Gainers and Losers: 10 stocks that moved the most on January 29

On January 29, the Sensex was up 1,240.90 points or 1.76 percent at 71,941.57, and the Nifty was up 385.00 points or 1.80 percent at 21,737.60. About 2,175 shares advanced, 1,588 shares declined and 143 shares were unchanged.

Shriram Finance | CMP Rs 2,399.6 | Shriram Finance stock gained 4.01 percent and hit its all-time high value after strong Q3 results. The NBFC’s Asset Under Management increased 20.7 percent YoY to Rs 2.14 lakh crore. The company’s provisions went up 37 percent and net profit was up 4 percent.

IRB Infra Developers | CMP Rs 60.8 | Shares of IRB Infrastructure Developers surged 19.92 percent a day after the company said the Arbitration Tribunal has granted an award in favour of Yedeshi Aurangabad Tollway (YATL), a special purpose vehicle (SPV) set up for the project, in arbitration proceedings against the National Highways Authority of India.

Tips Industries | CMP Rs 431.95 | Shares of Tips Industries jumped 5 percent after Rs 248 crore worth of shares exchanged hands in the exchange. The company reported a 72 percent year-on-year rise in net profit at Rs 34.7 crore in the December quarter, while revenue jumped 27 percent to Rs 64.8 crore.

SBI Cards | CMP Rs 716.25 | SBI Cards and Payment Services stock fell 5.74 percent after the company’s asset quality deteriorated in the December quarter. SBI Cards and Payment Services Limited’s gross non-performing assets (NPAs) and NNPA came in at 2.64 percent and 0.96 percent, up from the previous quarter as well as the year-ago period.

Maharashtra Seamless | CMP Rs 1,050 | Shares of Maharashtra Seamless went up 5.62 percent after the company won two contracts with an aggregate basic value of Rs 116 crore approximately from Indian Oil Corporation for the supply of seamless pipes.

Macrotech Developers | CMP Rs 1,037 | Shares of Macrotech Developers fell nearly 1.8 percent after investors booked profit in the stock after the company reported stellar numbers in Q3 results. The stock had also gained 40 percent in the last three months.

Mahindra Logistics | CMP 437.05 | Shares of Mahindra Logistics went up 1.5 percent intraday after the company announced a 1 lakh sq ft expansion of its warehouse in Maharashtra’s Nashik. The company also announced a new 3 lakh sq ft facility, taking its warehousing footprint to 5 lakh sq ft in Nashik. The stock lost some of the gains and closed 0.89 percent up in the green.

Cipla | CMP Rs 1,341.55 | Shares of Cipla went down 2.05 percent after Samina Hamied stepped down from her role as the executive vice-chair of the company. However, she will continue to remain associated with the company as a non-executive director who is liable to retire by rotation.

SJVN | CMP Rs 130.2 | Shares of SJVN gained 11.81 percent after the company said it bagged a solar power project from Gujarat Urja Vikas Nigam Limited (GUVNL). The ground-mounted solar project would be developed by the company through its wholly-owned subsidiary SJVN Green Energy Limited (SGEL) at a tentative cost of Rs 550 crore.

Reliance Industries | CMP Rs 2,890.1 | Shares of Reliance Industries rallied 6.8 percent and hit an all-time high after Bloomberg reported Walt Disney’s India unit lost almost half of its valuation ahead of its merger with Reliance’s media business.
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