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

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

On the sectoral front, except healthcare, all other indices ended in the green with bank, capital goods, metal, power up 0.5-1 percent.

On February 29, the Sensex was up 195.42 points or 0.27 percent at 72,500.30, and the Nifty was up 31.60 points or 0.14 percent at 21,982.80. About 1745 shares advanced, 1906 shares declined, and 112 shares were unchanged.

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BEML | CMP Rs 3,118 | Shares of BEML declined 3.7 percent even after the company won an order worth Rs 72.71 crore from Eastern Coalfields Limited for BH100 Rear dumper. This took the stock’s decline to two consecutive sessions after it gained 9 percent on February 27.

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Bondada Engineering | CMP Rs 915 | Bondada Engineering stock gained 2.25 percent after the company bagged an order worth Rs 81 crore from NLC India. The work is to be executed in 15 months from the date of LOA.

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Lumax Auto Technologies | CMP Rs 481 | Shares of the company soared 6 percent after a deal worth Rs 134.50 crore took place on the exchanges. Around 30 lakh shares, representing a 4.4 percent stake in the company changed hands at an average price of Rs 455 per share. The floor price of the deal reflected a 1 percent discount to the stock’s previous close.

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Juniper Hotels | CMP Rs 434 | Juniper Hotels’ stock zoomed 8.09 percent after Norges Bank, on account of the Government Pension Fund Global, bought 21.7 lakh equity shares or 0.98 percent stake in the luxury hotel chain. The bulk deal was carried out at an average price of Rs 398.15 per share.

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NBCC | CMP Rs 135.9 | Shares of NBCC (India) surged 2.8 percent after the company executed the e-auction of approximately 61,000 sqft commercial built-up area at Ayurvigyan Nagar in New Delhi. The toal deal fetched Rs 272.68 crore with basic sale price of project at Rs 36,000 per square feet.

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Bajaj Auto | CMP Rs 7,926.45 | Bajaj Auto stock fell 3.2 percent as it traded ex-buyback. The company had approved Rs 4,000-crore share buyback in January and set record date for it on February 28.

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Suzlon Energy | CMP Rs 45.35 | Shares of Suzlon Energy gained 4.98 percent after the company won a 30-MW wind power project for EDF Renewables. The project is located in Gujarat and the company will install 10 wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower and a rated capacity of 3 MW each.

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Man Industries | CMP Rs 396.4 | Man Industries (India) stock rallied 4 percent after the company won orders worth Rs 555 crore. The order is to supply various types of pipes.

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Venus Pipes | CMP Rs 1,830 | Shares of Venus Pipes & Tubes zoomed 5 percent after the stainless steel manufacturer entered the fittings business and expanded capacity for pipes and tubes. The company also announced Rs 175 crore capex for the expansion.

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Shriram Finance | CMP Rs 2,440 | Shriram Finance stock rallied 3.88 percent after the company was included in Nifty 50 post the latest rejig. UPL, which will exit Nifty 50, fell 0.83 percent in the session.

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