Gainers & Losers: Stocks that moved the most on July 29
On the back of strong global cues, the Indian indices opened at fresh record high and extended the gains in the first half. However, they erased all gains in the second half to end with little change from the previous close.
Markets began the trading week on a strong note and continued the previous session's record run on July 29, with benchmarks hitting fresh all-time high led by banking stocks post robust earnings reported over the weekend. At close, the Sensex was up 23 points or 0.03 percent at 81,355 and the Nifty was up 1.3 points or 0.01 percent at 24,836. About 2,103 shares advanced, 1,497 shares declined, and 108 shares were unchanged.
2/11
RITES | CMP: Rs 761.50 | Shares zoomed more than 14 percent after the railway-linked state-run company informed the exchanges that it will hold a board meet on July 31 to consider a bonus issue of shares.
3/11
KEC International | CMP: Rs 873.80 | Shares rose over 3 percent in early trade after the company's robust fiscal first-quarter earnings. The electric transmission tower manufacturer reported a net profit of Rs 87.6 crore for the quarter ending in June, more than doubling from Rs 42 crore a year ago.
4/11
Cipla | CMP: Rs 1,553 | Shares were up 2 percent in early trade after brokerages retained their optimistic outlook following the company's quarterly earnings show.
Interglobe Aviation | CMP: Rs 4,435 | Shares of country's largest domestic airline Interglobe Aviation or IndiGo fell 5 percent to Rs 4,273 apiece in morning trade after the company's Q1 earnings disappointed the Street.
6/11
IndusInd Bank | CMP: Rs 1,413 per share | The stock rose over 2 percent after it reported decent Q1FY25 results. Although brokerages remain bullish due to attractive valuations, they lowered target prices as Q1 earnings missed estimates.
7/11
Bandhan Bank | CMP: Rs 218.50 | The stock surged over 13 percent after the bank reported strong Q1FY25 earnings. Brokerages upgraded their ratings and raised target prices based on improved asset quality, better topline growth, and strong loan growth.
8/11
Cyient DLM | CMP: Rs 818 | The stock gained as much as 12.5 percent after the company said that it has won a contract from Boeing to produce the battery diode module (BDM) for the 787 Dreamliner. This is the first project for the production of power electronics and design or certification support for commercial airplanes awarded by Boeing to Cyient DLM.
DLF | CMP: Rs 868.70 | Shares extended gains and rose nearly 5 percent after brokerages pointed out the company's robust sales performance, expansion plans, and improved cash flow.
10/11
Larsen & Toubro | CMP: Rs 3,775 | Shares rose nearly 3 percent and emerged as one of the top gainers on Nifty 50 after the company's Power Transmission and Distribution (PT&D) business secured large orders, both domestically and internationally, to build grid elements. L&T classifies orders between Rs 2,500 crore and Rs 5,000 crore as 'large'.
11/11
Mphasis | CMP: Rs 2,930 | Shares declined four percent after brokerages expressed concerns over the stock's high valuations.
