Gainers & Losers: 10 stocks that moved the most on October 13
The market ended lower on weak global cues and selling in IT and banking names. About 1,642 shares advanced, 1,729 declined and 127 remained unchanged on October 13
The Indian equity benchmarks closed in red on October 13 on weak global cues and continued selling in IT names. The Sensex was down 0.30 percent at 66,209.42 and the Nifty 0.30 percent at 19,734.30. About 1,642 shares advanced, 1,729 declined and 127 remained unchanged.
2/11
SpiceJet Ltd. | CMP Rs. 43.60 | The shares of low-cost carrier SpiceJet surged 20 percent ahead of a hearing in the Delhi High Court in its case against Sun Group chairman Kalanithi Maran. The case pertains to an arbitral award in favour of Maran. The stock also gained following media reports that IndiGO co-founder Rakesh Gangwal was in talks to buy a "sizable" stake in the cash-strapped airline. Moneycontrol couldn't verify the report independently.
3/11
HDFC Asset Management Company Ltd. | CMP Rs. 2855.50 | The HDFC AMC stock surged nearly 4 percent as analysts raised their earnings growth estimates for the company after the release of robust September quarter results. Brokerages are also enthusiastic about HDFC AMC's market share gains in the quarter gone by. The company's active equity market share increased to 12.4 percent, marking a 90 basis points (bps) year-on-year (YoY) increase and a 30 bps quarter-on-quarter (QoQ) rise.
4/11
SJVN Ltd. | CMP Rs 73 | The stock jumped over 3 percent after a subsidiary bagged a renewable power project worth Rs 600 crore in Rajasthan. SJVN subsidiary SJVN Green Energy received a Letter of Award (LOA), at a tariff of Rs 2.62 per unit, for the development of a 100 MW solar power project from Rajasthan Urja Vikas Nigam (RUVNL) in Rajasthan. The solar project will be developed on a build, own, and operate basis.
Eimco Elecon Ltd. | CMP Rs. 1416.30 | The stock rallied 14 percent after the mining-component maker said it had bagged a Rs 39-crore order. The stock also hit an all-time high of Rs 1,325 on the same day. The small-cap stock is on a tear and has surged 40 percent in the past week. The order from JMS Mining would entail the supply of coal-mining equipment by or before January 27, 2026, the company informed the exchanges.
6/11
Zaggle Prepaid Ocean Services Ltd. | CMP Rs. 235.25 | The stock surged 9 percent on October 13 after the company bagged a $20 million (Rs 166 crore) deal from Visa Worldwide to issue various forex co-brand cards. The stock also made a new all-time high, soaring 14.5 percent to Rs 247.7 on the same day. Visa will pay the bonus for supporting the launch of Forex co-brand cards and will also pay incentives on Forex transactions based on spending commitments.
7/11
IRCON International Ltd. | CMP Rs. 149.65 | The stock jumped over 10 percent after the government granted 'Navratna' status to the PSU, allowing it more autonomy. IRCON International Ltd. and RITES Ltd told the exchanges they have been granted the "Navratna" status . "IRCON will be the 15th Navratna amongst the CPSEs. IRCON is a CPSE under Ministry of Railways with an annual turnover of Rs.10,750 crore and net profit of Rs.765 crore (on consolidated basis) and annual turnover of Rs.10,262 crore and net profit of Rs.777 Crore (on standalone basis) for the year 2022-23," an exchange filing said.
8/11
Phoenix Mills Ltd. | CMP Rs. 2014.60 | The stock surged around 4 percent to a record high of Rs 2,060 on the National Stock Exchange on October 13, the fourth straight day of gains amid higher volumes. It was the top gainer on the Nifty realty index. The stock has been in an uptrend after a healthy business update for the July-September quarter, which fuelled expectations of a good set of numbers for the second quarter. Morgan Stanley’s “overweight” rating also came as a boost.
Panacea Biotech Ltd. | CMP Rs. 169.65 | The stock slumped 2 percent the US Food and Drug Administration handed Form 483 with nine observations on its biologics manufacturing plant in Baddi, Himachal Pradesh. The US drug regulator issues observations when it finds objectionable practices in a facility under inspection.
10/11
Maruti Suzuki Ltd. | CMP Rs. 10727.55 | The stock ended nearly 2 percent higher as India’s biggest car maker planning to issue preferential shares to parent Suzuki Motor Corporation (SMC) to acquire a 100 percent stake in Suzuki Motor Gujarat. On October 17, Maruti Suzuki India’s board of directors will consider issuing shares to SMC instead of cash consideration. In turn, Maruti Suzuki will acquire SMC’s entire equity stake in Suzuki Motor Gujarat.
