Gainers and Losers: 10 stocks that moved the most on September 13

The Sensex was up 245.86 points or 0.37 percent at 67,466.99, and the Nifty was up 76.80 points or 0.38 percent at 20,070. About 2,113 shares advanced, 1,427 shares declined, and 126 shares were unchanged.

NIIT | CMP Rs 140 | Shares were locked in their 20 percent upper circuit limit on September 13, extending their winning run for the third straight session. The shares have been on a strong upswing after the company on September 10 announced that it has allotted 1,01,666 equity shares of Rs 2 each in accordance with its Employee Stock Ownership Plan (ESOP). “We are in the process of completing the other formalities with respect to the listing of the said shares,” it had said.

Indiabulls Housing Finance | CMP Rs 188 | Shares traded 12 percent higher after 22.5 lakh shares of the company changed hands in a transaction worth Rs 40.8 crore. The stock snapped its four-day losing streak. The number of shares exchanged amounts to 0.5 percent of the total equity, CNBC-TV18 reported. The buyers and sellers could not be immediately ascertained.

RITES | CMP Rs 524 | Shares rallied 2.2 percent after the company signed an agreement with Caminho De Ferro De Mocamedes (CFM), Angola, for cooperation in the development of railways and related infrastructure in the African nation, including the supply of rolling stock. As part of the deal, RITES and CFM Angola will collaborate in areas such as supply of rolling stock, railway infrastructure projects, repairing of rolling stock, operations and maintenance of railway infrastructure, IT services, technical maintenance and master planning and more.

Vakrangee | CMP Rs 17 | Shares gained 1.5 percent after news of the company buying a further 8.8 percent stake in Vortex Engineering arrived. This development comes just days after announcing a 48.5 percent stake acquisition. Vakrangee has entered into a binding term sheet with the International Finance Corporation (IFC) for the acquisition of a further 8.8 percent equity stake in Vortex Engineering Private Limited. The company will acquire 66,050 equity shares from IFC for Rs 3.33 crore. The transaction is expected to be completed within 30 days from the term sheet date.

Tata Power | CMP Rs 265 | Shares traded 1 percent higher after its subsidiary signed a memorandum of understanding (MoU) with SIDBI on September 12. Tata Power Solar Systems Limited (TPSSL) has signed an MoU with the Small Industries Development Bank of India (SIDBI) to offer an easy financing option for MSMEs. TPSSL and SIDBI launched ‘The Big Solar Fest’ offering customized & innovative financing solutions with zero processing fees for solar loans, according to a BSE filing on September 12.

Jay Bharat Maruti | CMP Rs 275 | Shares gained 1.4 percent after the company announced that its board will review a proposal to raise funds at the Annual General Meeting scheduled for September 16. The company did not disclose details on how it plans to use the proceeds from the fundraise.

IRCTC | CMP Rs 687 | Shares traded 0.3 percent lower. The drop comes after the company announced a Memorandum of Understanding (MoU) with NBCC’s subsidiary. The company signed an MoU with NBCC Services, a wholly owned subsidiary of NBCC, for the planning, designing, and execution of interior works for its upcoming office space at World Trade Centre, Nauroji Nagar, Delhi at a tentative cost of Rs 31.40 crore.

Coffee Day | CMP Rs 51 | Shares traded 20 percent after the company averted insolvency proceedings and reached a settlement with IndusInd Bank. Coffee Day Global and IndusInd Bank have informed the Chennai bench of the National Company Law Appellate Tribunal (NCLAT) on September 13 that they have withdrawn the insolvency litigations on reaching a settlement. On August 11, the NCLAT had stayed an order allowing Coffee Day Global to be admitted to the insolvency process.

Aarti Drugs | CMP Rs 597 | Shares traded 3 percent higher partly recouping the last two trading sessions’ 6 percent loss, amid soft trading volumes. No key trigger was immediately known for the move in the pharmaceutical stock. As many as 3.3 lakh shares of Aarti Drugs were traded on the exchanges till the afternoon, a little below the 4 lakh average volume of the last 20 trading days.

Coal India | CMP Rs 280 | Shares traded 3.3 percenr higher in today’s session. The surge comes after the company’s plans to make a capital investment of nearly Rs 24,750 crore on 61 First Mile Connectivity (FMC) projects over the next couple of years to boost eco-friendly coal transportation. The projects, which will be set up in three phases, will have a combined capacity of 763.5 million tonnes per annum (MTPA) on completion.