Gainers & Losers: Stocks that moved the most on August 2
IT and automobile stocks dragged down the Nifty 50 by over a percentage on August 2. Meanwhile, in the broader market, BSE Midcap fell 1.2 percent and BSE Smallcap declined by 0.6 percent.
Indian benchmark indices snapped a five-day winning run to end lower, with the Nifty below 24,750 on August 2. At close, the Sensex was down 885 points or 1.1 percent at 80,982 and the Nifty was down 293 points or 1.2 percent at 24,717. About 1,426 shares advanced, 1,960 shares declined, and 83 shares were unchanged.
2/11
Zomato | CMP: Rs 262.7 | Shares zoomed over 12 percent as investors cheered the food aggregator firm's stellar earnings for the quarter ended June 2024, with all segments registering healthy growth.
3/11
Suzlon Energy | CMP: Rs 71.4 | Shares gained nearly 5 percent, rebounding from previous session's losses due to profit-booking, as investors showed buying interest following impressive Q1 performance, bullish brokerage comments and positive business outlook.
4/11
Netweb Technologies | CMP: Rs 2,349.80 | Stock rose over 4 percent after shares worth as much as Rs 459 crore were sold in a block deal.
Automobile | Auto stocks faced selling pressure as weak monthly sales numbers for July soured investor sentiment. Major automakers like Maruti Suzuki, Tata Motors, Eicher Motors, Bajaj Auto, and Mahindra & Mahindra slipped 1-5 percent, dragging the Nifty Auto index nearly 3 percent lower.
6/11
Triveni Engineering & Industries | CMP: Rs 398 | Shares fell over 4 percent after the company reported a 54 percent drop in its consolidated net profit for the June quarter.
7/11
SJS Enterprises | CMP: Rs 984 | Shares rose over 15 percent after the company posted robust earnings for the quarter ended June. The company's consolidated net profit for Q1 FY25 rose nearly 57 percent YoY to Rs 28.2 crore and revenue increased 61 percent YoY to Rs 188.6 crore.
8/11
G R Infraprojects | CMP: Rs 1,682 | Shares fell nearly 5 percent after the company's consolidated net profit fell nearly 50 percent YoY to Rs 155.5 crore in Q1 FY25.
Prataap Snacks | CMP: Rs 873.9 | Shares declined 3 percent after the company's standalone net profit fell nearly 30 percent YoY to Rs 9.43 crore in Q1 FY25.
10/11
Somany Ceramics | CMP: Rs 740 | Shares fell over 4 percent after the company's Q1 FY25 consolidated net profit fell an on annual basis to Rs 12.3 crore from Rs 14.6 crore.
11/11
Repco Home Finance | CMP: Rs 505 | Shares fell 7 percent as Q1 FY25 performance failed to cheer investors. The sanctions fell nearly 26 percent and disbursements declined 24 percent on a sequential basis.
