Gainers & Losers: Stocks that moved the most on July 31
11 of the 13 major sectoral indices gained on July 31. In the broader market, BSE Midcap index gained 0.9 percent while the Smallcap index fell 0.1 percent.
Nifty and Sensex closed higher for the fifth trading session. Financial services, auto, and metal stocks led the gains in Nifty. At close, the Sensex was up 285 points or 0.4 percent at 81,741, and the Nifty was up 94 points at 24,951. About 1,816 shares advanced, 1,644 shares declined, and 64 shares were unchanged.
2/11
Torrent Power | CMP: Rs 1,865 | Shares soared over 16 percent to hit a fresh record high of Rs 1,898 on NSE after the integrated power utility of the diversified Torrent Group reported stellar earnings for the quarter ended June.
3/11
Titagarh Rail Systems | CMP: Rs 1,628 | Shares fell over 3 percent after a subdued performance in the June quarter prompted investors to book partial profits.
4/11
IndiaMART InterMESH | CMP: Rs 2,944 | Shares tumbled almost 7 percent after the firm reported an addition of just 1,500 subscribers during the quarter ended June, falling sharply under the Street's estimates.
Trent | CMP: Rs 5,849 | Shares extended gains for the eighth consecutive session, rising over 4 percent to reach a new record high of Rs 5,826 per share. This uptick is driven by expectations that the retail firm will be included in the Nifty 50 index during the September reshuffle.
6/11
Automobile Corporation of Goa (ACGL) | CMP: Rs 2,802.30 | Shares surged by 20 percent, hitting an upper circuit limit and a new all-time high after reporting robust Q1FY25 results.
7/11
GAIL India | CMP: Rs 241.20 | GAIL India share price jumped over 3 percent after the country’s largest gas distributor reported strong Q1 FY25 results, beating street estimates.
8/11
Greenply Industries | CMP: Rs 359.80 | Shares rose over 10 percent after the company posted a YoY rise in its net profit and revenue for the quarter ended June.
BSE | CMP: Rs 2,559 | Shares closed over 6 percent higher, a day after the Securities and Exchanges Board of India (SEBI) proposed some changes to Futures & Options (F&O) trading. For BSE, Jefferies anticipates that the removal of the Bankex weekly contract could reduce EPS by 7-9 percent over FY25-27. However, Jefferies also suggests that gains from the spillover of trading activity from discontinued products could offset BSE's EPS impact and, in the event of a moderate industry-wide impact of SEBI measures, potentially drive EPS upgrades.
10/11
Satin Creditcare Network | CMP: Rs 225.10 | Shares closed nearly 2 percent higher after the company reported a rise in its net profit and revenue for the June quarter.
11/11
Nilkamal | CMP: Rs 1,924.50 | Shares fell over 5 percent after the company's net profit and revenue fell over 18 percent and 5 percent. respectively, in the June quarter.
