Gainers and Losers: 10 stocks that moved the most on February 21

The Nifty hit a new high of 22, 249 in the early trade on February 21 and that was the only bright spot of the session which saw broad-based profit booking. The Sensex ended 434.31 points or 0.59 percent down at 72,623.09 and the Nifty closed 142 points or 0.64 percent lower at 22,055. About 1,428 shares advanced, 2,272 declined and 92 remained unchanged.

Paytm | CMP Rs 395.05 | The One 97 Communications stock, the parent company of Paytm, surged 5 percent and was locked in an upper circuit for the third straight session after the RBI extended deadline for Paytm Payments Bank to March 15, a deal with Axis Bank and “outperform” call from Bernstein.

Tata Steel | CMP Rs 144 | Shares of Tata Steel and other steel companies gained following the rise in coking coal prices. Coking coal is a key raw material used in the manufacture of steel through the blast furnace route. In September 2023, industry executive Bimlendra Jha said that steel prices in India are registering an upward trend due to “rapidly” increasing rates of coking coal.

HFCL | CMP Rs 111.7 | The HFCL stock rose 3 percent intraday and hit a 52-week high after the company announced a strategic expansion into Europe by establishing an optical fiber cable manufacturing facility in Poland. The stock lost some of the gains and closed at 0.77 percent higher.

DLF | CMP Rs 887.5 | Shares of DLF rallied 2.73 percent after the company’s wholly-owned subsidiary DLF Home Developers entered into private agreement with Axis Trustee Services and IREO Private to acquire a land parcel in Gurugram for Rs 1,241 crore.

Raymond | CMP Rs 1,869 | The Raymond stock surged 5.52 percent a day after the group’s real estate arm Raymond Realty announced the launch of its first project outside Thane ‘The Address by GS, Bandra’.

Zee Entertainment | CMP Rs 165.65 | Shares of Zee Entertainment plunged 14.02 percent after Bloomberg reported that Sebi found about $241 million might have been diverted from the company. According to the report, the Securities and Exchange Board of India has been in conversation with senior officials at Zee, including its founders Subhash Chandra and his son Punit Goenka, and some board members to explain their stance.

Tourism Finance Corporation | CMP Rs 231.2 | The Tourism Finance Corporation of India stock rallied 5 percent and was locked in upper circuit after Cupid promoter Aditya Kumar Halwalsiya acquired a 13 percent stake in the company.

Union Bank of India | CMP Rs 145.3 | Shares of Union Bank of India rose nearly 3 percent after the PSU lender announced a Rs 3,000-crore qualified institutional placement at a floor price of Rs 142.78 a share. The floor price is at a marginal premium to the last closing price of Rs 141.10.

Swan Energy | CMP Rs 708.3 | The Swan Energy stock fell 5.72 percent a day after the company floated a Rs 4,000-crore qualified institutional placement (QIP) with a floor price of Rs 703.29 per share.

Hero Motocorp | CMP Rs 4,540 | Shares of Hero Motocorp fell 2.65 percent after CLSA predicted a single-digit volume growth for two wheelers in February. The broking firm added that the competition in the space is escalating, especially in the electric vehicle space and premium motorcycle segment. This could potentially affect the margins of original equipment manufacturers.