Gainers & Losers: Stocks that moved the most on August 9
India VIX cooled down to 15. All 13 major sectoral indices closed in the green with Nifty PSU Bank and Nifty Auto emerging top gainers. The broader market also saw good traction with BSE Midcap and Smallcap indices rising 0.8 percent and 1.2 percent, respectively.
Domestic benchmarks Nifty 50 and Sensex closed with gains of over one percent, buoyed by positive global signals that boosted market sentiment. The day saw a broad-based rally, providing relief and restoring optimism after recent declines. At close, the Sensex was up 820 points or 1 percent at 79,706 and the Nifty was up 252 points at 24,368. About 2,061 shares advanced, 1,297 shares declined, and 89 shares were unchanged.
2/10
Eicher Motors | CMP: Rs 4,837 | Shares surged nearly 6 percent after the company posted better-than-expected results for the April-June quarter. The company reported a consolidated net profit of Rs 1,101 crore, up 20 percent on a year-on-year (YoY) basis, riding on favourable commodity prices, inventory benefits, and positive volume growth in the Royal Enfield (RE) segment. The company’s total revenue from operations stood at Rs 4,393 crore, which is an uptick of 10.2 percent as compared to Rs 3,986 crore in Q1FY24.
3/10
Godfrey Phillips | CMP: Rs 4,448 | Shares soared nearly 8 percent after the company's cigarette sales volume outperformed its peers.
4/10
Bombay Burmah Trading Corporation | CMP: Rs 2,31.9 | Shares jumped over 5 percent, a day after the company reported a good set of numbers for the quarter ended June. It reported a net profit of Rs 222.29 crore in Q1FY25, a significant turnaround from the net loss of Rs 156.17 crore in the same quarter of the previous year.
Cochin Shipyard | CMP: Rs 2,375.60 | Shares rose 3 percent as investors cheered the company's solid results for the quarter ended June 2024. The company reported a 77 percent jump in net profit at Rs 174.2 crore. The state-run firm's revenue from operations jumped 62.1 percent YoY to Rs 771.47 crore in the quarter under review.
6/10
Lupin | CMP: Rs 2,115 | Shares rose over 3 percent after global brokerage JPMorgan upgraded its rating on the stock to 'Overweight' and raised its price target as well to Rs 2,400, following the company's strong Q1FY25 results.
7/10
Birla Corporation | CMP: Rs 1,357 | Shares fell 5 percent after the company posted YoY decline in its consolidated net profit and revenue for the quarter ended June. "Unusually weak cement prices and sluggishness in demand, coupled with an unprecedented downturn in the jute industry, weighed down Birla Corp's June quarter profitability," the company said in a press release.
8/10
Steel Authority of India | CMP: Rs 129.3 | Shares fell 6 percent after the company reported a 61 percent year-on-year fall in consolidated net profit to Rs 81.78 crore for Q1FY25 amid weaker domestic steel prices arising from increased competition from China.
Nexus Select Trust | CMP: Rs 137.2 | Shares fell 5 percent after 20 percent stake in Nexus Select Trust REIT units changed hands in a block deal, with private equity firm Blackstone Group being the likely seller.
10/10
RPSG Ventures | CMP: Rs 780.3 | Shares fell 4 percent after the company's profit after tax (PAT) for Q1FY25 declined to Rs 5.5 crore from Rs 7.6 crore recorded a year ago.
![Birla Corporation | CMP: Rs x | Shares fell x percent after the company posted YoY decline in its consolidated net profit and revenue for the quarter ended June. "Unusually weak cement prices and sluggishness in demand, coupled with an unprecedented downturn in the jute industry, weighed down Birla Corp's June quarter profitability," the company said in a press release.](https://images.moneycontrol.com/static-mcnews/2020/05/BIRLA-CORPORATION.jpg "Birla Corporation | CMP: Rs x | Shares fell x percent after the company posted YoY decline in its consolidated net profit and revenue for the quarter ended June. "Unusually weak cement prices and sluggishness in demand, coupled with an unprecedented downturn in the jute industry, weighed down Birla Corp's June quarter profitability," the company said in a press release.")
