares fell after an 11.20 percent stake of Five Star Business Finance was sold through block deals worth Rs 2,034.60 crore with Peak XV, other PE investors being the likely sellers in the transaction. Around 3.30 crore shares of Five Star Business Finance changed hands at a floor price of Rs 809 apiece, implying a marginal discount to the previous closing price.
