Gainers & losers: Stocks that moved the most on June 6
Despite the volatile moves in trade, the two benchmarks Sensex and the Nifty managed to extend their rebound to the second session, albeit off their day's highs. PSU and other sectors hammered during the June 4 market meltdown also staged a solid comeback.
Indian benchmarks- the Nifty 50 and the 30-stock Sensex extended their recovery to the second session and ended in the green on June 6, albeit off their day's highs. The two indices struggled with increased volatility through the session on account of the weekly derivatives expiry but still managed to hold on to much of their gains. At close, the Sensex was up 692.27 points or 0.93 percent at 75,074.51, and the Nifty was up 201.10 points or 0.89 percent at 22,821.40.
2/11
Heritage Foods | CMP: Rs 601.15 | Shares surged another 10 percent after it become certain that Telugu Desam Party (TDP) leader Chandrababu Naidu will become Chief Minister of Andhra Pradesh after the recently concluded assembly elections. The dairy products manufacturers Nara Bhuvaneshwari and Nara Lokesh are the wife and son of the Chief Minister-elect respectively.
3/11
BHEL | CMP: Rs 278.50 | Shares closed 9 percent higher after it announced a major order win of over Rs 3,500 crore from Adani Power. The order is to set up a 2x800 MW thermal power plant (TPP) in Raipur, Chhattisgarh, and as per the contract, BHEL will supply equipment. In addition, value buying after the sharp correction in the stock also helped in the gains.
4/11
Uno Minda | CMP: Rs 977.20 | Shares closed 13.5 percent higher as the company inked a deal with China's lnovance Automotive to boost the electric four-wheeler product portfolio. The development assumes importance as the management suggests that this will 'significantly' expand its e-4W product portfolio, enabling them to effectively cater to the growing Indian EV market.
Amara Raja Energy and Mobility | CMP: Rs 1,283 | Shares closed over 5 percent higher after it hit a fresh all-time high of Rs 1,333 as investors turn bullish on the counter following Telugu Desam Party's massive victory in the local assembly elections, consequently becoming a major player in national politics.Amara Raja's Managing Director Jay Dev Galla was a former MP from the party. The two-time MP and head of Amara Raja group decided not to contest Lok Sabha elections this year.
6/11
Zee Entertainment Enterprises | CMP: Rs 154.65 | Shares shot up 6 percent after its board gave its in-principle approval for raising funds up to Rs 2,000 crore via issuance of shares or eligible securities.
7/11
Bhagiradha Chemicals & Industries | CMP: Rs 241.25 | The stock rallied 8.5 percent after Derive Trading And Resorts acquired nearly 3.5 per cent stake in the company via open market. In the past two trading days, the stock of the company engaged in manufacturing of crop care chemicals has zoomed 41 percent .
8/11
Hindustan Unilever | CMP: Rs 2,555 | Shares fell 2 percent as investors rushed to book profits after the stock's outperformance amidst the recent market meltdown. Shares of FMCG companies bucked the market correction and moved higher earlier this week as investors reallocated bets to defensive sectors.
Sun TV Network | CMP: Rs 721 | Shares fell 3.5 percent as investors rushed to cash in on profits after the stock's outperformance amidst the recent market meltdown. Shares of Sun TV bucked the market correction and gained over 5 percent higher earlier this week.
10/11
Century Textiles | CMP: Rs 2,105.70 | Shares closed over 14 percent higher after its arm, Birla Estates signed a pact to enter into a joint venture (JV) with Barmalt India to develop a land parcel for a luxury residential group housing at a marquee location in Gurugram. The land parcel spans 13.27 acres, with a development scope for around 2.4 million square feet, projecting a revenue potential of around Rs 5,000 crore.
11/11
IEX | CMP: Rs 163 | The stock zoomed over 4 percent after its monthly overall volume increased to 10,633 million units (MU) in May 2024, marking a 28.9 per cent year-over-year increase.
