Gainers and Losers: 10 stocks that moved the most on January 20

The benchmark indices ended lower on January 20, undoing some the gains of the previous session. The Sensex was down 259.58 points, or 0.36 percent, at 71,423.65, and the Nifty was down 37 points or 0.17 percent at 21,586. About 1,971 shares advanced, 1,706 declined, and 87 were unchanged.

IREDA | CMP Rs 148.85 | The stock surged 10 percent to get locked in an upper circuit after the company’s net profit grew 67.2 percent to Rs 335.5 crore on the robust loan book growth and reduction in bad debt.

Tejas Networks | CMP Rs 812.8 | Tejas Networks fell 5.69 percent after the company posted a net loss of Rs 44.9 crore in the December quarter, widening the loss from Rs 15.20 crore in the year-ago period, impacted by higher input costs. Its revenue grew 104 percent on-year to Rs 560 crore.

PVR Inox | CMP Rs 1,522.35 | Shares of PVR Inox gained 1.32 percent with strong volumes after the company got a ‘buy’ upgrade from Elara Securities, which also raised the target price to Rs 1,900 citing a favourable risk-reward ratio.

NHPC | CMP Rs 80.5 | NHPC stock rallied 9.45 percent, a day after the company successfully closed an offer force sale during which the government offloaded 3.5 percent stake in the company at a floor price of Rs 66.

RITES | CMP Rs 629 | Shares of RITES jumped 13.65 percent after the company won a Rs 414-crore project from IIT- Bhubaneswar.

Kotak Mahindra Bank | CMP Rs 1,806.8 | Shares of Kotak Mahindra Bank gained 2.41 percent after the bank reported a 7.6 percent increased in profit at Rs 3,005 crore in Q3. The bank’s net interest income went up by 15.9 percent from the year-ago quarter to Rs 6,554 crore.

Ircon International | CMP Rs 267.1 | IRCON gained 17.25 percent along with other railway stocks as they extended their upward trend ahead of the interim budget on February 1. Analysts expect a high allocation for the rail sector in the budget.

Paytm | CMP Rs 782.5 | Paytm gained 1.15 percent after the company’s revenue grew 38 percent to Rs 2,850 crore in the third quarter. Revenue increased due to accelerated gross merchandise value growth, higher device addition, and growth of financial services business.

RBL Bank | CMP Rs 268.7 | RBL Bank jumped 1.3 percent despite Q3 result missing the street’s estimates. RBL Bank’s net profit grew 2 percent YoY to Rs 233 crore. But, excluding the contingent provision on AIF investment of Rs 115 crore, net profit swelled 53 percent YoY to Rs 319 crore.

HFCL | CMP Rs 99.7| Shares of HFCL gained 12.59 percent after the company said it won a Rs 623 crore order for supplying 5G equipment.