Gainers and Losers: 10 stocks that moved the most on November 24
IT stocks were among the biggest drags, while buying was seen in pharma and metal names. Government-owned insurance companies had a good day, gaining up to 20 percent
The benchmark indices ended a tad lower on November 24, with the IT pack coming under selling pressure once again even as PSU insurers made some eye-popping gains. The Sensex closed 47.77 points, or 0.07 percent, lower 65,970.04, and the Nifty was down 7.30 points, or 0.04 percent, at 19,794.70. About 1,736 shares advanced, 1,817 declined and 131 shares unchanged.
2/11
Honasa Consumer | CMP Rs 477.1 | Shares of Honasa Consumer, the parent company of Mamaearth, surged 12 percent, rising over 36 percent in two days after Jefferies replaced Marico with the personal care company in its so-called model portfolio.
3/11
Allcargo Gati | CMP Rs 136.5 | Gati surged over 4 percent after the company launched an advanced mega surface trans-shipment centre and distribution warehouse (STCDW) in Bengaluru. The stock pared some of the gains and closed 2.79 up.
4/11
LIC | CMP Rs 677.7 | Shares of LIC jumped 9.71 percent after the largest insurer in the country said it had lined up three to four product launches in the coming months to achieve double-digit growth in new business premium in the current financial year.
General Insurance | CMP Rs 304.45 | General Insurance Corporation of India gained 15.45 percent after AM Best assigned India National Scale Rating (NSR) to the company and upgraded the outlook to positive. The stock also hit a 52-week high.
6/11
Vishnu Chemicals | CMP Rs 315.1 | Shares of Vishnu Chemicals went down 2.46 percent even after the company expanded its global footprint through a subsidiary, Vishnu International Trading FZE, in Dubai, UAE.
7/11
Suzlon Energy | CMP Rs 40.75 | Suzlon Energy surged 3.95 percent, extending its rally to the second day. The stock has gained over 27 percent in the last month.
8/11
Hazoor Multiprojects | CMP Rs 151.7 | Shares of Hazoor Multiprojects were locked in a 10 percent upper circuit after the company’s subsidiary won a road project worth Rs 1,130 crore.
Axis Bank | CMP Rs 1,009 | The Axis Bank stock gained a percent after brokerages retained their bullish stance on the private lender following an analyst meet.
10/11
Paytm | CMP Rs 895 | Shares of Paytm parent One97 Communications plunged 3.08 percent after 1.6 crore shares, or 2.56 percent stake, in the company worth Rs 1,441 crore changed hands at an average price of Rs 884 a share.
11/11
NIACL | CMP Rs 209 | Shares of New India Assurance Company surged 20 percent and were locked in the upper circuit. The analysts' bullish outlook as well as the company's performance in the current fiscal drove the surge in price.
