Gainers & Losers: Top stocks that moved the most on September 10
Most sectors ended in the green, barring oil and gas, with information technology taking the lead, followed by pharma. The Nifty IT index surged nearly 2 percent while Nifty Pharma was up over 1 percent.
Sensex and Nifty ended higher on September 10, fueled by robust buying in IT, telecom, and healthcare stocks. However, gains were tempered by lingering caution ahead of the US inflation data release scheduled for September 11. At close, The Sensex climbed 361.75 points, or 0.44 percent, to 81,921.29, while the Nifty rose 104.70 points, or 0.42 percent, to 25,041.10. Market breadth was positive, with 2,473 stocks advancing, 1,300 declining, and 98 remaining unchanged.
2/11
Premier Energies | CMP: Rs 1,161.85 | Shares saw wild swings in today's trading session as the stock slipped over 12 percent from its record high, touched earlier in the day on September 9. The stock started the session on a positive note, extending its bull run to the ninth straight day since its market debut, surging as much as 181 percent over its IPO price of Rs 450. However, such blockbuster gains soon attracted a wave of profit booking in the counter, pulling it into the sea of losses, down 4 percent.
3/11
Inox Wind | CMP: Rs 241.10 | Shares gained over 3 percent on high volumes and a rally in the broader market. A total of 2 crore shares of the company changed hands on BSE and NSE combined so far, compared to the one-week average trading volume of 1 crore shares.
4/11
Paytm | CMP: Rs 653.60 | The stock surged over 4 percent amid heavy volumes. A total of 2 crore shares of the company changed hands on BSE and NSE combined so far, compared to the one-month average trading volume of 1 crore shares. The surge could also be attributed to the GST Council not making any announcements in regards to GST on UPI transactions below Rs 2,000.
Suzlon Energy | CMP: Rs 78.05 | The stock gained 5 percent as Morgan Stanley maintained an 'Overweight' rating on the stock with a target price of Rs 73, following a significant 1.17 GW order win from NTPC. This is a notable achievement for Suzlon, as it has secured a PSU order after a long hiatus, the brokerage said. Suzlon stock is currently trading above the target price.
6/11
IREDA | CMP: Rs 235 | The stock surged over 5 percent, a day after the company signed a Memorandum of Understanding (MoU) with SJVN Ltd., GMR Energy Ltd., and their associated companies for the development and implementation of the 900 MW Upper Karnali hydro-electric project in Nepal.
7/11
Snack Stocks | Shares of snack makers such as Bikaji Foods, Prataap Snacks and Gopal Snacks soared over 6 percent on September 10 after the government slashed GST rates of namkeen and savoury products to 12 percent from 18 percent earlier.
8/11
HG Infra Engineering | CMP: Rs 1,757 | The stock surged 8 percent following the company's recent win of a major Rs 781 crore contract from the Ministry of Road Transport & Highways (MoRTH). The contract involves upgrading a 10.630 km stretch of National Highway 47 (NH-47) in Gujarat, specifically between Narol and Sarkhej junctions.
Ahluwalia Contracts (India) | CMP: Rs 1,245 | The surged over 4 percent after securing an order worth Rs 1,144 crore from Gurugram-based realty firm Signature Global Business Park for a group housing project. The project, titled "De-luxe DXP," will be located in Sector 37D, Dwarka Expressway, Gurugram, and is expected to be completed within a five-year regulatory timeframe.
10/11
Upstream oil stocks | Shares of upstream oil stocks ONGC and OIL continued to reel under selling pressure, weighed down by weakness in global demand, supply disruptions, and bearish notes revising forecast for crude oil prices downwards. Oil India fell over 4 percent while shares of ONGC closed with an 1 percent cut. Monday's session had seen a rebound in global crude prices that have been down for six sessions on the trot, before that.
11/11
ITI | CMP: Rs 299| Shares rose nearly 6 percent after the PSU firm bagged a Rs 300 crore order from the Bihar government. The telecom manufacturing company has received an order worth around Rs 300 crore from Bihar Renewable Energy Development Authority (BREDA) for the supply and installation of 1,00,000 numbers of Solar Street Light Systems to Bihar state government. The news led to a sharp uptick in the price movement of the stock. This is in addition to 80,000 solar street light systems the company is currently executing in Bihar for BREDA.
![Ahluwalia Contracts (India) | CMP: Rs xx per share | The surged over 6 percent on September 10 after securing an order worth Rs 1,144 crore from Gurugram-based realty firm Signature Global Business Park for a group housing project. The project, titled "De-luxe DXP," will be located in Sector 37D, Dwarka Expressway, Gurugram, and is expected to be completed within a five-year regulatory timeframe.](https://images.moneycontrol.com/static-mcnews/2024/09/20240904033144_Stock-market-pixabay-.jpg "Ahluwalia Contracts (India) | CMP: Rs xx per share | The surged over 6 percent on September 10 after securing an order worth Rs 1,144 crore from Gurugram-based realty firm Signature Global Business Park for a group housing project. The project, titled "De-luxe DXP," will be located in Sector 37D, Dwarka Expressway, Gurugram, and is expected to be completed within a five-year regulatory timeframe.")
