Gainers and losers: 10 stocks that moved the most on October 5

The market snapped a two-day losing streak to end higher as crude prices and US yields cooled . T The Sensex closed 405.53 points or 0.62 percent higher at 65,631.57, and the Nifty was up 109.70 points or 0.56 percent at 19,545.80. About 2,178 shares advanced, 1,361 declined and 121 remained unchanged.

TCS | CMP Rs 3,589 | The share gained 1.5 percent after the IT services firm was selected by the Georgia Department of Labor to replace its 1980s-era legacy platform with a cloud-based unemployment insurance system. The company said that the human-centric design of the new web-based platform will make it easier for Georgians to apply for unemployment insurance benefits, securely upload documents, check the status of their claims, and receive important updates.

L&T | CMP Rs 3,096 | The stock was up over 2 percent after its buildings and factories business bagged orders of Rs 2,500-5,000 crore. The Buildings and Factories business of Larsen & Toubro has secured multiple charges in the large category under its various business units.

Marico | CMP Rs 542 | The stock tanked 5 percent after the FMCG player reported that its consolidated revenue for the September quarter was marginally lower from the year-ago period, dragged by pricing corrections in key domestic portfolios over the last 12 months. Consumption trends, particularly in rural areas, are expected to improve in H2 owing to retail inflation levels staying within RBI’s target range, hike in MSPs, healthy sowing season, easing liquidity pressures, and government spending, said Marico in a filing with the exchanges.

RBL Bank | CMP Rs 242 | The stock closed 3 percent down after the bank reported a 13 percent growth in deposits to Rs 89,774 crore on a year-on-year (YoY) basis. The private sector lender reported total deposits at Rs 89,774 crore for the quarter ended September FY24 YoY and 5 percent QoQ, while gross advances grew by 21 percent YoY & 5 percent QoQ to Rs 78,186 crore, respectively according to a filing with BSE dated October 4.

HAL | CMP Rs 1,943 | The defence PSU stock was up 1.5 percent after the Indian Air Force (IAF) said that it would procure 97 more LCAs on delivering the first LCA Tejas twin-seater aircraft. HAL management said that the company is committed to delivering all the twin-seater aircraft pertaining to IOC and FOC contracts to IAF in the current financial year.

L&T Finance Holdings | CMP Rs 131 | The share was 2 percent after the company reported Rs 13,490 crore in retail disbursements. The company said that the retailisation of the portfolio is estimated at 88 percent at the end of Q2FY24, against 58 percent for the same period last year.

PNB | CMP Rs 77| The state-owned lender was down over 3 percent as investors weren’t impressed with an 11.3 percent increase in the total business for Q2. Total deposits grew 9.7 percent YoY to Rs 13.08 lakh crore, of which domestic deposits were Rs 12.76 lakh crore, rising 9.3 percent year-on-year, the bank said in a business update. Deposits grew 9.7 percent to Rs 13.08 lakh crore, of which domestic accounted for Rs 12.7 lakh crore deposits, a 0.3 percent increase over the year-ago period.

Navin Fluorine | CMP Rs 3,695 |The stock extended losses as it closed over 3 percent down on October 5 after the chemical company’s managing director Radhesh R Welling announced his departure, the second high-level exit in as many months. Ravi Venkataramanan stepped down as the CEO two months ago. Some analysts said the series of exits could hamper expansion plans.

Sobha | CMP Rs 707 | The real estate stock soared 6.5 percent after the company recorded highest-ever quarterly sales in the July-September period. Sobha also hit the milestone of quarterly sales of over 1,000 homes while its GIFT City projects recorded their best quarter.

HPCL | CMP Rs 253| The share gained over 1.5 percent after a sharp decline in crude oil prices provided relief to the oil-marketing company.