Gainers & Losers: Top 10 stocks that moved the most on June 30

Benchmark indices Nifty and Sensex slid on Monday, dragged down by sharp declines in private bank, oil & gas, and metal stocks. In contrast, the broader market remained resilient, with the rally in mid and smallcaps stretching into a seventh straight session.

JB Chemicals | CMP Rs 1,677 | Shares nosedived as much as 7 percent after Torrent Pharmaceuticals acquired a controlling stake in the company from global private equity firm KKR at an equity valuation of Rs 25,689 crore (fully diluted basis). This marks the second-largest deal in India’s pharma sector, behind Sun Pharma’s 2015 acquisition of Ranbaxy.

Karnataka Bank | CMP Rs 196 | The bank's stock price tanked 6 percent after the bank's CEO, Srikrishnan Hari Hara Sarma, and Executive Director Sekhar Rao stepped down from their positions, citing personal reasons. Moneycontrol reported that differences between Sarma, Rao and the bank’s board on a certain expenditure incurred by the lender are said to have resulted in the chief executive wanting to step down from his position.

Alembic Pharmaceuticals | CMP Rs 1,019 | The share price surged as much as 13 percent on June 30 after the company received final approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for Doxorubicin Hydrochloride Liposome Injection in two dosage strengths — 20 mg/10 mL and 50 mg/25 mL single-dose vials.

Waaree Energies | CMP Rs 3,150 | The renewable energy company's shares surged 7 percent on June 30 after its subsidiary secured an order for the supply of 540 Megawatt (Mw) solar modules. The order was secured from a US-based developer and owner-operator of utility-scale solar and energy storage projects.

Jyoti CNC Automation | CMP Rs 1,061 | The stock price tumbled as much as 6 percent as a large deal took place in the block deal window. Around 6.06 percent equity or 1.37 crore shares in the firm were traded through the block deal route for Rs 1,499 crore. The shares were exchanged at Rs 1,087 per share, implying a 3.7 percent discount from the previous session's closing price.

Torrent Pharma | CMP Rs 3,411 | The share price rallied as much as 4 percent before paring partial gains after it signed definitive agreements to acquire a controlling stake in JB Chemicals and Pharmaceuticals (JB Pharma) from global private equity firm KKR at an equity valuation of Rs 25,689 crore (fully diluted basis).

IDBI Bank | CMP Rs 103 | Shares of the lender rallied as much as 4 percent after reports surfaced that the Centre is gearing up to invite financial bids for the lender. As per a report by CNBC-TV18, the government is close to finalising the share purchase agreement with potential buyers, and may soon seek approval from the ministerial panel overseeing the deal.

PSU Bank Stocks | Shares were in sharp focus on June 30 after the Finance Ministry directed state-owned lenders to monetise their stakes in subsidiaries via IPOs or strategic stake sales. In response to the move, shares of leading PSU banks including Bank of Baroda, Canara Bank, Indian Bank, State Bank of India (SBI), Punjab National Bank (PNB), and Bank of India surged between 1 to 3 percent intraday.

Gujarat Industries Power | CMP Rs 219 | Shares jumped over 6 percent on June 30 after the company commissioned 105 MW out of 600 MW Solar Power Project at Kutch. According to the company, the one-time order involves the supply of 270 Mw of solar modules in 2025, with the remaining 270 Mw scheduled for delivery during 2027–2028.

SBFC Finance | CMP Rs 112 |Shares rose over 5 percent after gobal broking house Investec initiated coverage on non-banking financial player on its strong franchise in the secured MSME segment. Further, the non-bank achieved an impressive 40 percent AUM CAGR over the past five years with improving profitability and stable asset quality. The brokerage issued a 'buy' tag, with a target of Rs 135 per share, indicating an upside potential of 27 percent.