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Top gainers and losers today: Stocks that moved the most on January 20
Benchmark indices, Nifty and Sensex, maintained their upward momentum on January 20, driven by strong gains in both public and private sector banks, which stood out as top performers.
1/11
Benchmark indices Nifty and Sensex extended morning gains to trade firmly in the green helped by a sharp uptick in bank and metal names. India VIX, a barometer to assess market anxiety, flared up nearly 8 percent, just shy of the 17-level mark. At close, the Sensex was up 454.11 points or 0.59 percent at 77,073.44, and the Nifty was up 141.55 points or 0.61 percent at 23,344.75. About 2,396 shares advanced, 1,490 shares declined, and 165 shares were unchanged.
2/11
Globus Spirits - Rs 926.3, 16.4%
Shares of Globus Spirits surged after the Ministry of Consumer Affairs, Food & Public Distribution slashed the price of rice supplied to ethanol distilleries. The cost has been reduced from Rs 28 per kg to Rs 22.50 per kg. The price reduction is expected to improve cost efficiency for distilleries.
Shares of Globus Spirits surged after the Ministry of Consumer Affairs, Food & Public Distribution slashed the price of rice supplied to ethanol distilleries. The cost has been reduced from Rs 28 per kg to Rs 22.50 per kg. The price reduction is expected to improve cost efficiency for distilleries.
3/11
Kotak Mahindra Bank - Rs 1920.5, 9.2%
Kotak Mahindra Bank shares were making headlines after it bagged a slew of upgrades from broking houses as analysts turned bullish on the bank following its positive earnings show for the October-December quarter (Q3) of the fiscal year 2024-25 (FY25). It reported a 10 percent rise in its net profit at Rs 4,701 crore for Q3FY25.
Kotak Mahindra Bank shares were making headlines after it bagged a slew of upgrades from broking houses as analysts turned bullish on the bank following its positive earnings show for the October-December quarter (Q3) of the fiscal year 2024-25 (FY25). It reported a 10 percent rise in its net profit at Rs 4,701 crore for Q3FY25.
4/11
Wipro - Rs 300.25, 6.5%
Tech major Wipro shares also gained 7 percent after it delivered better-than-expected earnings for Q3, marked particularly by its continued margin improvement despite a seasonally weak quarter. The company's operating margins, which came at a three-year high in Q3, have garnered positive views from brokerages, with some upgrading their estimates for the IT player.
Tech major Wipro shares also gained 7 percent after it delivered better-than-expected earnings for Q3, marked particularly by its continued margin improvement despite a seasonally weak quarter. The company's operating margins, which came at a three-year high in Q3, have garnered positive views from brokerages, with some upgrading their estimates for the IT player.
5/11
![Kalyan Jewellers (Rs 530.9, 5.9%) Shares of Kalyan Jewellers India skyrocketed over 9 percent, snapping a three-day losing streak after asset manager Motilal Oswal AMC issued a statement to clarify rumors around its investments in the jewellery firm. The fund house dismissed rumors suggesting that its money managers were bribed to invest in Kalyan Jewellers, labeling the allegations as "baseless and malicious.”](https://images.moneycontrol.com/static-mcnews/2024/03/Kalyan-Jewellers-India.jpg "Kalyan Jewellers (Rs 530.9, 5.9%) Shares of Kalyan Jewellers India skyrocketed over 9 percent, snapping a three-day losing streak after asset manager Motilal Oswal AMC issued a statement to clarify rumors around its investments in the jewellery firm. The fund house dismissed rumors suggesting that its money managers were bribed to invest in Kalyan Jewellers, labeling the allegations as "baseless and malicious.”")
Kalyan Jewellers (Rs 530.9, 5.9%)
Shares of Kalyan Jewellers India skyrocketed, snapping a three-day losing streak after asset manager Motilal Oswal AMC issued a statement to clarify rumors around its investments in the jewellery firm. The fund house dismissed rumors suggesting that its money managers were bribed to invest in Kalyan Jewellers, labeling the allegations as "baseless and malicious.”
Shares of Kalyan Jewellers India skyrocketed, snapping a three-day losing streak after asset manager Motilal Oswal AMC issued a statement to clarify rumors around its investments in the jewellery firm. The fund house dismissed rumors suggesting that its money managers were bribed to invest in Kalyan Jewellers, labeling the allegations as "baseless and malicious.”
6/11
Waaree Renewable Technologies (Rs 1066.2, 2.1%)
Shares of Waaree Renewable Technologies jumped after the company received a letter of intent (LOI) from a prominent wind energy company. Over the past three months, shares of Waaree Renewable Technologies tumbled over 36 percent, underperforming the 6 percent decline in the benchmark Nifty 50 index.
Shares of Waaree Renewable Technologies jumped after the company received a letter of intent (LOI) from a prominent wind energy company. Over the past three months, shares of Waaree Renewable Technologies tumbled over 36 percent, underperforming the 6 percent decline in the benchmark Nifty 50 index.
7/11
Rallis India (Rs 269.95, -6.8%)
Shares of Rallis India fell after the company reported a sequential and annual decline in its net profit and revenue for the quarter ended December. The agri-inputs company, a subsidiary of Tata Chemicals, reported a 54.2 percent YoY decline in net profit to Rs 11 crore for Q3FY25.
Shares of Rallis India fell after the company reported a sequential and annual decline in its net profit and revenue for the quarter ended December. The agri-inputs company, a subsidiary of Tata Chemicals, reported a 54.2 percent YoY decline in net profit to Rs 11 crore for Q3FY25.
8/11
Indian Hotels (Rs 793, -2.5%)
Shares of The Indian Hotels Company slipped 3 percent despite posting a net profit of Rs 582.32 crore for the October-December quarter of FY25, reflecting a 29 percent increase. However, experts noted that the firm’s valuations were a little stretched, which led to a correction in the stock despite the positive Q3FY25 earnings show.
Shares of The Indian Hotels Company slipped 3 percent despite posting a net profit of Rs 582.32 crore for the October-December quarter of FY25, reflecting a 29 percent increase. However, experts noted that the firm’s valuations were a little stretched, which led to a correction in the stock despite the positive Q3FY25 earnings show.
9/11
SBI Life (Rs 1499.7, -2.7%)
Despite SBI Life’s net profit for Q3 surging 71 percent to Rs 550.82 crore, investors offloaded their holdings in the stock, causing it to take a tumble on the bourses. This beat most brokerage estimates, which predicted the profit for the quarter would fall in the Rs 400-500 crore range.
Despite SBI Life’s net profit for Q3 surging 71 percent to Rs 550.82 crore, investors offloaded their holdings in the stock, causing it to take a tumble on the bourses. This beat most brokerage estimates, which predicted the profit for the quarter would fall in the Rs 400-500 crore range.
10/11
Adani Green Energy (Rs 1066.75, -1.1%)
Shares of Adani Green Energy slipped after international brokerage Jefferies cut its target price on the firm from Rs 2,000 per share to Rs 1,300 now. The brokerage noted that the capacity added by Adani Green Energy for the nine months of FY25 was lower than its expectations. However, Jefferies kept its bullish ‘buy’ rating unchanged, stating that the firm’s long-term story remains intact.
Shares of Adani Green Energy slipped after international brokerage Jefferies cut its target price on the firm from Rs 2,000 per share to Rs 1,300 now. The brokerage noted that the capacity added by Adani Green Energy for the nine months of FY25 was lower than its expectations. However, Jefferies kept its bullish ‘buy’ rating unchanged, stating that the firm’s long-term story remains intact.
11/11
Supreme Industries (Rs 4021.9, -4.32%)
Shares of Supreme Industries fell over 4 percent after the company reported a year-on-year decline in its net profit, EBITDA, and EBITDA margin. Further, the management also slashed its volume and margin guidance for FY25.
Shares of Supreme Industries fell over 4 percent after the company reported a year-on-year decline in its net profit, EBITDA, and EBITDA margin. Further, the management also slashed its volume and margin guidance for FY25.
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