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Gainers & Losers: 10 stocks that moved the most on July 29

Mixed trend seen on the sectoral front with auto, energy, infra and IT indices ended lower, while buying witnessed in the pharma, metal and FMCG sectors.
Jul 29, 2020 / 04:41 PM IST
Benchmark indices ended lower on July 29 dragged by Reliance Industries, IT and auto stocks, but Nifty managed to close above 11,200. At close, Sensex was down 421.82 points, or 1.10%, at 38,071.13, and Nifty was down 97.60 points, or 0.86%, at 11,202.90. About 1,359 shares advanced, 1,300 shares declined, and 129 shares were unchanged. Here are 10 stocks that moved the most on July 29:
Benchmark indices ended lower on July 29 dragged by Reliance Industries, IT and auto stocks, but Nifty managed to close above 11,200. At close, Sensex was down 421.82 points, or 1.10%, at 38,071.13, and Nifty was down 97.60 points, or 0.86%, at 11,202.90. About 1,359 shares advanced, 1,300 shares declined, and 129 shares were unchanged. Here are 10 stocks that moved the most on July 29:
Dr. Reddy's Laboratories | CMP: Rs 4,305.70 | The stock jumped over 6 percent after the company reported a 12.6 percent year-on-year (YoY) drop in consolidated net profit to Rs 579 crore for the quarter ended June 2020. The profit in the corresponding quarter of the last fiscal stood at Rs 662.8 crore, which was boosted by a settlement claim of Rs 345.7 crore received from Celgene in April 2019 with respect to the cancer drug. Revenue from operations during Q1FY21 stood at Rs 4,418 crore, up 15 percent YoY.
Dr. Reddy's Laboratories | CMP: Rs 4,305.70 | The stock jumped over 6 percent after the company reported a 12.6 percent year-on-year (YoY) drop in consolidated net profit to Rs 579 crore for the quarter ended June 2020. The profit in the corresponding quarter of the last fiscal stood at Rs 662.8 crore, which was boosted by a settlement claim of Rs 345.7 crore received from Celgene in April 2019 with respect to the cancer drug. Revenue from operations during Q1FY21 stood at Rs 4,418 crore, up 15 percent YoY.
Maruti Suzuki India | CMP: Rs 6,192 | The company posted a net loss of Rs 249.4 crore for the quarter ended June 2020 due to operating loss and lower revenue following steep decline in sales volumes during lockdown. But it was better than the average of estimates of analysts polled by CNBC-TV18 pegged at Rs 445 crore loss due to tax write-back, lower operating expenses and higher other income. Profit in the June quarter 2019 stood at Rs 1,435.5 crore and was Rs 1,291.7 crore in March quarter 2020. Revenue from operations declined sharply by 79.2 percent to Rs 4,106.5 crore compared to year-ago period.
Maruti Suzuki India | CMP: Rs 6,192 | The company posted a net loss of Rs 249.4 crore for the quarter ended June 2020 due to operating loss and lower revenue following steep decline in sales volumes during lockdown. But it was better than the average of estimates of analysts polled by CNBC-TV18 pegged at Rs 445 crore loss due to tax write-back, lower operating expenses and higher other income. Profit in the June quarter 2019 stood at Rs 1,435.5 crore and was Rs 1,291.7 crore in March quarter 2020. Revenue from operations declined sharply by 79.2 percent to Rs 4,106.5 crore compared to year-ago period.
IDBI Bank | CMP: Rs 40 | The stock price jumped 5 percent after the bank reported a standalone net profit of Rs 144.43 crore for the June quarter of 2020-21 financial year. The private sector bank posted a net loss of Rs 3,800.84 crore for April-June 2019-20 period. In the preceding March quarter, the bank logged a profit of Rs 135.39 crore. Total income fell slightly to Rs 5,901.02 crore in April-June 2020-21 period from Rs 5,923.93 crore in the same quarter of the last fiscal, IDBI Bank said in a regulatory filing.
IDBI Bank | CMP: Rs 40 | The stock price jumped 5 percent after the bank reported a standalone net profit of Rs 144.43 crore for the June quarter of 2020-21 financial year. The private sector bank posted a net loss of Rs 3,800.84 crore for April-June 2019-20 period. In the preceding March quarter, the bank logged a profit of Rs 135.39 crore. Total income fell slightly to Rs 5,901.02 crore in April-June 2020-21 period from Rs 5,923.93 crore in the same quarter of the last fiscal, IDBI Bank said in a regulatory filing.
Jet Airways
Jet Airways | CMP: Rs 28.95 | The shares shed 5 percent after the company posted a weak set of numbers for the financial year 2019. The company's net loss ballooned to Rs 5,538 crore for the year ending March 31, 2019, as compared to a loss of Rs 767 crore a year earlier hurt by a substantial increase in fuel costs and other expenses. Its standalone revenue was marginally down by 2.6 percent to Rs 23,314 crore from Rs 23,958 crore, a year earlier.
Sasken Technologies | The stock surged 14 percent after the company posted 200 percent QoQ jump in its Q1 net profit to Rs 28.3 crore against Rs 9.4 crore. Revenue was up at Rs 113.1 crore against Rs 112.9 crore, reported CNBC-TV18.
Sasken Technologies | The stock surged 14 percent after the company posted 200 percent QoQ jump in its Q1 net profit to Rs 28.3 crore against Rs 9.4 crore. Revenue was up at Rs 113.1 crore against Rs 112.9 crore, reported CNBC-TV18.
IRB Infrastructure Developers | CMP: Rs 126.50 | The share price gained over 3 percent after the company emerged as a preferred bidder for construction of eight lane access controlled expressway of Vadodara Mumbai Expressway (Gandeva to Ena Section) in the State of Gujarat on Hybrid Annuity Mode under Bharatmala Pariyojana (Phase I-Package VII).
IRB Infrastructure Developers | CMP: Rs 126.50 | The share price gained over 3 percent after the company emerged as a preferred bidder for construction of eight lane access controlled expressway of Vadodara Mumbai Expressway (Gandeva to Ena Section) in the State of Gujarat on Hybrid Annuity Mode under Bharatmala Pariyojana (Phase I-Package VII).
Colgate-Palmolive
Colgate Palmolive | CMP: Rs 1448 | The stock price gained 4 percent after net profit of the company was up 17.2 percent at Rs 198.2 crore against Rs 169.1 crore YoY. Revenue went down 4.1 percent at Rs 1,040.6 crore against Rs 1,084.9 crore YoY. EBITDA was up 2.7 percent at Rs 308 crore against Rs 299.8 crore YoY. EBITDA margin stood at 29.6 percent against 27.6 percent YoY.
Tata Coffee | CMP: Rs 93.50 | The share price jumped over 12 percent after the company declared its June quarter numbers. Consolidated total income of the company for the quarter was higher at Rs 592 crore compared to Rs 472 crore for the corresponding quarter of the previous year, an increase of 26 percent driven by improved performance from the value-added businesses, the company said in an exchange filing.
Tata Coffee | CMP: Rs 93.50 | The share price jumped over 12 percent after the company declared its June quarter numbers. Consolidated total income of the company for the quarter was higher at Rs 592 crore compared to Rs 472 crore for the corresponding quarter of the previous year, an increase of 26 percent driven by improved performance from the value-added businesses, the company said in an exchange filing.
Nestle
Nestle India | CMP: Rs 16,669.95 | The stock shed over 2 percent after the company earnings missed analyst expectations as profit grew by 11.1 percent year-on-year to Rs 486.6 crore. COVID-19-induced lockdown disrupted its value chain and fall in other income (down 48 percent), but was supported by lower tax cost. Revenue from operations during the quarter increased 1.7 percent to Rs 3,050.48 crore compared to same period last year.
Media Industry
HT Media | CMP: Rs 12.40 | The share price was up 3 percent after the company said it will acquire Mosaic Media Ventures which runs news platforms VCCircle and TechCircle. "The board of directors... accorded approval to invest up to Rs 6 crore post working capital adjustment, and revenue linked milestones payment up to ₹1 crore on deferred basis, to acquire 100 per cent of paid up share capital of Mosaic held by NWS Digital Asia PTE Ltd and News Corporation (sellers), subject to finalisation of definitive agreements," HT Media said in a filing to the exchanges.
Sandip Das
first published: Jul 29, 2020 04:41 pm

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