Gainers and Losers: 10 stocks that moved the most on January 17

Recording the biggest single-day fall in the last 1.5 years, the Sensex was down 1,628.01 points or 2.23 percent at 71,500.76, and the Nifty was down 460.30 points or 2.09 percent at 21,572.00.
About 1253 shares advanced, 2413 shares declined, and 83 shares unchanged.

PTC Industries | CMP Rs 7,052 | Shares of PTC Industries gained nearly 1 percent after the company signed an agreement with France-based Dassault Aviation for the supply of titanium casting parts. Aerolloy Technologies, a subsidiary of PTC Industries, will produce the full range of Titanium casting parts for the Rafale multirole fighter aircraft and the Falcon business jet programme.

HDFC Bank | CMP Rs 1,542.15 | Shares of HDFC Bank plunged 8.16 percent after its Q3 results disappointed the markets. Although Q3 net profits grew 33 percent and met the expectations, it was powered by a one-time tax gain. The bank’s net interest income increased by 24 percent and missed the street estimates.

Eicher Motors | CMP Rs 3,746.25 | Shares of Eicher Motors fell 1.21 percent and extended its losses for fourth straight session. CLSA downgraded the stock to sell, reasoning it is overvalued.

Bajaj Auto | CMP Rs 7,170 | Bajaj Auto stock fell 1.7 percent after domestic brokerage firm CLSA downgraded the stock to ‘sell’ citing the stock is overvalued and current valuations have priced in double-digit volume growth over the next few years, which seems unlikely.

ICICI Lombard | CMP Rs 1,452 | Shares of ICICI Lombard gained 5 percent after the company’s Q3 results beat the market expectations. ICICI Lombard reported a net premium income of Rs 4,690 crore, beating market expectations of Rs 4,376 crore. Its combined ratio came down to 103.6 percent against estimates of 104 percent.

IREDA | CMP Rs 124.4 | IREDA stock gained 5 percent after the company announced partnership with Indian Overseas Bank (IOB) to co-finance renewable energy projects in India. The stock also hit its all time high price in the exchanges today.

ICICI Securities | CMP Rs 772.65 | Shares of ICICI Securities fell 1.45 percent despite the company announced a 67 percent YoY rise in net profits to Rs 465 crore in Q3FY24.

GMR Airports Infra | CMP Rs 83.4 | Shares of GMR Airports Infrastructure fell 1.13 percent even after the company reported a 15 percent YoY rise in passenger traffic in December. Around 10.98 million passengers passed through the airports run by the company in Delhi, Hyderabad, Goa, Indonesia and the Philippines in December 2023.

PNC Infratech | CMP Rs 413.85 | Shares of PNC Infratech gained 2.15 percent after the company won a Rs 1174 crore road project in Madhya Pradesh. The company will construct 41-km four-lane Western Bhopal Bypass along with a service road in the Madhya Pradesh in the Hybrid Annuity Mode (HAM). The work has to be done is 24 months, while the operation period is 15 years after the construction.

Adani Energy Solutions | CMP Rs 1088 | Adani Energy Solutions stock fell 3.4 percent after the company reported 2 million smart meters contracts worth Rs 2,300 crore in Q3. The company said the transmission and smart metering business has maintained system availability of 99.67 percent in Q3FY24 and added 302 ckms to the operational network during the quarter with a total network at 20,422 ckms.