Gainers and Losers: 10 stocks that moved the most on February 28

The benchmark indices ended over a percent lower on February 28 on widespread selling ahead of the monthly expiry and GDP data. The Sensex closed 790.34 points, or 1.08 percent, at 72,304.88, and the Nifty was down 247.10 points, or 1.11 percent, at 21,951.20. About 664 shares advanced, 2,627 declined and 65 shares unchanged.

Indus Towers | CMP Rs 242.85 | Shares of Indus Towers gained 1.08 percent after Vodafone Idea announced its plans to raise Rs 45,000 crore through equity and debt. The stock has gained on the hopes that some of the funds raised will be used by Vodafone Idea to pay off its debt to Indus Towers.

Vodafone Idea | CMP Rs 13.65 | Vodafone Idea stock plunged 13.88 percent even after the board of directors of the cash-strapped telecom operator decided to raise Rs 45,000 crore. Brokerages were cautious, saying the fundraising alone may not be enough to rescue the company.

Zee | CMP Rs 161.9 | Shares of Zee fell 6.44 percent a day after the media company said it had set up a panel to examine the allegations levelled against the company, its promoters and key managerial personnel by regulatory bodies.

DreamFolks Services | CMP Rs 507.5 | DreamFolks Services stock surged 4.96 percent after Motilal Oswal initiated coverage on the airport services aggregator with a “buy” call. DFS has more than a 75 percent volume market share in domestic airport lounges and is the only player with 100 percent coverage of airport lounges, the report said.

Wipro | CMP Rs 515.8 | Shares of Wipro fell 2.94 percent after Kotak Institutional Equities downgraded Wipro to “sell” from ‘reduce’ following the stock’s upmove in the past three months, reasoning the stock is expensive.

Torrent Power | CMP Rs 1,125 | The Torrent Power stock fell 2.27 percent even after the company announced that it bagged a project in Solapur, Maharashtra, marking its foray into the transmission segment.

KEC International | CMP Rs 724.1 | Shares of KEC International rallied 3.8 percent with strong volumes in the trading session. As many as 29 lakh shares were traded compared to the monthly average of 5 lakh. CEO Vimal Kejriwal said to CNBCTV18 that company is looking to achieve Rs 20,000-crore order inflow guidance for FY24.

Texmaco Rail | CMP Rs 186.55 | Texmaco Rail and Engineering stock declined 4.33 percent even after the company’s board approved plans to raise up to Rs 150 crore through a preferential issue of convertible warrants to its promoters and promoter groups.

SJVN | CMP Rs 118.25 | Shares of SJVN plunged 3.31 percent even after the the company’s arm commissioned a 100 MW solar power project in Gujarat. SJVN Green Energy Limited (SGEL), a wholly owned subsidiary of the company, has commissioned 100 MW Raghanesda Solar Power Project in the Banaskantha district of Gujarat.

Gensol Engineering | CMP Rs 1,195 | The Gensol Engineering stock soared 7 percent intraday after the company’s subsidiary Gensol Electric Vehicles received the certification and approval for an electric vehicle from the Automotive Research Association of India (ARAI). However, the stock lost its gains and closed at 0.38 percent in the green.