Gainers and Losers: 10 stocks that moved the most on January 19

The market reversed the three-day down trend as the Sensex closed 496.37 points or 0.70 percent higher at 71,683.23, and the Nifty 160.10 points or 0.75 percent at 21,622.40 on January 19. About 2,365 shares advanced, 310 declined, and 94 were unchanged.

Poonawalla Fincorp | CMP Rs 503.95 | Shares of Poonawalla Fincorp gained 2.76 percent after the company posted a 76 percent growth in profit in Q3 on the back of better asset quality and interest income.

Indiamart | CMP Rs 2,635 | Shares of Indiamart gained 5.88 percent after the company’s topline grew 21 percent YoY to Rs 305 crore while profit came in at Rs 77 crore on lower employee costs.

Home First Finance | CMP Rs 1,006 | Home First Finance stock gained 2.24 percent after the NBFC’s net profit grew 34.2 percent growth to Rs 79 crore. Morgan Stanley attributed this growth to higher assignment income and lower credit cost.

Aarti Industries | CMP Rs 675 | Shares of Aarti Industries gained 10.37 percent after brokerage firms Morgan Stanley and Emkay Global maintained their bullish outlook on the company. Emkay Global gave a buy rating and a target price of Rs 750, an upside of 22.8 percent from the previous closing price.

Tata Communications | CMP Rs 1,735 | Shares of Tata Communication slipped 1.96 percent despite the company reported its fastest quarterly growth across 9 years. Its revenue grew 24.4 percent YoY to Rs 5633 crore.

HDFC Bank | CMP Rs 1,474.9 | HDFC Bank fell 0.76 percent, extending its downward trend to third straight session after the disappointing Q3 numbers. However, CLSA gave a buy call on the bank with a target price of Rs 2,025, implying an upside of 34 percent from current levels.

Metro Brands | CMP Rs 1,166.5 | Shares of Metro Brands plunged 3.84 percent after the company reported weak Q3 numbers. The company’s net profit declined 12.6 percent year-on-year to Rs 98.78 crore for the December quarter of FY24.

Shalby | CMP Rs 315.4 | Shares of Shalby gained 3.68 percent after the company announced plans to acquire an 87.26 percent equity stake in PK Healthcare’s Sanar Hospitals for Rs 102 crore. The Gurugram-based hospital has a capacity of 130 beds.

Dixon Technologies | CMP Rs 6,100 | The Dixon Technologies stock slumped 3.22 percent after Directorate of Revenue Intelligence (D.R.I) conducted a search at the manufacturing facility of one of its subsidiaries in Noida on January 17.

Shree Marutinandan Tubes | CMP Rs 210 | Shares of Shree Marutinandan Tubes got listed at 46 percent premium after the company’s IPO was subscribed over 47 times last week. Shree Marutinandan Tubes’ Rs 14.30-crore IPO, consisting solely of fresh shares, had opened for bids on January 12 and closed on January 16.