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    Biggest gainers & losers of the day: Jagsonpal Pharma rallies, Ambuja Cements bleeds

    Synopsis

    Among the gainers Jagsonpal Pharma was high in demand, whereas Kamat Hotels found some buyers. Butterfly Gandhimathi hit an upper circuit.

    Biggest gainers & losers of the dayAgencies

    INSIGHTS

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    New Delhi: It was another dull session for the Indian equity markets as benchmark indices settled lower and extended their weakness to straight third session. Indices remained rangebound throughout the day, thanks to high volatility. A few auto and pharma stocks weighed on sentiments.

    The 30-share pack Sensex dropped 59.04 points or 0.10 per cent to 57,832.97. Its broader peer, Nifty50, shed 28.30 points or 0.3 per cent to 17,276.30. Wider markets underperformed as the BSE midcap and smallcap indices declined a per cent each.

    Vinod Nair, Head of Research at Geojit Financial Services said, "Domestic equities struggled for a firm direction in today’s volatile trade as the market opened low taking cues from yesterday’s sell-off in Wall Street following the release of FOMC meeting minutes."

    Among the gainers Jagsonpal Pharma was high in demand, whereas Kamat Hotels found some buyers. Butterfly Gandhimathi hit an upper circuit. Among the losers, Hindustan Media Ventures dropped the most, followed by Ambuja Cements disappointed after poor Q3 earnings.

    Let's have a look at the biggest movers and shakers of Friday's session:

    GAINERS

    Jagsonpal Pharmaceuticals: The drug maker hit an upper circuit of 20 per cent to Rs 212.80 after entering into an agreement with Suvinys Developers for the supply of product dydrogesterone.

    TCPL Packaging: The packaging company zoomed about 19 per cent to Rs 723 on a healthy outlook. The stock of the sustainable packaging solutions producer has surpassed its previous high and scaled a new 52-week.

    Kamat Hotels: The smallcap hotel player was at the focus of the investors as it rallied more than 18 per cent to Rs 62.50 following the rising demand of hotel players as the states are looking to ease the covid related restrictions.

    Gayatri Projects: The smallcap construction player advanced 15 per cent 27.65 on the back of strong technical set up on the daily charts. It traded volume jumped manifold compared to the two week average.

    Everest Industries: The new age building solutions provider continued to see some buying as it more than 11 per cent to Rs 730.55 following the strong demand for construction related counters. It has more than doubled investors' wealth in the last one year.

    Butterfly Gandhimathi Appliances: The kitchenware maker hit an upper circuit of 10 per cent to Rs 1,288.15 following the media reports that a number of buyers including Havells India and Crompton Greaves are interested in its acquisition.

    NxtDigital: The broadcasting and media player advanced 9 per cent to Rs 436 after the company board approved the proposed demerger scheme of arrangement between the company and Hinduja Global Solutions and their respective shareholders.

    LOSERS

    Hindustan Media Ventures: The media player dropped 7 per cent to 69.25 on the back of weak technical set up on the daily charts. It traded volume jumped manifold compared to the two week average.

    NGL Fine Chem: The smallcap pharmaceutical player continued to fall as the scrip shed 2,156 after the company reported a flop show in the December 2021 quarter. It has eroded about 22 per cent of investors' wealth in the last one month.

    Ambuja Cements: The cement maker tumbled about 6 per cent to Rs 338.30 after the company reported a decline of 55.48 per cent in its consolidated net profit to Rs 430.97 crore for the fourth quarter ended December 31, 2021.

    Centum Electronics: The electronics manufacturing player slid another 6 per cent to Rs 452 following a poor performance in the Q3 as its net profit declined 50.35 per cent to Rs 3.55 crore in the quarter. It has declined about 13 per cent in the last 3 sessions.






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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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