Gainers and Losers: 10 stocks that moved the most on October 19

The equity benchmarks closed in the red on October 19 amid weak global cues as the Israel-Hamas conflict continued to worsen and weak showing by IT companies weighed on sentiment. The Sensex closed 247.78 points or 0.38 percent lower at 65,629.24, and the Nifty was down 58.90 points or 0.30 percent at 19,612.20. About 1,810 shares advanced, 1,759 declined and 129 were unchanged.

Satin Creditcare | CMP Rs 239 | Shares of Satin Creditcare Network surged 3.71 percent after the company’s board approved a fund-raise through the Qualified Institutional Placement (QIP) route.

Nestle India | CMP Rs 24,058.90 | Nestle India’s shares surged over 3 percent after the company reported a 36 percent surge in consolidated net profit at Rs 908 crore for the September quarter of FY24. The board also approved the company’s first-ever stock split.

Shoppers Stop | CMP Rs 679.85 | The stock narrowed losses to close more than 1 percent after the department store chain reported an 83.3 percent decline in net profit at Rs 2.70 crore for the September quarter of the current financial year.

LTIMindtree | CMP Rs 5,460 | LTIMindtree closed almost 6 percent higher after the IT services player posted in-line revenue growth in the September quarter on strong deal wins despite a challenging demand environment and higher-than-expected margins.

Astral | CMP Rs 1,843.3 | The stock plunged over 6 percent after reporting lower-than-expected numbers for the September quarter. Though the company’s net profit jumped 90 percent and revenue rose by 16 percent, it missed street expectations.

Titagarh Rail Systems | CMP Rs 798 | Shares of Titagarh Rail Systems fell almost 3 percent despite the rail equipment manufacturer reporting a 46.5 percent year-on-year (YoY) increase in net profit at Rs 70.6 crore in the September quarter.

Shakti Pumps | CMP Rs 1,108.35 | Shares of Shakti Pumps surged 20 percent to hit the upper circuit after receiving a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The stock also hit its 52-week high.

Persistent Systems | CMP Rs 5,852.25 | The stock rose nearly 3 percent a day after the information technology company’s net profit jumped close to 20 percent on a yearly basis and 15 percent sequentially in Q2, marked by record-high deal wins.

IndusInd Bank | CMP Rs 1,450.30 | The IndusInd Bank share gained 2 percent after the private sector lender reported a mixed set of numbers which were in line with the street estimates for the July-September quarter. Analysts flagged elevated slippages and slower overall deposit growth.

Bajaj Auto | CMP Rs 5,483.9 | Bajaj Auto stock jumped more than 6 percent after the automobile major beat analyst estimates with a 20 percent increase in net profit for the second quarter. Brokerage firms, however, were unimpressed as several concerns still linger for the automobile major such as muted exports and competition in the electric vehicles space.