Gainers & Losers: Top stocks that moved the most on September 6
Indian equity indices ended on weaker note with Nifty around 24850 on September 6 amid selling seen across the sectors. Here are some stocks that moved the most today.
Indian equity indices ended on weaker note with Nifty around 24850 on September 6 amid selling seen across the sectors. At close, the Sensex was down 1,017.23 points or 1.24 percent at 81,183.93, and the Nifty was down 292.90 points or 1.16 percent at 24,852.20.
2/11
VST Industries | CMP: Rs 481.40 | Shares of the cigarettes & tobacco products maker surged 18.8 percent as the stock traded ex-bonus. The company had announced the issue of 10 bonus shares for every one share held as of the record date (September 6).
3/11
Rama Steel Tubes | CMP: 16.64 | Rama Steel Tubes surged 20 percent to extend its winning streak for the third consecutive session, surging over 55 percent over three session, after the firm announced a strategic collaboration with Onix Renewable.
4/11
Udayshivakumar Infra | CMP: 62.58 | Udayshivakumar Infra shares hit their five percent upper circuit for the second straight session after the firm's JV bagged three order wins, totalling Rs 1,057.3 crore. The infrastructure player entered into three joint ventures with KMC Construction (KMCCL) for bidding on national highways project works under the EPC mode in Karnataka.
Premier Energies | CMP: Rs 1,104 | The stock closed 9.8 percent higher after surging 18 percent intraday to hit a new record high of Rs 1,188.90 on NSE. The recently listed entity has received an order from the Uttar Pradesh Department of Agriculture to supply, install and commission a five-year comprehensive warranty of 8,085 solar water pumping systems across various districts in the state. The project, valued at Rs 215 crore, is scheduled for completion by March 2025.
6/11
Gujarat Fluorochemicals | CMP: Rs 3,785.10 | Shares of the company surged 7.4 percent amid heavy volumes. So far in the day, a total of 16 lakh shares of the company changed hands on BSE and NSE combined, compared to the one-month average trading volume of 2 lakh equity shares.
7/11
Marico | CMP: 666.90 | In a muted market, FMCG giant Marico stood out, rising 3.6 percent in trade on heavy volumes. Over 57 lakh shares exchanged hands in trade on the bourses today, more than double compared to the one-month daily traded average of 23 lakh shares.
8/11
Vodafone Idea | CMP: Rs 13.43 | The stock fell over 11 percent to hit a 52-week after Goldman maintained its 'Sell' rating on the stock but slightly increased the target price to Rs 2.5 from Rs 2.2 earlier, which suggested an 83 percent downside in the stock price. The brokerage said that the company faces difficulties in achieving free cash flow break-even and recovering market share.
Tata Motors |CMP: Rs 1,050 | Shares of the auto major slipped by over a percent to Rs 1,054, marking a sixth consecutive session of decline, as HSBC assigned a 'Hold' rating with a target price suggesting muted upside.
10/11
Wockhardt | CMP Rs 1,034.55 | Shares tanked 5 percent after Congress accused Securities and Exchange Board of India (SEBI) chairperson Madhabi Puri Buch of conflict of interest with the drug firm. Congress alleged Buch received rental income from an entity affiliated with a Mumbai company that the market regulator was investigating for various cases, including that of insider trading.
11/11
Canara Bank | CMP Rs 103.53 | Shares slipped 4.3 percent as the Nifty PSU Bank index declined almost three percent in trade on September 6. The index was the worst-performing sector, extending its total fall to around 4 percent over the past month. September seasonality could be a factor at play, as Nifty PSU Bank has given investors negative returns eight out of 13 years in September.
