Gainers & Losers: Hindalco, Godrej Prop among 8 stocks in limelight on Monday

The stock was the top gainer on Nifty 50, rising nearly 5% and testing a 6-month high of Rs 483.85, as global aluminium prices rose after Covid curbs eased in more cities of China.

The stock surged over 5% and hit a 33-month high of Rs 243.35 after reporting a strong 75% on-year growth in disbursements in November.

The stock hit an over 2-month high of Rs 247 on bagging a project worth Rs 700 crore from Gujarat Metro Rail Corporation.

The stock surged 5% and scaled lifetime high of Rs 42.35 as its green energy arm bagged a 200 MW solar project worth Rs 1,200 crore from Maharashtra State Electricity Distribution Company.

The stock rose about 2% and hit a 1-month high of Rs 1,361.85 on news that the company is aggressively acquiring land parcels to develop projects, and has added 8 new projects so far in FY23, which has a revenue potential of Rs 16,500 crore.

The stock fell in trade on Monday, snapping its 9-day winning streak after American investment bank JPMorgan Chase downgraded the stock to “neutral”, citing lack of positive near-term triggers.

The stock fell nearly 5% as data for November showed a slowdown in net client acquisitions both year on year and month on month.

The stock fell over 3% on profit booking after testing a 4-year high in the previous session.

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