NSE Winners and Losers: Biggest Winners and Losers of the Day: Auto Player Asked; Surya Roshni is losing its luster
The 30-share package Sensex rose 929.40 points, or 1.60 percent, to close at 59,183.22. Its broader competitor, the Nifty50, rose 271.65 points, or 1.57 percent, to 17,625.70. The broader markets fared worse than the headlines, but both BSE Midcap and BSE Smallcap gained 1 percent each.
Santosh Meena, Head of Research at Swastika Investmart, said: “The Indian stock market is dampening the sharp rise in Covid cases and starts 2022 on a happy note, where the laggard Bank Nifty posted the highest gain today stock market where the sectors are with high beta outperformed defensive stocks. ”
Auto parts makers were in strong demand as automakers reported strong sales in December. Apollo Group stocks were hit hard on subdued numbers, while stocks also lost momentum.
Let’s take a look at the biggest movers and shakers of Monday’s session:
Car Gear Players: Smaller auto parts maker stocks were in high demand as major auto companies reported strong sales in December. Ucal Fuel Systems hit the top cycle of 20 percent at Rs 172.65 while Minda Corp increased 19 percent to Rs 200.20.
Black box: The smallcap IT player hit the upper rate of 20 percent to 983.45 rupees ahead of its results for the quarter ended December 31, 2021. The company will publish its results for Q3GY21 shortly.
Vindhya Telelinks: The telecommunications cable manufacturer rose 16 percent to 1,304 rupees on positive reports about the company. The company is poised for a strong third quarter performance, some analysts suggested.
Swelect energy systems: This solar power company is in high demand, the stock is up 40 percent in the past week. The scrip was Rs 330, up 16 percent on Monday.
Rajesh exports: The gold retailer rose 16 percent to Rs 852.05 on the back of a strong technical position on the daily chart. The volume traded at the counter jumped many times over compared to the two-week average.
Greaves cotton: The industrial machinery maker rose 13 percent to 155.70 rupees after the company’s e-mobility arm, Greaves Electric Mobility, sold over 10,000 units in December 2021.
Surya Roshni: The small-cap electrician lost over 11 percent after his executive director and CEO of the lighting subsidiary resigned. The trading volume of the counter rose sharply.
Vishwaraj sugar industry: The microcap sugar supplier lost 11 percent to 25.10 rupees despite successfully developing a technology to preserve sugar cane syrup to increase ethanol production.
Apollo Tricoat tubes: In anticipation of a disappointing performance in December 2021 and a weak technical line-up on the daily charts, the steel products trader fell 8 percent to Rs 813.05.
Dhanuka Agritech: The agrochemical player lost another 6 percent to Rs 782.55 when the stock exchanges asked the company for clarification on the sudden spike in the volume and price of the company’s stock.
APL Apollo tubes: The mild steel pipe maker slid 5 percent to Rs 949.20 when it announced that sales volume declined from 402,729 tonnes in Q3FY22 on a QoQ basis due to destocking in the canals in anticipation of a steel price correction and prolonged monsoons.