Gainers & Losers: Stocks that moved the most on July 24
The broader markets, mainly midcap and smallcap indices, regained momentum after underperforming the headline indices last week. The two closed 0.8 and 1.9 percent higher, respectively.
Nifty and Sensex ended the July 24 session on a weak footing, closing in the negative territory for the fourth trading session in a row as bank and FMCG stocks slipped following the Union Budget, which was tabled on July 23. Sensex closed 280 points or 0.4 percent lower at 80,148 and the Nifty 50 was down 65 points or 0.3 percent at 24,413. About 2,481 shares advanced, 926 shares declined, and 82 shares remained unchanged.
2/11
United Spirits | CMP: Rs 1,395.35 | Shares soared 6.5 percent to hit a record high of Rs 1,417.30, a day after the liquor company reported positive earnings for the April-June period.
3/11
Bajel Projects | CMP: Rs 286 | Shares soared as much as 9.7 percent after the company announced that it has secured an order worth Rs 586.28 crore from Power Grid.
4/11
ICICI Prudential Life | CMP: Rs 695 | Shares rose nearly 8 percent after the company's Q1 FY25 net profit rose 8.9 percent YoY to Rs 225.4 crore.
ITC | CMP: Rs 494 | Shares rose nearly 2 percent in early trade after Jefferies upgraded its rating to to a 'buy' after tobacco taxes remained unchanged in Budget 2024. The brokerage also raised ITC's target price to Rs 585 per share.
6/11
Bajaj Finance | CMP: Rs 6,614.90 | Shares fell over 2 percent after it missed Q1 FY25 earnings estimates. It's NIM declined both sequentially and annually. Analysts also noted potential pressure on NIM for Q2 FY25.
7/11
Schaeffler India | CMP: Rs 4,127.75 | Shares rose nearly 6 percent after the auto parts maker reported a 3.5 percent YoY growth in net profit at Rs 245.4 crore for Q1 FY25. It's revenue increased over 15 percent to Rs 2,106.8 crore and EBITDA rose 10 percent to Rs 376.3 crore.
8/11
Titagarh Rail Systems | CMP: Rs 1,636.35 | Shares rose over 3 percent as company begin export of traction converters with first shipment to Italy.
Borosil Renewables | CMP: Rs 562.30 | Shares rose nearly 9 percent after Finance Minister Nirmala Sithraman in her Budget speech announced PM Surya Ghar Muft Bijli Yojana was witnessing 1.28 crore registrations and 14 lakh applications.
10/11
Alembic Pharma | CMP: Rs 144.70 | Shares rose nearly 9 percent after company got US FDA nod for Luphenazine Hydrochloride Tablets.
11/11
Butterfly Gandhimathi Appliances | CMP: Rs 838 | Shares fell nearly 3 percent after company reported a 83 percent YoY decline in net profit and 17 percent fall in revenue.
