Gainers and Losers: 10 stocks that moved the most on January 4

The market ended higher on January 4 after two successive sessions of losses, with the Sensex closing 490.97 points, or 0.69 percent, higher at 71,847.57 and the Nifty closing 141.30 points, or 0.66 percent, higher at 21,658.60. About 2,267 shares advanced, 1,034 declined and 79 remained unchanged.

Bajaj Amines | CMP Rs 2,676.6 | Bajaj Amines gained 3.28 percent after the company’s subsidiary, Bajaj Speciality Chemicals, received status of a mega project from the Maharashtra government.

LTI Mindtree | CMP Rs 5,877 | LTI Mindtree stock fell over 1.41 percent after receiving a tax demand of Rs 206 crore. The company plans to challenge the order.

Sobha | CMP Rs 1,296.6 | The stock surged 15.82 percent after Motilal Oswal Financial Services said the counter was one of its top picks for 2024. The brokerage has a “buy” call on the stock with a target price of Rs 1,400. The company has growth visibility from opportunities from its vast land reserves, it said.

NTPC | CMP Rs 317 | NTPC gained 3.53 percent after Axis Securities initiated coverage on the stock with a “buy” call and a target price of Rs 345. Axis Securities back the company for its substantial portfolio in conventional power and good cost-plus business model.

Indian Hotels | CMP Rs 462.4 | Indian Hotels rose over 2 percent and hit an all-time high after global brokerage firm Morgan Stanley upgraded the target to Rs 490 from Rs 450, implying an upside of 7 percent from the current levels.

Torrent Power | CMP Rs 1,017 | The stock rallied 14 percent and hit a 52 week high after the power utility firm signed four contracts with the Gujarat government for a total of Rs 47,350 crore. The stock pared some of the gains to closed 7.7 percent higher.

Ujjivan SFB | CMP Rs 59.2 | Ujjivan Small Finance Bank shares were up 4 percent after registering a solid 27 percent increase in loan book on a year-on-year basis to Rs 27,791 crore.

NHPC | CMP Rs 69.15 | NHPC rose 2.67 percent after the company signed a MoU with GPCL for the proposed investment of Rs 4,000 crore.

IndusInd Bank | CMP Rs 1,645.9 | Shares of Indusind Bank were up 2.79 percent after the private lender reported a 20 percent growth in the third quarter advances and a 13 percent surge in deposits in a business update.

Angel One | CMP Rs 3,570 | The stock jumped 7 percent intraday to hit a 52-week high after the company posted a robust monthly update, with a 5.4 percent increase in its client base in December. The stock came off the day’s high and closed 2.6 percent in the green.