Gainers & Losers: Stocks that moved the most on August 8

Bears owned the Street yet again as benchmark indices Nifty and Sensex ended on a weak note following a sharp tumble in IT and metal stocks. At close, the Sensex was down 581 points or 0.7 percent at 78,886 and the Nifty 50 was down 180 points at 24,117.00. About 1,716 shares advanced, 1,674 shares declined, and 75 shares were unchanged.

BSE | CMP: Rs 2,589 | Shares skyrocketed 8 percent buoyed by the stock exchange's stellar earnings in the April-June quarter. Record high EBITDA margins too bolstered the investor sentiment.

Dr Lal PathLabs | CMP: Rs 3,185.50 | Shares fell nearly 3 percent as concerns over valuations outweighed the company's positive quarterly earnings. Given that stock has risen over 40 percent in just three months, brokerages like Centrum Broking, ICICI Securities and JM Financial chose to downgrade Dr Lal PathLabs, and cited limited upside potential due to lofty valuations.

Protean eGov Tech | CMP: Rs 1,845 | Shares worth Rs 236 crore were sold in a block deal with Standard Chartered Bank being the likely seller. Around 12 lakh shares, representing a 3.2 percent stake in the information technology-enabled solutions provider changed hands in the block deal. The transaction was executed at a floor price of Rs 1,805 apiece, implying an over 3 percent discount from the previous close. The block deal sent shares of Protean eGov down over 1 percent.

ITD Cementation India | CMP: 537 | Shares zoomed over 11 percent after the company reported a 92 percent on-year surge in its net profit at Rs 100 crore for the quarter ended June 2024, beating analysts' estimates. Its revenue grew by 30 percent YoY to Rs 2,381 crore.

BASF India | CMP: Rs 7,566.30 | Shares surged over 9 percent, extending previous session's gains to hit a fresh record high as investors cheered the company's fiscal first quarter earnings. The Indian arm of the German chemical giant BASF (Badische Anilin- & Sodafabrik) reported a 36 percent on-year growth in net profit at Rs 22 crore in Q1 FY25. Its revenue jumped 18 percent YoY to Rs 399 crore during the quarter under review.

Suzlon Energy | CMP: Rs 73 | Shares hit a 5 percent upper circuit to scale a multi-year high of Rs 73.05 on NSE. The recent surge comes after the renewable energy player signed definitive agreements for acquisition of 76 percent stake in Renom Energy Services from the Sanjay Ghodawat Group (SGG).

Indigo Paints | CMP: Rs 1,460 | Shares fell over 1 percent after the company saw a 15.6 percent fall in consolidated net profit to Rs 26.2 crore for the quarter, as against Rs 31 crore in the corresponding quarter last year.

Godrej Consumer Products | CMP: Rs 1,458 | Shares fell over 3 percent after it delivered a mixed April-June quarter performance. Despite this, brokerages remain optimistic about the stock, especially after the company announced its entry into the pet food business with a Rs 500 crore investment plan.

RVNL | CMP: Rs 539.50 | Shares fell nearly 5 percent after the company's consolidated net profit dropped by 34.7 percent to Rs 223.9 crore, compared to Rs 343 crore in the same quarter the previous year. Revenue from operations was Rs 4,073 crore, a 26 percent decrease from Rs 5,571 crore in the corresponding quarter of the prior year.

Nazara Technologies | CMP: Rs 925 | Shares rose over 2 percent after the company said it has received a letter of intent (LoI) for the acquisition of Smaaash Entertainment, which is undergoing an insolvency process.