Gainers & Losers: Top 10 stocks that moved the most on December 7

After posting stellar gains for the past seven sessions, the benchmark indices took some breather on December 7 with Nifty falling below 20,900 amid selling in the capital goods, FMCG, Information Technology and metal stocks. At close, the Sensex was down 132.04 points or 0.19 percent at 69,521.69, and the Nifty was down 36.50 points or 0.17 percent at 20,901.20.

Bharat Electronics: Shares of the company rose two percent to touch a 52-week high of Rs 163 on December 7, after the company received an order of Rs 580 crore from Indian Army for AMC of Radars.

SpiceJet: Shares of this low-cost carrier skyrocketed 20 percent to hit upper circuit and 52-week high of Rs 52.29 per share on December 7 after the company said that its board will meet on December 11 to weigh options for raising fresh capital.

SJVN: The stock of this company surged seven percent to Rs 90 per share after Monarch Networth Capital initiated ‘buy’ coverage, pointing out the stock’s capacity to yield strong returns of two to three times over a three- to five-year period

Sugar stocks: Shares of ethanol-focused sugar companies like Balrampur Chini Mills, Uttam Sugar, Shree Renuka Sugars, and Triveni Engineering slumped up to eight percent on December 7 after the government initiated curbs on ethanol production

ONGC: Shares of the upstream company declined 1.5 percent to Rs 199 per share on December 7 on the back of a steep fall in Brent crude prices to five-month lows

Adani Ports and Special Economic Zone: Shares of the Adani Group company surged two percent to Rs 1,039 on December 7 after reports suggested that the company is actively engaged in advanced discussions to acquire Gopalpur Ports in Odisha from Shapoorji Pallonji (SP) Group

Power Grid Corporation of India: Shares of this power company gained two percent to Rs 229 per share on December 9 after the company emerged as a successful bidder to set up an inter-state transmission project.

Tata Power: Shares of Tata Power soared 11 percent on December 7 to hit a fresh record high after brokerage firm JM Financial upgraded the stock to ‘buy’ rating from hold earlier. With the stellar gains, the company also became the sixth firm belonging to the Tata Group to have surpassed the Rs 1 lakh crore market cap.

Bharti Airtel: Shares of this telecom operator declined 2.4 percent to Rs 1,000 per share on December 7 after 1.8 crore shares changed hands in Rs 1,856-crore block deal

Hindustan Unilever: Shares of this FMCG major slipped 1.7 percent to Rs 2,522 per share on December 7, after global brokerage firm Jefferies shared a ‘hold’ rating on the counter and lowered target price to Rs Rs 2,563 rom Rs 2,720, saying growth pick-up remained elusive for the FMCG major.