Gainers and Losers: 10 stocks that moved the most on January 15

The benchmarks indices raced to new highs on January 15, largely aided by buying in IT names on expectations of a rebound.  The Sensex ended 759.49 points or 1.05 percent higher at 73,327.94, and the Nifty was up 203 points or 0.93 percent at 22,097.50, a new closing high for both indices. About 2,005 shares advanced, 1,796 declined and 107 remained unchanged.

Just Dial | CMP Rs 889 | Shares of Just Dial surged 1.82 percent after the company’s net profit rose 22.3 percent YoY to Rs 92 crore in Q3FY24. Operating revenue grew 19.7 percent to Rs 265 crore.

Ultracab | CMP Rs 22.56 | The Ultracab stock was locked in 5 percent lower circuit for the third straight session after the promoters reduced their shareholding in the company from 59.69 percent in the August-September period to 27.89 percent in the October-December quarter.

Evoq Remedies | CMP Rs 12 | Shares of Evoq Remedies, a BSE listed SME company, plunged 16 percent, falling for the second consecutive session. The fall came after the promoters sold 72 percent of their stake in the company.

Lupin | CMP Rs 1,415 | Lupin gained a percent after the company received approval from US FDA to market the generic of a hypertension drug, propranolol hydrochloride extended-release capsules USP. The drug will be manufactured at the company’s Pithampur facility.

Kody Technolab | CMP Rs 769.4 | Kody Technolab, a recently listed SME company, was locked in a 5 percent upper circuit after it won an export order worth Rs 30 crore.

IRFC | CMP Rs 132 | Shares of IRFC rallied 16 percent to hit a record high on the back of government’s focus on the sector, fresh capital infusion and expectation of strong December quarter, according to analysts. The stock has gained almost 300 percent in one year.

Avalon Technologies | CMP Rs 555.9 | Shares of Avalon Technologies gained 2 percent after the company entered into a partnership with Centre for Development of Advanced Computing (C-DAC) as part of the government’s ‘RUDRA’ programme aimed at designing and manufacturing supercomputers in India.

Jio Financials | CMP Rs 267.35 | Shares of Jio Financials rallied 4.82 percent ahead of the company’s December quarterly earnings. KRChoksey Shares and Securities, which initiated coverage on the stock with a “buy” call and a target price of Rs 290, expects the lending business to report Rs 4,600 crore assets under management (AUM), with a ramp-up in the product pipeline.

LIC | CMP Rs 854.9 | Shares of LIC gained 3 percent, snapping its two day losing streak. The stock gained after the company announced receiving an income tax refund of Rs 25,464 crore relating to interim bonuses to policyholders in the past seven assessment years.

IRB Infrastructure | CMP Rs 46.65 | The stock gained 1.3 percent after the highway infrastructure company announced it would executes concession agreements for TOT-13 project with NHAI.