Top gainers and losers today: Stocks that moved the most on January 13

Despite a muted market sentiment, shares of Asia's oldest bourse BSE Ltd, formerly known as Bombay Stock Exchange, gained as international brokerage Goldman Sachs initiated coverage on the stock exchange. Goldman Sachs kicked off coverage with a 'neutral' stance, issuing a target price of Rs 5,060 on BSE shares, which indicates a minor downside of one percent. 

Shares of AB Capital rose after Morgan Stanley upgraded the stock to "overweight" from "equal-weight" and set a target price of Rs 247 per share, suggesting an upside potential of over 40 percent from current levels. Over the past three months, AB Capital’s shares have fallen more than 21 percent, compared to a 7 percent drop in the benchmark Nifty 50 index.

Shares of IndusInd Bank surged after its foreign headroom increased in its December shareholding pattern following a foreign institutional investor (FII) sell-off. According to the bank’s latest shareholding details, its FII stake has decreased to 46.6 percent in December from 55.5 percent in the September quarter. This reduction means that the foreign headroom now significantly exceeds the 25 percent threshold, with MSCI currently applying a half-float factor.

Shares of Biocon soared over 4 percent after the US Food and Drug Administration cleared arm Biocon Biologics' insulin facility in Malaysia, putting an end to a major regulatory bottleneck for the company. The US drug regulator classified the Malaysian unit as a "Voluntary Action Indicated" (VAI), opening the doors for the company to go ahead and file products from that facility.

TCS shares extended gains following its positive Q3 earnings show that boosted market sentiment for the IT services player. The management not only exhibited confidence over early signs of demand revival amid strong deal wins in Q3 but also guided for a stronger performance in CY25 and FY26.

Shares of One97 Communications, the parent company of fintech major Paytm, continued to fall for the fourth consecutive session. The shares fell as low as Rs 796.1 apiece, marking a decline of over 6 percent.

The Nifty Realty index extended its fall, tumbling 4.5 percent intraday, extending its six-session decline to over 12 percent. The index had slumped 7.83 percent in the previous week as lack of big-ticket project launches and weak global cues dampened optimism on the pace of rate cuts by the US Federal Reserve.

Just Dial Ltd sank sharply after reporting a net profit of Rs 131.3 crore in Q3 FY25, marking an increase of 42.7 percent year-over-year. This however marks a fall of nearly 15% from the Rs 154 crore net profit that the company reported in the previous quarter.

Adani Wilmar shares extended their decline, falling up to nine percent in trade on December 13 as promoter Adani Commodities decided to exercise the oversubscription option in its two-day offer-for-sale (OFS).

Shares of PCBL nosedived over 11 percent as investors dumped the stock after the company's dismal Q3 earnings, marked by a decline in net profit. The company's net profit dropped 37 percent on year to Rs 93 crore in the October-December quarter, sharply lower than the Rs 148 crore that it clocked in the same period last year. The decline in the company's bottomline was largely driven by a spike in operating costs.