Gainers & Losers: Top 10 stocks that moved the most on May 24
The Nifty 50 surpassed the 23,000-mark for the first time ever while the Sensex inched closer to the 75,500-level. However, the two indices pared much of their early gains to close largely flat on May 24.
The strong buying momentum lifted the two benchmarks to scale new peaks. The Nifty 50 surpassed the 23,000-mark for the first time ever while the Sensex inched closer to the 75,500-level. However, the two indices pared much of their early gains to close largely flat on May 24. At close, the Sensex was down 7.65 points or 0.01 percent at 75,410.39 while the Nifty lost 10.60 points to end at 22,957.10.
2/11
Landmark Cars | CMP: Rs 724 | Shares slipped over 5 percent after the company's March quarter net profit witnessed a considerable dip. The luxury car dealer's net profit for the fiscal fourth quarter nosedived over 54 percent to Rs 11 crore as against Rs 24.26 crore reported during the year-ago period.
3/11
Page Industries | CMP: Rs 35,600 | The Jockey India operator's recouped early losses on bargain buying. Share had declined two percent in morning trdde as the branded apparel player continues to see weakness in sales growth. Page Industries reported total revenue of Rs 995.3 crore for the March quarter, rising 3.2 percent from Rs 964.6 crore in the year-ago period.
4/11
Bharat Dynamics | CMP: Rs 1,552.05 | Shares of Bharat Dynamics -a Miniratna defence PSU - staged a 10.44 percent surge to hit an adjusted 52-week high of Rs 1,658.95, extending a nine-day run-up that saw a massive gain of 70 percent. The company traded ex-split on May 24, after having recently announced it will divide one equity share with face value of Rs 10 into two shares of face value of Rs 5 each.
Vodafone Idea | CMP: Rs 15.10 | Vodafone Idea (Vi) shares surged 7.5 percent after UBS upgraded the stock to a 'Buy' rating from 'Neutral', with a revised target price of Rs 18 from Rs 13.10 earlier. The international brokerage sees scope for a 70-80 percent rally in the stock ahead.
6/11
Bayer Cropscience | CMP: Rs 5,282 | Bayer Cropscience shares sank six percent after the chemical manufacturing player's net profit tanked 40 percent for the quarter ended March.
7/11
Zaggle Prepaid Ocean Services | CMP: Rs 314.70 | Shares rose after the company posted its highest ever quarterly net profit for the January-March quarter of FY24. The company's net profit came at Rs 30 crore in Q4 of FY24 as against a loss of Rs 160 crore a year ago. It is also worth noting that the company suffered an exceptional loss of Rs 155 crore in the year-ago period. Its revenue grew 21.46 percent to Rs 471.09 crore in the March quarter.
8/11
Finolex Cables | CMP: Rs 1,283.75 | Shares surged 12 percent on the back of strong January-March quarter (Q4FY24) performance, which beat Street estimates. Consolidated net profit rose 6.3 percent year-on-year (YoY) to Rs 186 crore in Q4FY24. Revenue from operations increased by 18.3 percent YoY to Rs 1,450 crore in Q4FY24.
Aegis Logistics | CMP: Rs 716.85 | Shares rose 14 percent after it released its quarterly numbers. Net profit grew 39 percent on year to Rs 196.30 crore while revenue fell 15 percent to Rs 1,837.2 crore.
10/11
Gland Pharma | CMP: Rs 1,867.90 | Shares rose percent after the US Food and Drug Administration cleared the company's Vizag API unit with zero observations. The US FDA inspected the Vizag facility from May 20-24, 2024.
11/11
Bikaji Foods International | CMP: Rs 552.90 | Shares surged over 3 percent after the company posted a massive 200 percent jump in net profit at Rs 116.28 crore in the quarter ended March 31, compared to Rs 38.67 crore in the year-ago period. Revenue from operations also rose 12.8 percent to Rs 520.82 crore in the March quarter, from Rs 461.69 crore in same period last year.
