Gainers and Losers: 10 stocks that moved the most on September 18

The Sensex was down 241.79 points or 0.36 percent at 67,596.84, and the Nifty was down 59 points or 0.29 percent at 20,133.30. About 1,641 shares advanced, 2,005 shares declined, and 167 shares were unchanged.

HAL | CMP Rs 3,986 | Shares traded 1 percent higher after the Defence Acquisition Council (DAC) approved the procurement of 12 Su-30MKI aircraft and avionics upgradation of Dornier aircraft. The procurement of Dhruvastra Short Range air-to-surface missile as a potent indigenous precision guided weapon for indigenously built ALH Mk-IV Helicopters has been cleared by the DAC.

Dhanlaxmi Bank | CMP Rs 30 | Shares soared nearly 5 percent. The surge comes after the stock price tanked nearly 7 percent on the news of an independent director resigning from the post. Sridhar Kalyanasundaram, one of the independent directors of Kerala-based Dhanlaxmi Bank, resigned on September 16, citing multiple issues in the bank’s operations and an internal battle within the Board, according to a communication from the bank to exchanges on September 17.

Bajaj Auto | CMP Rs 5,176 | Shares traded 1 percent higher after Managing Director Rajiv Bajaj said the company plans a major upgrade of its popular Pulsar bike range. Bajaj Auto stock has gained over 7 percent in the last three days. Rajiv Bajaj said that the company has set its sights on enhancing the Pulsar lineup with six upgrades or new Pulsar models. The highlight is the arrival of the “biggest ever Pulsar” this financial year, he said in a conversation with CNBC TV-18.

HFCL | CMP Rs 74 | Shares darted up 2 percent after the company won an order from Madhya Pradesh Jal Nigam. The order value aggregates to Rs 1,015 crore and entails providing EPC Services including provision for laying of optical fiber cables on critical and important routes, for the execution of a multi-village drinking water supply network in the Sheopur district of Madhya Pradesh. The said project will be executed by the company in collaboration with Khilari Infrastructure Private Limited as a consortium partner. The project is to be executed within 24 months from the date of order. The stock erased gains as it was trading 6 percent higher today.

Bharat Electronics | CMP Rs 140 | Shares traded over 3 percent higher after the company bagged orders worth Rs 3,000 crore. Cochin Shipyard Limited has awarded a Rs 2,118.57-crore contract for supply of various equipment consisting of sensors, weapon equipment, fire control systems and communication equipment for six next-generation missile vessels (NGMV), class of anti-surface warfare corvettes for the Indian Navy.

Five Star Business Finance | CMP Rs 700 | Shares jumped nearly 2 percent after SmallCap World Fund raised its stake in the company. Foreign company SCHF PV Mauritius sold 30.19 lakh shares or 1.03 percent stake in the non-banking finance company at an average price of Rs 700.15 per share, amounting to Rs 211.35 crore. It held 1.2 percent shares in the company as of June 2023. However, foreign portfolio investor Smallcap World Fund Inc was the buyer for entire Five-Star shares in this deal, in addition to its current holding of 1.64 percent or 47.78 lakh shares as of June 2023.

Zomato | CMP Rs 102 | Shares traded nearly 1 percent lower. This comes despite investors’ growing confidence in the company, driven by Zomato demonstrating visibility in revenue growth and margin expansion. According to a Jefferies report, most investors complimented CFO Akshant Goyal during the company’s US roadshow, for delivering on promises made a year ago. “Scepticism was high back then, while the exact opposite is true now,” Jefferies said in the note.

Capcite Infraprojects | CMP Rs 219 | Shares soared 2 percent after the infra-company announced a repeat order-win of Rs 280 crore from Raymond for its realty project codename Xception in Thane. “We are delighted that Raymond’s realty division has once again reinforced their trust and confidence in our company. The order inflow for the current financial year, along with our existing orders book gives us confidence to deliver good growth in the coming quarters,” said Rahul Katyal, managing director of the infra-company.

RateGain | CMP Rs 569 | Shares were down 1.5 percent on September 18 after Kotak Institutional Equities downgraded the stock to ‘add’ from ‘buy’ following recent rally in the scrip. Though the brokerage firm has raised its target price on the stock to Rs 610 from Rs 550 earlier. The company’s improved growth and profitability over the past few quarters was driven by broader recovery in travel and wallet share gains, aided by enhanced capabilities and focus on cost optimisation, the brokerage firm highlighted.

Vodafone | CMP Rs 11 | Shares tumbled 7 percent as investors took the recent surge in the counter as an opportunity to book partial profits. The scrip has soared around 50 percent in the past month. The stock had jumped around 7 percent and hit a 52-week high of Rs 12.50 earlier in the session after the company announced making a payment of Rs 1,701 crore to the Department of Telecommunications (DoT).