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

The market snapped a six-day losing streak to end a percent higher on October 27, with all sectoral indices closing in the green. The Sensex was up 634.65 points or 1.01 percent at 63,782.80, and the Nifty closed 190 points or 1.01 percent higher at 19,047.30. About 2,713 shares advanced, 833 declined and 123 remained unchanged.

PNB | CMP Rs 73 | The state-owned bank stock rose nearly 5 percent after the lender delivered a strong set of numbers for the July-September quarter. As slippages declined, brokerages largely shared a bullish stance on the counter as asset quality continued to improve.

Shriram Finance | CMP Rs 1,935 | The stock darted up over 7 percent a day after the company reported in-line earnings for the September quarter. Net profit was up 13 percent on-year and total income rose 15.4 percent (YoY). The company’s net interest income (NII) surprised positively. Analysts expect stable loan growth and asset quality and a fall in credit costs.

Suzlon Energy | CMP Rs 32| The stock price rose over 2 percent after the company bagged an order for the development of a 50.4 mw wind power project. The wind power project of the 3 MW product series for the development of 50.4 MW for Juniper Green Energy Private Limited. Suzlon will install 16 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower of their new product with a rated capacity of 3.15 MW each.

Aditya Birla Sun Life AMC | CMP Rs 440 | The stock declined close to a percent a day after the company reported a 7 percent year-on-year decline in net profit at Rs 178 crore for the September quarter. The AMC reported revenue growth of eight percent at Rs 335 crore. Operating profit grew 5 percent year-on-year to Rs. 181.1 crore, the company said in a regulatory filing on October 26.

Lemon Tree | CMP Rs 112 | Shares of the hospitality major climbed 5 percent on October 27 after the company signed a licence agreement for a property in Visakhapatnam, Andhra Pradesh. Red Fox Hotel will have 50 rooms, a restaurant, a fitness centre, a conference room and other public areas.

Novartis India | CMP Rs 684| The pharma stock ended 6 percent higher, shedding losses in the early trade. The company said it is facing a shortage of its immunosuppressant drug ‘Simulect 20 mg’ in India. Simulect is an intravenous prescription drug, specifically a Basiliximab injection, used by kidney transplant patients.

Canara Bank | CMP Rs 380 | The bank stock jumped 6 percent after the lender announced a 42.8 percent surge in its net profit at Rs 3,606 crore in the second quarter of FY24. During the quarter, the bank’s net interest income, rose nearly 20 percent to Rs 8,903 crore.

Phoenix Mills | CMP Rs 1,806 | Shares jumped almost 4 percent after the real estate company announced the launch of a new mall in Bengaluru. Phoenix Mall of Asia, which will be built on 12 lakh square feet of land, will feature more than 440 brands and a 250,000 square foot entertainment zone, the company said in a stock exchange filing on October 27.

Laxmi Organics | CMP Rs 253 | The stock gained almost a percent after the chemical firm reported a net profit of Rs 10.70 crore in the September quarter, up by 24.4 percent YoY. The company’s margin also increased due to lower other expenses and the ramping up of long-term projects in the specialty intermediates segment.

Karnataka Bank | CMP Rs 237 | The stock rose over 6 percent after the lender announced raising Rs 800 crore from five institutional investors by allotting shares on a preferential basis. According to an exchange filing, the bank’s board approved the allotment of 3,34,00,132 equity shares to HDFC Life Insurance Company, Bajaj Allianz Life Insurance Company, Quant Mutual Fund, Bharti AXA Life Insurance Company and Bajaj Allianz General Insurance Company.