Gainers & Losers: Stocks that moved the most on July 30
Eight out of the 13 major sectoral indices ended in the green on July 30 with Nifty Energy as the top gainers, rising over 1 percent. In the broader market, the BSE Midcap index was up 0.3 percent and Smallcap index rose 0.9 percent.
Indian benchmark indices ended marginally higher in the volatile session on July 30. At close, the Sensex was up 99 points or 0.1 percent at 81,455, and the Nifty was up 21 points or 0.1 percent at 24,857. About 2,074 shares advanced, 1,378 shares declined, and 79 shares were unchanged.
2/11
PNB Housing Finance | CMP: Rs 779| Shares fell 2 percent after private equity firm Carlyle Group's Quality Investment Holdings PCC likely offloaded stake worth Rs 2,642 crore through a block deal.As much as 3.40 crore shares, representing a 13.1 percent stake in the housing finance company changed hands on the exchanges at an average price of Rs 778 apiece.
3/11
Suzlon Energy | CMP: Rs 68.2 | Shares rose 5 percent, extending gains to the seventh session in a row. The stock has now surged over 23 percent since it released Q1FY25 earnings last week. The wind energy company reported a 200 percent on year surge in its net profit to Rs 302 crore in the June quarter. The revenue too rose 50 percent to Rs 2,016 crore in the first quarter of the current fiscal, up from Rs 1,348 crore in the year ago period.
4/11
Power Grid Corporation of India | CMP: Rs 349.50 | Shares soared over 2 percent after the company guided for an increased capital expenditure outlay for FY25. The company's management has guided for Rs 18,000 crore capex for FY25, up from its previous guidance of Rs 15,000 crore. As for FY26 and FY27, the company has assigned a capex outlay of Rs 25,000 crore and Rs 30,000 crore, respectively.
Colgate Palmolive | CMP: Rs 100.9 | Shares rose nearly 2 percent after the company's all-round beat with its April-June earnings garnered praise from across the Street. Brokerages were especially impressed with the company's better-than-expected volume growth, driven by a recovery in rural demand. Brokerage firm Nomura remains positive over Colgate's volume growth of 6-7 percent in Q1 of FY25, more so as it topped the brokerage's expectation of a 2 percent increase.
6/11
NTPC | CMP: Rs 406.7 | The stock rallied over 3 percent to touch an all-time high of Rs 412.7 per share on July 30 after it clocked a strong April-June quarter (Q1FY25) results. Brokerages largely remained bullish on the counter as they expect thermal and nuclear power businesses to drive further growth ahead. Jefferies maintained its 'buy' call on NTPC and raised target price to Rs 485 from Rs 445 apiece, expecting execution of orders to pick up pace.
7/11
Kansai Nerolac | CMP: Rs 302.2 | The stock soared over 7 percent on July 30, following management's optimistic outlook for strong demand in the upcoming quarters due to favorable monsoon trends, despite the company having a subdued performance in the April-June quarter (Q1FY25).
8/11
Kalpataru Projects | CMP: Rs 1,327 | Shares of Kalpataru Projects International tumbled over 2 percent on July 30 after it reported a weak April-June quarter (Q1FY25) figures. The realty firm posted about 26 percent on-year decline in consolidated net profit to Rs 84 crore in Q1FY25 from Rs 113 crore in the year-ago period.
Granules India | CMP: Rs 588.9 | Granules India surged over 4 percent after the pharma player reported a 181 percent jump in consolidated net profit for the quarter ended June, 2024.
10/11
TTK Prestige | CMP: 936 | The consumer durables player saw its shares rise over 3 percent after the firm announced the management will consider a buyback of equity shares during the upcoming board meeting on August 2, 2024.
11/11
ideaForge Technology | CMP: Rs 760 | Shares fell over 11 percent to an intraday low of Rs 740 on July 30, after the company reported weak earnings for the quarter ended June. The weak performance was due to a 321 percent YoY rise in raw material costs, reaching Rs 56.1 crore, indicative of the business development initiatives taken by the company.
