Gainers and Losers: 10 Nifty stocks that moved the most on September 27

In the afternoon trade, the Sensex was up 173.22 points or 0.25 percent at 66,118.69, and the Nifty was up 51.80 points or 0.25 percent at 19,716.50.

L&T: Open interest in the counter surged 23.5 percent, the highest in a month. Buying momentum in this scrip was also strong as the relative strength index was overbought. As many as 22 lakh shares changed hands in today’s session against the one-week average of 16 lakh shares. The stock closed Rs 2,971, up 2 percent from the previous close. 

Coal India: The stock touched the 52-week high on September 27. The surge came after coal secretary Amrit Lal Meena said the company was producing coal as per plans. He also denied rumours hinting at a potential OFS for the public sector undertaking. In the afternoon trade, the scrip was trading at Rs 290, up 1.5 percent from the previous close.

Sun Pharma: One of the top gainers on the Nifty, the pharma major’s Canadian arm launched Winlevi used for the topical treatment of acne. The stock ended at Rs 292 up 2 per cent higher from the previous close.

Adani Enterprises: Shares of the flagship Adani firm traded in the green, as it is among the companies likely to receive solid passive inflows as a result of the upcoming changes in NSE indices, including Nifty Bank, Nifty, Nifty Next 50, and CPSE. At the close, the stock was at Rs 2,484 up 1 percent from the previous close on the NSE.

LTI Mindtree: Investors cheered Morgan Staley’s overweight rating. Analysts have also raised the target price to Rs 6,150, implying an upside of 15 percent from the closing price of September 26. The stock closed at Rs 5,434, ending 1.5 percent higher from the previous close. 

Grasim Industries: The stock was trading in the red after the flagship company of Aditya Birla Group announced that the Department of Industrial Safety & Health ordered a temporary closure of the Carbon Di Sulphide (CS2) refining section of its Century Rayon plant, Shahad. The stock ended the session 1.3 percent lower at Rs 1,932.

BPCL: The stock dragged after the management raised concerns that crude oil prices could rise further amid global tensions. Shares closed at Rs 349, down 1 percent from the previous close. 

Nestle India: The share declined after UBS downgraded the stock to “neutral” from “buy”. According to the brokerage, Nestle India’s valuation is high, which may limit potential price growth. In a recent interaction with CNBC-TV18, Nestle India chairman and MD Suresh Narayanan said he “feels that Nestle India will do better than last year.” He added that he hoped they would hit double digits, despite possible challenges from food inflation. The stock closed at Rs 22,850, down 0.7 percent from the previous close. 

Tata Consumer Products: Investors seemed unimpressed with the company’s foray into the energy drink business. Say Never Energy Drink is a caffeine-based beverage thet will be launched in two variants red (berries) and blue (tropical flavours). Shares slide a marginal 0.5 percent at the close to Rs 890.

Titan: Shares slumped nearly 1.5 percent to Rs 3,217 on September 27. As many as 13 lakh shares changed hands against the one-month average of 10 lakh shares.