Gainers & Losers: Stocks that moved the most on September 13
While the benchmarks Nifty 50 and the Sensex ended the session in the red, the broader market outperformance, keeping the overall market breadth in favour of gainers.
The market took a breather and ended on a flat note on September 13 after the previous day’s sharp uptick. The Sensex was down 71.77 points or 0.09 percent at 82,890.94, and the Nifty was down 32.40 points or 0.13 percent at 25,356.50.
2/11
Adani Stocks | Adani group stocks fell into a sea of red after reports suggested that Swiss authorities froze more than $310 million across multiple Swiss bank accounts as part of the investigation into entities allegedly linked to the Adani Group.
3/11
Transformers & Rectifiers (India) | CMP: Rs 683.95 | Transformers & Rectifiers shares gained around 3 percent after bagging an order win worth Rs 114 crore. The order is from RRVPNL or Rajasthan Rajya Vidyut Prasaran Nigam Limited for power transformers of 50 MVA, 132/33 KV.
4/11
DLF | CMP: Rs 866 | Shares of the company surged 4 percent after international brokerage CLSA decided to maintain its 'hold' rating real estate giant DLF with a target price of Rs 775, citing the company's focus on profitable growth and execution. According to CLSA, DLF is targeting a 15 percent growth in presales and rental income over the medium term. The firm also forecasts EBITDA and cash flow to grow at an even higher rate.
Gold Financiers | Shares of gold financiers-Muthoot Finance and Manappuram Finance surged up to 3 percent each as gold prices soared to a record high. Gold prices surged to a record high on Friday, surging past the $2,550-mark, as the dollar weakened, driven by expectations of imminent cuts in US interest rates.
6/11
Godfrey Phillips | CMP: Rs 7,341 | Shares surged as much as 11 percent in the run-up to the company's board meeting to discuss the proposal for a bonus issue. The company stated that its board will meet on September 20 to approve the bonus issue in the ratio of 2:1, meaning two bonus shares will be issued for each share held.
7/11
HG Infra Engineering | CMP: Rs 1,562 | Shares zoomed over 4 percent a day after the company bagged a Central Railway project in Maharashtra, worth Rs 716 crore. The project involves the construction of a new broad gauge line between Dhule (Borvihir) and Nardana in Maharashtra, spanning approximately 49.45 km. The project, which will be executed under the engineering and procurement contract (EPC) mod, has a construction timeline of 30 months.
8/11
Bharti Hexacom | CMP: Rs 1,359 | Shares rose over 5 percent after Jefferies upgraded the counter to 'buy' and raised the target price to Rs 1,600 per share. With the new target price, analysts at Jefferies estimate an upside potential of 24 percent from the previous close on the National Stock Exchange (NSE). The brokerage has increased its FY26 and 27 revenue and EBITDA estimates by 5-12 percent. Bharti Hexacom's higher EBITDA and free cash flow to equity (FCFE) CAGR of 25 percent and 66 percent, respectively, over FY24-27 compared to Bharti Airtel, are expected to support premium valuations, the international brokerage said.
Narayana Hrudayalaya | CMP: Rs 1,307 | Shares tanked close to 5 percent after HSBC initiated coverage with a 'reduce' call. HSBC anticipates Narayana Hrudayalaya to face considerable margin drag due to costs associated to its new hospital in Cayman Islands. "Benefits from current initiatives are likely at least two-three years away," HSBC wrote in a note.
10/11
Bajaj twins | Investors lapped up shares of Bajaj twins-Bajaj Finance, Bajaj Finserv as they rose up to 3 percent ahead of much-awaited market debut of Bajaj Housing Finance on September 16. The Rs 6,560 crore IPO of Bajaj Housing Finance attracted highest number of bids by value ever in Indian history. Promoted by Bajaj Finance and Bajaj Finserv, the company intends to utilise the proceeds to augment future business requirements and onward lending. According to unlisted markets, the grey market premium of the public issue continued to remain above 100 percent due to strong enthusiasm among investors, setting the stage for a strong post-listing performance.
11/11
Patanjali Foods | CMP: Rs 1,858 | Shares slipped almost 4 percent after it saw 3.3 percent equity stake being sold in large trades on Friday, September 13 for a total of Rs 2,223.4 crore with the promoter group firms likely seller. As many as 1.2 crore shares changed hands at an averages price of Rs 1889 per share.
![Narayana Hrudayalaya | CMP: Rs xxx | Shares tanked close to 5 percent after HSBC initiated coverage with a 'reduce' call. HSBC anticipates Narayana Hrudayalaya to face considerable margin drag due to costs associated to its new hospital in Cayman Islands. "Benefits from current initiatives are likely at least two-three years away," HSBC wrote in a note.](https://images.moneycontrol.com/static-mcnews/2024/09/20240906062708_Sensex_nifty_market_down_Sensex.jpg "Narayana Hrudayalaya | CMP: Rs xxx | Shares tanked close to 5 percent after HSBC initiated coverage with a 'reduce' call. HSBC anticipates Narayana Hrudayalaya to face considerable margin drag due to costs associated to its new hospital in Cayman Islands. "Benefits from current initiatives are likely at least two-three years away," HSBC wrote in a note.")
