Gainers & Losers: Stocks and sectors that moved the most on October 14
The Sensex and Nifty closed in the green on October 14, lifted by strong performances from bank and IT stocks. Here are some stocks that moved the most in trade today.
Indian equity indices ended on a strong note with Nifty above 25,100 on October 14 amid buying across the sectors. Except metal, all other sectoral indices ended in the green with Information Technology, Bank, Realty up 1 percent each. At close, the Sensex was up 591.69 points or 0.73 percent at 81,973.05, and the Nifty was up 163.70 points or 0.66 percent at 25,128.
2/11
Transformers and Rectifiers India | CMP: Rs 819.30 | Shares of the company surged to its upper circuit of five percent after a block deal worth Rs 211 crore took place on the exchanges. As many as 27 lakh shares of Transformers and Rectifiers changed hands in a block deal, at a floor price of Rs 780 per share, reflecting a 2.6 percent discount from the previous closing price.
3/11
Mahanagar Telephone Nigam (MTNL) | SMP: Rs 53.41 | Shares of the PSU telecom service provider, saddled with a debt of over Rs 31,000 crore payable to various lenders, gained 4.8 percent amid reports that the company may find a revival plan coming its way and may not head to the NCLT route for resolution. Sources told the channel that there may be a case for a fund infusion into MTNL.
4/11
Premier Energies | CMP: Rs 1,133 | The stock gained as much as 10 percent after the company's subsidiaries Premier Energies International and Premier Energies Photovoltaic — secured multiple orders, cumulatively worth Rs 765 crore. This includes Rs 632 crore orders for solar modules and orders worth Rs 133 crore for solar cells. The stock ended 2.3 percent higher.
Wipro | CMP: Rs 550.70 | Shares of the company rose as much as 4.24 percent as investors lapped up the stock ahead of a meeting on October 17 wherein the company's board is slated to consider the issuance of bonus shares. If approved, this will mark Wipro's fourth bonus issue ever, after similar corporate actions were taken in 2019, 2017 and 2010.
6/11
Hindustan Construction Company | CMP: Rs 43.74 | Shares rose over 3.5 percent after the company received an order worth Rs 1.031.6 crore from the Maharashtra State Road Development Corporation for constructing a two-lane bridge across Agardanda Creek, connecting Tokekhar and Turumbadi in Raigad District on the Revas-Reddi Coastal Highway (MSH-04) in Maharashtra.
7/11
Avenue Supermarts | Rs 4,191 | DMart shares cracked over 8 percent as its parent Avenue Supermarts earnings show for the quarter ended September left the Street disappointed, as the revenue and net profit fell below expectations. The biggest miss for Avenue Supermarts was revenue growth, which was the slowest in four years. The like-for-like growth was the slowest in three years.
8/11
Bajaj Housing Finance | CMP: Rs 142 | The stock dropped around 6 percent as its one-month lock-in period expired for the anchor investors. As the lock-in period has ended, as many as many as 12.6 crore shares or 2 percent of the company's outstanding equity will be eligible for trading, Nuvama Alternative & Quantitative Research said in its recent note. These shares were earlier locked and prohibited from sale.
Tata Chemicals | CMP: Rs 1,099 | The stock fell over 7 percent on profit booking after the recently rally. The daily and weekly "Bollinger Band" buy signal shows increased activity. The stock is well positioned above its 20, 50, 100, and 200-day SMAs, which are also rising along with the price, reaffirming the bullish trend. The daily, weekly, and monthly RSI are in positive territory, justifying rising strength across all time frames.
10/11
Sudarshan Chemical Industries | CMP: 1,111 | Shares tanked 7.5 percent amid sharp profit booking after the stock's stellar rally in the previous session. The stock was locked in the 20 percent upper circuit in the previous session after it announced acquisition of Heubach's global pigment business for Rs 1,180 crore.
11/11
Indian Energy Exchange (IEX) | CMP: Rs 195.70 | Shares of the company fell 4.3% after fears of market coupling, which has been a major overhang on the stock, resurfaced yet again. The Power Secretary Pankaj Agarwal said that the work on the power coupling mechanism is under progress and that the government remains committed to the same.
![Tata Chemicals | Rs | The stock fell over 5 percent on profit booking after the recently rally. The daily and weekly "Bollinger Band" buy signal shows increased activity. The stock is well positioned above its 20, 50, 100, and 200-day SMAs, which are also rising along with the price, reaffirming the bullish trend. The daily, weekly, and monthly RSI are in positive territory, justifying rising strength across all time frames.](https://images.moneycontrol.com/static-mcnews/2021/01/Tata-Chemicals-1.jpg "Tata Chemicals | Rs | The stock fell over 5 percent on profit booking after the recently rally. The daily and weekly "Bollinger Band" buy signal shows increased activity. The stock is well positioned above its 20, 50, 100, and 200-day SMAs, which are also rising along with the price, reaffirming the bullish trend. The daily, weekly, and monthly RSI are in positive territory, justifying rising strength across all time frames.")
