Gainers & losers: Stocks and sectors that moved the most on September 30

Indian benchmarks, Sensex and Nifty 50, kicked off the week on a negative note as a mix of global and domestic factors dampened investor sentiment. Profit-booking after record highs, combined with mixed global signals, triggered selling pressure in financial services, energy, and auto sectors. At close, the Sensex was down 1,272.07 points or 1.49 percent at 84,299.78, and the Nifty was down 368.20 points or 1.41 percent at 25,810.80.

Bharat Electronics | CMP: Rs 284 | Shares of state-owned Bharat Electronics, the newest entrant to the Nifty 50, slipped into the red on its debut trading day after joining the benchmark index. Bharat Electronics, along with retail major Trent, replaced Divis Laboratories and LTIMindtree in the benchmark Nifty 50 on September 27. The stock fell over 3 percent.

Ola Electric Mobility | CMP: Rs 99.85 | Ola Electric Mobility tanked more than 2 percent in trade on September 30, which also took the stock below the Rs 100-mark for the first time since its market listing. Moreover, the stock has also been in the red for 12 out of the last 14 sessions. In a recent note, brokerage firm HSBC reported that it visited several Ola service stations and observed that many were overwhelmed with service requests.

Hero MotoCorp | CMP: Rs 5,726 | Hero MotoCorp was the worst performer on the Nifty Auto index after UBS retained its 'sell' call on the counter suggesting that the company is conceding market share to rivals. This decline pushed Hero to the second position in the domestic two-wheeler market, with a 23.2 percent share. Dragged by this, the stock slipped nearly 4 percent.

MacroTech Developers | CMP: Rs 1,238 | Shares tumbled five percent in response to an ANAROCK Research report revealing an 11 percent year-on-year drop in housing sales during the July-September quarter of 2024.

NMDC | CMP: Rs 244.21 | Shares of metal companies were on a roll, supported by a spike in iron ore prices along with China's efforts to revive its battered property sector. NMDC led the gains with its over 4 percent jump.

Max Estates | CMP: Rs 614.85 | Max Estates gained over one percent following the announcement of strong pre-sales for its Gurugram project, Estate 360. The real estate developer recorded a pre-sales booking value of approximately Rs 4,100 crore, surpassing its FY25 guidance of Rs 4,000 crore.

Avantel | CMP: Rs 184 | Small-cap defense electronics manufacturer Avantel's stock price surged over 7 percent on bagging an order from infrastructure major Larsen & Toubro. The order, worth Rs 44.5 crore, is for the supply of satcom systems and is expected to be executed by March 2025.

JM Financial | CMP: Rs 151.25 | Shares soared 6 percent after its subsidiary, JM Financial Products approved the direct assignment, or sale, of its MSME loan portfolio. In a meeting on September 27, JM Financial Products' board of directors approved the direct assignment of its MSME loan portfolio for Rs 1,000 crore to one or more parties.

Paras Defence and Space Technologies | CMP: Rs 1,112 | Shares surged over 4 percent after the company bagged an order worth Rs 293 crore from its arm Controp-Paras Technologies. The order pertains to the execution of the Indian content associated with a contract previously awarded to the company's arm by L&T.

Aurobindo Pharma | CMP: Rs 1,465.20 | Shares of dropped over 3 percent after the Telangana manufacturing unit of the drugmaker's arm Apitoria Pharma was issued 10 observations by the US Food and Drug Administration. The US drug regulator conducted its inspection of the Telangana API (Active Pharmaceutical Ingredient) manufacturing unit on September 23-27. The company further stated that these observations are procedural in nature and will be responded to within the stipulated time.