Gainers and Losers: 10 stocks that moved the most on January 2

On January 2, the Sensex was down 379.46 points or 0.53 percent at 71,892.48, and the Nifty was down 76.10 points or 0.35 percent at 21,665.80.
About 1630 shares advanced, 1686 shares declined, and 77 shares unchanged.

NMDC | CMP Rs 217.4 | Shares of NMDC rose 2.81 percent after increasing prices of lump ores and fines. The company’s production in 2023 also rose 18 percent from 2022 levels.

Alembic Pharma | CMP Rs 792.45 | Shares of Alembic Pharma went up 3.47 percent after the company reported it received 196 ANDA approvals from USFDA for tentative or final products during the quarter ended December 31, 2023.

VST Industries | CMP Rs 4,060.1 | Shares of VST Industries rose 20 percent and hit upper circuit after reports said 4 percent stake in the company was sold through a block deal.

GAIL India | CMP Rs 163.8 | Shares of GAIL India sunk 1.44 percent intraday after Kotak Institutional Equities downgraded the stock of the natural gas company on a negative outlook for gas demand and concerns on fundamentals versus the optimism in the scrip.

Alok Industries | CMP Rs 25.8 | Shares of Alok Industries surged 20 percent and got locked in upper circuit after Reliance Industries subscribed to non-convertible redeemable preferential shares worth Rs 3,300 crore.

Vodafone Idea | CMP Rs 16.05 | Shares of Vodafone Idea went down 5.59 percent after the company denied reports saying it was in talks with Elon Musk-promoted Starlink to manage its services in India.

Ashok Leyland | CMP Rs 180.6 | Shares of Ashok Leyland slid 2.88 percent after the company reported a 10 percent decline in its total sales in December. The company in December sold 15,323 units as against 17,112 units in December 2022.

Bajel Projects | CMP Rs 125.25 | Shares of Bajel Proejcts, a Bajaj Electricals entity fell 5 percent and hit lower circuit after Enam AMC sold stake in the company.

Coal India | CMP Rs 391.75 | Shares of Coal India gained 2.61 percent after the company reported production in December grew 8.2 percent on-year to 71.9 million tonnes.

Shares of HUL ended up 1.5 percent lower after the company was slapped a Rs 447.5-crore GST demand.