Finace And Stock

Top Gainers & Losers of the day: Jindal Worldwide zooms 19%; chemical stocks melt

New Delhi: The domestic equity market wiped out the early gains on Wednesday, ending the day lower. Rising crude prices and power crisis added to the pressure. Gas prices surged 40 per cent in the UK, putting pressure on markets.

The 30-share Sensex tanked 555.15 points or 0.93 per cent to close at 59,189. Its broader peer Nifty50 declined 176.30 points or 0.99 per cent to 17,646. BSE midcap and smallcap indices ended the day lower.

led the gainers. Blue chips like IRCTC and Bosch also saw high buying. Smaller chemicals players led the losers, with DCW and TGV Sraac hitting lower circuit limits. Nalco was also among the top losers.



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


TOP GAINERS


Jindal Worldwide: The textile player surged 19 per cent to Rs 113.70 after the company announced the voting results of its annual general meeting, where the company announced a dividend of 15 per cent.

Ingersoll-Rand (India): The industrial machinery zoomed 14 per cent to Rs 1,186.90 on the basis of strong technical outlook. The traded volume of the company soared manifold compared to the two week average.

Bosch: The auto parts manufacturer rallied 12 per cent, hitting an over two-year high of Rs 17,349.90 on expectation of demand improvement going-forward. The technical charts also supported the trade.

Sanghvi Movers: The transport service player has been in buzz of late ever since it announced to incorporate a subsidiary in Vietnam. The scrip advanced 12 per cent to settle at Rs 201.20.

Deepak Nitrite: The commodity chemical company added 8 per cent to Rs 2,885.80 following the buzz over chemical and fertilizer stocks, which are likely to be benefitted from the price of natural gas.

IRCTC: The railway player has been on a roll recently. The scrip gained 7 per cent to Rs 4,463.65, as the company notified about the stock split of the company after the amendments to Memorandum & Articles of Association.


TOP LOSERS


DCW: The smallcap chemical player hit the lower circuit of 10 per cent to Rs 57.25 on the back of profit booking from the investors. The scrip had risen over 75 per cent in the last one month.

TGV Sraac: This is another smallcap chemical maker with tanked 9 per cent on the back of profit taking by the investors. The scrip had soared over 70 per cent in the last one month.

BGR Energy System: The construction and engineering tanked 7 per cent to Rs 67.35 on the back of week technical setup. The traded volumes surged manifold compared to the two week average.

SpiceJet: The airline declined 6 per cent to Rs 70.90 as its chairman Ajay Singh wants to expand the company’s fleet of passenger jets and cargo haulers as the Indian airline’s financial performance recovers after a punishing stretch during the pandemic.

National Aluminium: The metal manufacturer tanked 6 per cent to Rs 96.65 following the weakness in the metal pack and global energy crisis which has affected the silicon and aluminium sector badly.


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