Gainers & Losers: Stocks that moved the most on July 12
The broader market, including midcap and smallcap stocks, underperformed, reversing the morning trend where they had outpaced the headline indices. The midcap index fell by 0.2 percent, and the smallcap index dropped by 0.1 percent.
Benchmark indices Nifty and Sensex had a robust session on the bourses, maintaining gains after a strong rally in IT stocks boosted investor sentiment. At close, the Sensex was up 622 points or 0.8 percent at 80,519 and the Nifty was up 186 points at 24,502. About 1,607 shares advanced, 2,170 shares declined, and 102 shares were unchanged.
2/10
Rashtriya Chemicals and Fertilizers (RCFL) | CMP: Rs 229.30 | Shares surged around 10 percent to hit a fresh record high of Rs 244.9 on the National Stock Exchange (NSE) after the company announced a significant development.
3/10
Anand Rathi Wealth | CMP: Rs 3,995.50 | Shares surged close to 3 percent, a day after the company reported a strong set of earnings for the April-June quarter of FY25.
4/10
ABB India | CMP: Rs 8,200 | Shares fell almost three percent in trade after international brokerage UBS downgraded the counter to 'neutral', seeing limited room for a re-rating.
Cyient | CMP: Rs 1,838.10 | Shares surged over 7 percent to Rs 1,905 after the company announced a strategic expansion of its Semiconductor business with the establishment of a fully owned subsidiary.
6/10
Tata Consultancy Services | CMP: Rs 4,182.45 | Shares rose 7 percent after multiple brokerages upgraded their ratings and raised the target price for the IT giant, driven by its better-than-expected Q1 FY25 results.
7/10
GTPL Hathway | CMP: Rs 168 | Shares declined over 2 percent to Rs 167 per share after the company's net profit declined 60.2 percent year-on-year (YoY) to Rs 14.3 crore in the June ended quarter (Q1FY25).
8/10
Inox Wind | CMP: Rs 171.50 | Shares surged over 10 percent to hit an intraday high of Rs 175 on the National Stock Exchange (NSE). The stock has been in focus as investors expect that the upcoming Union Budget announcements may include continued focus on renewable energy by the government.
Zee Entertainment | CMP: Rs 156 | Shares jumped seven percent in the afternoon after the firm announced it would consider raising funds through the issue of securities.
10/10
Power Finance Corporation (PFC) | CMP: Rs 555.50 | Shares gained over 1.5 percent, a day after the government appointed Sandeep Kumar as Director (Finance) of the company.
