Gainers and Losers: 10 stocks that moved the most on February 2
Among sectors, the oil & gas index closed 4 percent higher. Information technology, metal, realty and power indices up 1-2 percent, The banking index closed 0.5 percent down
The benchmark indices rose over a percent with the Nifty hitting a new high of 22,00o but failed to hold on to the gains and ended off the day 's high on February 2. The Sensex was up 440.33 points, or 0.61 percent, at 72,085.63, and the Nifty was up 156.30 points, or 0.72 percent, at 21,853.80. About 1,955 shares advanced, 1,753 declined and 86 remained unchanged.
2/11
TVS Motors | CMP Rs 2,040.1 | Shares of TVS Motors rose 2.25 percent after the company reported 23 percent on-year increase in vehicle sales at 339,513 vehicles in January. Motorcycle sales grew 29 percent to 155,611 units, while scooter sales were up 24 percent at 132,290 units.
3/11
PB Fintech | CMP Rs 981.65 | The stock fell 1.62 percent after foreign investor Claymore Investments sold its entire 2.44 crore equity shares in the company at Rs 992.8 a share, taking the value of the transaction to over Rs 2,425 crore.
4/11
Abbott India | CMP Rs 28,100 | Shares of Abbott India surged 8.55 percent after the company’s net profits surged 26 percent to Rs 311 crore. Revenue went up nearly 9 percent to Rs 1,437 crore.
NBCC | CMP Rs 169.95 | The NBCC India stock zoomed 20 percent and got locked in the upper circuit a day after the finance minister said in the interim budget that 2 crore houses would to be developed over the next five years under the PM Awas Yojana (PMAY) Grameen.
6/11
Adani Ports | CMP Rs 1,262.5 | Shares of Adani Ports surged 3 percent a day after the company’s Q3 earnings beat estimates. In Q3, Adani Ports' net profit more than doubled on-year to Rs 2,250 crore, driven by robust power sales to customers and higher capacity utilisation.
7/11
Eicher Motors | CMP Rs 3,835 | Eicher Motors fell 2 percent and snapped its four-day gaining streak after investors booked profits. The stock had gained nearly 9 percent in the past four sessions. In January, Eicher Motors reported a 2 percent on-year growth in total vehicle sales at 76,187 units.
8/11
Reliance Industries | CMP Rs 2,913 | Reliance Industries stock gained 2 percent and hit a fresh all- time high. Several analysts have turn bullish on the stock following RIL's optimistic remarks on controlled spending and strong retail performance in Q3 earnings. Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Indian Overseas Bank | CMP Rs 56.15 | Shares of Indian Overseas Bank gained 7.88 percent to hit a new high. The bank’s market capitalisation also crossed Rs 1 lakh crore mark. Analysts suggest that public sector banks are well-equipped to handle the net interest margins, benefiting from excess liquidity and lower credit-deposit and liquidity coverage ratios.
10/11
RITES | CMP Rs 710 | Shares of RITES declined 3 percent intraday after the company’s net profits fell to Rs 129 crore in the December quarter from Rs 148 crore in the year-ago period. Revenue increased to Rs 683 crore from Rs 677 crore. The stock managed to stage a recovery and ended 0.99 percent higher.
11/11
Gokaldas Exports | CMP Rs 937 | Shares of Gokaldas Exports gained 3.06 percent after the company signed a definitive agreement to acquire the apparel business of Matrix Clothing.
