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Gainers & Losers: 10 Stocks That Moved The Most On July 24

Except IT and Energy, all other sectoral indices ended in the red. BSE Smallcap and Midcap indices also ended lower.

Jul 24, 2020 / 04:34 PM IST
After recording losses in the morning, benchmark indices recovered smartly during the day and ended flat on July 24. Buying in Reliance Industries, IT and energy stocks helped the indices change gears. At close, Sensex was down 39.35 points, or 0.10%, at 38,101.12, and Nifty was down 21.30 points, or 0.19%, at 11,194.20. About 1,055 shares advanced, 1,557 shares declined, and 140 shares remained unchanged. Here are 10 stocks that moved the most today:
After recording losses in the morning, benchmark indices recovered smartly during the day and ended flat on July 24. Buying in Reliance Industries, IT and energy stocks helped the indices change gears. At close, Sensex was down 39.35 points, or 0.10%, at 38,101.12, and Nifty was down 21.30 points, or 0.19%, at 11,194.20. About 1,055 shares advanced, 1,557 shares declined, and 140 shares remained unchanged. Here are 10 stocks that moved the most today:
IndusInd Bank | CMP: Rs 521.30 | The stock gained over a percent after the Reserve Bank of India granted approval to an existing investor, Route One, to increase stake in the private sector lender. Route One Investment Company LP, USA (ROIC) is an existing investor, holding approximately 4.96 percent of the issued and subscribed capital of the bank. ROIC has approached the Reserve Bank of India seeking a prior approval to increase their stake in the bank up to 10 percent.
IndusInd Bank | CMP: Rs 521.30 | The stock gained over a percent after the Reserve Bank of India granted approval to an existing investor, Route One, to increase stake in the private sector lender. Route One Investment Company LP, USA (ROIC) is an existing investor, holding approximately 4.96 percent of the issued and subscribed capital of the bank. ROIC has approached the Reserve Bank of India seeking a prior approval to increase their stake in the bank up to 10 percent.
Reliance Industries | CMP: Rs 2148 | The share price jumped over 4 percent with the stock hitting new record high of Rs 2,163 per share. The market-cap of the company stood at Rs 13,60,562.99 as of close on July 24. Brokerages and analysts are bullish on the stock following its debt-free status, a healthy balance sheet and a strong growth outlook. Nomura also has a 'buy' recommendation on the oil-to-retail conglomerate, with a target price to Rs 2,200. Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd. which published Moneycontrol.
Reliance Industries | CMP: Rs 2148 | The share price jumped over 4 percent with the stock hitting new record high of Rs 2,163 per share. The market-cap of the company stood at Rs 13,60,562.99 as of close on July 24. Brokerages and analysts are bullish on the stock following its debt-free status, a healthy balance sheet and a strong growth outlook. Nomura also has a 'buy' recommendation on the oil-to-retail conglomerate, with a target price to Rs 2,200. Disclosure: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd. which published Moneycontrol.
Mphasis | CMP: Rs 1118 | The share price surged 14 percent after the company reported a 3.9 percent increase in consolidated net profit at Rs 275.1 crore in the June 2020 quarter. Its net profit stood at Rs 264.6 crore in the year-ago period, Mphasis said in a regulatory filing. Revenue from operations grew 10.9 percent to Rs 2,288.2 crore in the reported quarter from Rs 2,062.5 crore in the year-ago period, it added. The company said it registered $ 259 million worth of total contract value (TCV) wins in direct international business, including a $105-million deal.
Mphasis | CMP: Rs 1118 | The share price surged 14 percent after the company reported a 3.9 percent increase in consolidated net profit at Rs 275.1 crore in the June 2020 quarter. Its net profit stood at Rs 264.6 crore in the year-ago period, Mphasis said in a regulatory filing. Revenue from operations grew 10.9 percent to Rs 2,288.2 crore in the reported quarter from Rs 2,062.5 crore in the year-ago period, it added. The company said it registered $ 259 million worth of total contract value (TCV) wins in direct international business, including a $105-million deal.
AU Small Finance Bank | CMP: Rs 791.80 | The stock jumped 5 percent after the bank reported a 6 percent rise in its net profit to Rs 201 crore in the April-June quarter of the current fiscal year. The bank posted a net profit of Rs 190 crore in the corresponding quarter a year ago. The bank's profit, excluding profit from sale of equity shares of Avas Financiers Ltd, rose by 48 percent to Rs 177 crore as against Rs 119 crore, it said in a regulatory filing.
AU Small Finance Bank | CMP: Rs 791.80 | The stock jumped 5 percent after the bank reported a 6 percent rise in its net profit to Rs 201 crore in the April-June quarter of the current fiscal year. The bank posted a net profit of Rs 190 crore in the corresponding quarter a year ago. The bank's profit, excluding profit from sale of equity shares of Avas Financiers Ltd, rose by 48 percent to Rs 177 crore as against Rs 119 crore, it said in a regulatory filing.
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Asian Paints | CMP: Rs 1717 | The share price ended in the red after the company reported a massive 67.3 percent year-on-year decline in net profit at Rs 219.6 crore for the quarter ended June 2020 due to lockdown, but overall earnings beat analyst estimates due to business improvement in June. Revenue from operations in Q1FY21 declined 42.7 percent to Rs 2,922.6 crore compared to year-ago period.
PNC INFRATECH
PNC Infratech | CMP: Rs 147.20 | The stock gained 5 percent after the company bagged two projects from the National Highways Authority of India (NHAI). The company received Letters of Acceptance (LOA) for 2 EPC projects from NHAI for an aggregate contract value of Rs 1,547.80 crore. The projects include the construction of eight-lane expressway starting from Bhamaiya village to Baletiya village in Gujarat's Panchmahal district section of the Delhi-Vadodara Greenfield Alignment (NH-148N).
Bank of Maharashtra | CMP: Rs 12.40 | The shares were up over 4 percent after the bank reported a 24.6 percent jump in net profit at Rs 101.02 crore for the first quarter of 2020-21 financial year as bad loans came down. The Pune-headquartered lender posted a net profit of Rs 81.09 crore for the same quarter of 2019-20. Total income of the bank increased to Rs 3,264.81 crore during April-June, 2020-21 from Rs 3,191.88 crore in the year-ago same period, Bank of Maharashtra said in a regulatory filing. The bank's provisions for bad loans or non-performing assets (NPAs) fell to Rs 408.91 crore during the reported quarter from Rs 1,037.44 crore in the year-ago period.
Bank of Maharashtra | CMP: Rs 12.40 | The shares were up over 4 percent after the bank reported a 24.6 percent jump in net profit at Rs 101.02 crore for the first quarter of 2020-21 financial year as bad loans came down. The Pune-headquartered lender posted a net profit of Rs 81.09 crore for the same quarter of 2019-20. Total income of the bank increased to Rs 3,264.81 crore during April-June, 2020-21 from Rs 3,191.88 crore in the year-ago same period, Bank of Maharashtra said in a regulatory filing. The bank's provisions for bad loans or non-performing assets (NPAs) fell to Rs 408.91 crore during the reported quarter from Rs 1,037.44 crore in the year-ago period.
Representational Image (Wikimedia)
Future Retail | CMP: Rs 95.45 | The stock shed 5 percent after Fitch Ratings downgraded Future Retail Limited's Long-Term Issuer Default Rating (IDR) to 'C' from 'CCC+', and the rating on its USD 500 million 5.6 percent senior secured notes due in 2025 to 'C' from 'CCC+', with the Recovery Rating remaining at 'RR4'. The downgrade follows FRL's announcement that it was unable to pay of the semi-annual interest payment of USD14 million on its US dollar bonds on July 22, 2020.
(Image: Reuters)
Biocon | The share was down over 3 percent after the company posted 28 percent fall in its June quarter (Q1FY21) net profit at Rs 149 crore due to higher R&D spend, lower profit share in the Biosimilars business, and lower profitability in the research services segment. It had posted a profit of Rs 206 crore in a year ago period. Revenue from operations of the company rose 15 percent at Rs 1,671 crore versus Rs 1,459 crore.
JSW Steel | The stock was down over 2 percent. The company reported revenue which went down 40.5 percent at Rs 11,782 crore against Rs 19,812 crore YoY. EBITDA was down 63.9 percent at Rs 1,341 crore against Rs 3,716 crore YoY. EBITDA margin stood at 11.4 percent against 18.7 percent YoY.
JSW Steel | The stock was down over 2 percent. The company reported revenue which went down 40.5 percent at Rs 11,782 crore against Rs 19,812 crore YoY. EBITDA was down 63.9 percent at Rs 1,341 crore against Rs 3,716 crore YoY. EBITDA margin stood at 11.4 percent against 18.7 percent YoY.
Sandip Das
first published: Jul 24, 2020 04:34 pm

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