Top gainers and losers today: Stocks that moved the most on January 10

Specialty chemical stocks | Shares of specialty chemical players--SRF and Navin Fluorine slipped as much as 4 percent as investors rushed to cash in profits off the counters after the recent surge in the stocks. While SRF zoomed nearly 14 percent, Navin Fluorine soared around 10 percent in the previous session. The surge in the two stocks were fueled by reports of an increase in prices of refrigerant gases by US gas distributors.

IT stocks | Information technology stocks bucked the sluggish market trend and ended higher as industry leader Tata Consultancy Services' upbeat demand outlook lifted spirits for its industry peers as well. While TCS led gains within the pack with its 6 percent surge, other names like Infosys, HCLTech, Wipro, and Tech Mahindra rose 1-4 percent.

IRCTC | CMP Rs 779.50 | Shares gained above 2 percent, snapping their two-day losing streak on the bourses, after international brokerage Macquarie initiated coverage with an 'outperform' rating and assigned a target price of Rs 900. Macquarie said that IRCTC's unparalleled monopoly in Indian Railways’ e-ticketing and catering services remains its standout strength, positioning it as a leader of the country’s railway modernisation journey.

Delta Corp | CMP Rs 118.25 | Shares gained 4.37 percent as Supreme Court on January 10 stayed GST show cause notices to the tune of Rs 1.12 lakh crore to online gaming companies. Supreme Court stayed all further proceedings with respect to all show cause notices until the final disposal of the case. The Supreme Court's decision will come as a relief to gaming companies and could potentially stabilise their financial outlook.

Adani Wilmar | CMP: Rs 291.10 | Shares slipped to their 10 percent lower circuit as promoter Adani Commodities launched a two-day offer-for-sale (OFS) for non-retail investors. The sale for retail investors is set to begin on January 13. Adani Commodities plans to sell 17 crore shares in Adani Wilmar, which accounts for 13.5 percent of the company’s total issued and paid-up equity share capital.

GTPL Hathaway | CMP Rs 129.52 | Shares tanked 11.60 percent January 10 after the digital cable TV and broadband services provider reported a sharp decline in net profit for the third quarter, leaving investors unimpressed. According to a regulatory filing, the company reported a 57.2 percent year-on-year drop in net profit for the third quarter ending December 31, 2024. The company posted a net profit of Rs 10.1 crore, down from Rs 23.6 crore in the same period last year.

IREDA | CMP: Rs 203.50 | Shares declined 5.83 percent amid a decline in the asset quality sequentially in the fiscal third quarter. The Gross Non-Performing Assets ratio was seen at 2.68 percent in the quarter under review against 2.19 percent in the September quarter. The December quarter NNPA ratio was seen at 1.50 percent against 1.04 percent, sequentially. The company reported that its revenue from operations grew 35.57 percent to Rs 1,698.99 crore in the latest December quarter compared to Rs 1,253.20 crore in the year-ago period.

IndusInd Bank | CMP: Rs 938.80 | Shares dropped 4.29 percent after Goldman Sachs downgraded the stock to 'neutral' from its earlier 'buy' call. The international brokerage reduced its target price for the shares of the private lender to Rs 1,090 from Rs 1,318. This, however, suggests a potential upside of 11% from the stock's previous closing level. Goldman cited rising defaults in IndusInd Bank's commercial retail portfolio, slower revenue growth and growing earnings pressure as reasons for the revised outlook on the stock.

Senco Gold | CMP: Rs 1075.10 | Investors took profits in Senco Gold shares, causing a 4.65 percent drop despite the company posting a strong pre-quarterly update for December. The company reported a 22 percent year-on-year (YoY) revenue growth and a 19 percent YoY increase in revenue for the first nine months of the current fiscal year. Retail growth remained steady at 19 percent YoY in Q3, with growth in Tier 3 and Tier 4 towns surpassing that of metro and Tier 2 cities.

Tata Elxsi | CMP: Rs 6004 | Shares tumbled 6.77 percent after the company reported disappointing results for the October-December quarter (Q3FY25), missing Street estimates.Tata Elxsi's net profit for Q3FY25 declined 3.5 percent year-on-year (YoY), dropping to Rs 199 crore from Rs 206 crore in the same period last year. Revenue from core operations increased by 3 percent YoY to Rs 939 crore. However, the company’s total expenses rose 7 percent YoY to Rs 723 crore, driven by higher employee benefit costs and increased material expenses.