Gainers and Losers: 10 stocks that moved the most on May 9
All sectors except auto ended in the red. Nifty Auto gained 0.78 percent and was the biggest gainer while Nifty Energy was the biggest loser falling 2.97 percent. India VIX climbed to 18.2, its highest level since October 2022.
Markets had the biggest fall since January 23 as the Nifty was down 345.00 points or 1.55 percent at 21,957.50. Sensex tanked 1,062.22 points or 1.45 percent at 72,404.17. About 891 shares advanced, 2802 shares declined, and 105 shares were unchanged.
2/11
Jupiter Wagons | CMP Rs 425.75 | Shares of Jupiter Wagons rose 4 percent after after its net profit jumped over two-fold year-on-year (YoY) to Rs 104.2 crore in the January-March quarter (Q4FY24) from Rs 40.7 crore a year back. Analysts at Systematix raised target price to Rs 535 per share from Rs 474 following its upbeat Q4 performance, indicating an upside of over 19 percent from current levels.
3/11
Bajaj Consumer | CMP Rs 241.40 | Bajaj Consumer stock fell 7 percent after the company posted a a 12 percent fall in consolidated net profit for the quarter ended March. The small-cap FMCG player's net profit came in at Rs 35.58 crore, compared to Rs 40.46 crore for the same quarter in the year-ago period. The total revenue fell 3.8 percent on-year to Rs 239.96 crore for the quarter, from Rs 249.42 crore in the March quarter of FY23.
4/11
Muthoot Finance | CMP Rs 1,597 | Shares of Muthoot Finance and Manappuram Finance fell a day after the Reserve Bank of India reportedly sent them an advisory letter limiting cash disbursal of loans. The central bank has reportedly asked both NBFCs to strictly adhere to the Income Tax Act (IT) provision on cash disbursement, and said that no NBFC should disburse loan amount in excess of Rs 20,000 in cash.
Tata Power | CMP Rs 416 | Tata power stock fell 4 percent after company’s the thermal generation (including coal) cluster saw a sharp 58 percent year-on-year drop in PAT, primarily on account of losses of Rs 43 crore, said Kotak Institutional Equities. Company’s net profit rose 11.37 percent to Rs 1,045.59 crore in the fourth quarter.
6/11
Hero Motocorp | CMP Rs 4,761 | Shares of Hero Motocorp jumped 3 percent after the world's leading two-wheeler company’s robust Q4 results prompted brokerages to maintain a bullish sentiment due to positive growth prospects.During the quarter, the automobile giant reported an 18.4 percent increase in net profit, reaching Rs 1,016 crore, driven by robust volume growth, a diverse product mix, decreasing commodity expenses, and increased average selling prices (ASPs).
7/11
TVS Motor | CMP Rs 2,061.60 | TVS Motor gained 3 percent a day after the company reported Q4 results that were boosted by robust sales volumes, healthy product mix, better pricing and benign commodity costs.
8/11
Larsen and Toubro | CMP Rs 3,289.95 | Shares of Larsen and Toubro plunged 5 percent after the company gave weak guidance. L&T Chief Financial Officer R Shankar Raman said order inflows in Q1 and Q2 of FY25 will be muted due to the ongoing Lok Sabha elections and new government taking time to award projects after coming to power.
Asian Paints | CMP Rs 2,716 | Asian Paints stock fell 4 percent after the company’s Q4 earnings missed estimates. Company’s net profit increased 1.3 percent YoY to Rs 1,275.3 crore.Its revenue fell by 0.64 percent to Rs 8,730.76 crore.
10/11
Piramal Enterprises | CMP Rs 813.25 | Shares of Piramal Enterprises nosedived 9 percent after the company reported a loss of Rs 2,378 crore in Q3 of FY24 after setting aside Rs 3,540 crore to cover its investment in AIFs.
11/11
Aarti Industries | CMP Rs 665.90 | Aarti Industries stock fell 5 percent with high volumes in the trading session. Twenty four lakh shares changed hands compared to the monthly average of 16 lakh.
