Finace And Stock

Biggest gainers & losers of the day: Kanchi Karpooram soars 20%, Aptus shed 5%

New Delhi: Domestic equity markets settled the volatile session with cuts as traders remained cautious on a number of weak signals from the global markets. Selling in IT, metals, media and private lenders weighed on the sentiments.

The 30-share pack Sensex shed 286.91 points or 0.48 per cent to close at 59,126.36. Its broader peer Nifty50 gave up 93.15 points or 0.53 per cent to close at 17,618.15. Broader markets outperformed as BSE midcap and smallcap settled in green.

Kanchi Karpooram hit upper circuit, whereas results bound smaller players were much in action. JMC Projects was in buzz after the order win and Indian Overseas Bank’s PCA exit drew investor’s attention.



Let’s have a look at the biggest movers and shakers of Thursday’s session:


GAINERS FOR THE DAY



Kanchi Karpooram:
The commodity chemical player hit the upper circuit of 20 per cent to Rs 963.75 on the back of a strong technical set up. The traded volume of the company’s stock strongly rose as compared to the two-week average.


Welspun Corp:
The construction and engineering player zoomed 13 per cent to 144.40 as the counter continued its upward momentum for the third straight session. It is boasting a strong technical set up.


JMC Projects:
The construction player soared 12 per cent to Rs 112 on Thursday as the company secured new orders worth Rs 1,849 crore from B&F Projects and Social Housing Projects.


Triveni Turbine:
The steam turbines manufacturer advanced 11 per cent to Rs 160.25 on Thursday ahead of its quarterly results ending on September 30, 2021. The company will announce its results soon.


Indian Overseas Bank:
The private lender jumped 11 per cent to Rs 22.80 after the RBI removed the bank from the Prompt Corrective Action (PCA) framework, following improvement in various parameters and a written commitment.


Patel Engineering:
The smallcap player added 11 per cent to Rs 20.80 on Thursday ahead of its quarterly results for the quarter ended on September 30, 2021. The company will announce its results soon.


LOSERS FOR THE DAY

Max Ventures and Industries: The holding company tanked 5 per cent to Rs 116.60 on Thursday as its subsidiaries sold stake in the group companies. Kayak Investments Holdings sold 8.44 crore shares of Max Healthcare Institute.

Aptus Value Housing: The recently listed housing finance player shed 5 per cent to Rs 315.95 on Thursday ahead of its investor/analyst meet with Edelweiss Research scheduled later in the evening.


Zuari Agro Chemicals:
The fertilizer player is expected to announce the results for the quarter ended on September 30, 2021. The scrip hit lower circuit of 5 per cent to Rs 129.95 on Thursday.


Future Group stocks:
The shares of Kishor Biyani’s cash-strapped Future Group are facing a tough time. On Thursday, Future Supply Chain and Future Retail fell 5 per cent each to Rs 75.25 and Rs 51.85 respectively.


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