Gainers and Losers: 10 stocks that moved the most on March 4

On March 4, the Sensex was up 49.90 points or 0.07 percent at 73,856.05, and the Nifty was up 27.20 points or 0.12 percent at 22,405.60. About 1,198 shares rose, 2,214 declined, and 110 were unchanged.

BHEL | CMP Rs 265.15 | Shares of BHEL surged 12.4 percent with strong volumes. 24 crore shares were traded against the monthly average of 4 crore. 

HDFC Life Insurance | CMP Rs 609 | HDFC Life Insurance, along with other insurance stocks, rose up to 3 percent after reports suggested that the Insurance Regulatory and Development Authority of India (IRDAI) is likely to consider rationalisation of proposed surrender value.

Moil | CMP Rs 300 | Shares of Moil rallied 6.76 percent after the manganese ore mining company said February production jumped 15 percent YoY. MOIL achieved best ever February production of 1.51 lakh tonnes manganese (Mn) ore, higher by 15 percent YoY, while sales at 1.56 lakh tonnes increased by 18 percent over the same month during the previous year.

Inox Wind | CMP Rs 552.65 | Inox Wind and Suzlon Energy fell after reports suggested the Ministry of New and Renewable Energy was revisiting its stance on reverse auctions, considering bringing it back as a result of undersubscription and higher tariff discovery in recent wind bids.

Godrej Properties | CMP Rs 2,492.35 | Shares of Godrej Properties gained 2.08 percent after the company announced it has entered definitive agreements to develop a township project on a 62-acre land parcel in North Bengaluru.

Finolex Industries | CMP Rs 221.3 | Finolex Industries stock fell 1.54 percent after the company announced that it has entered into a share purchase agreement with Hinduja Renewables One Pvt Ltd (HROPL) and Hinduja Renewables Energy Pvt Ltd to purchase solar power.

HAL | CMP Rs 3,213.15 | Shares of Hindustan Aeronautics surged 1.77 percent after the company bagged a Rs 5,250-crore contract from the defence ministry. Morgan Stanley also put a ‘overweight’ tag on the company.

JSW Steel | CMP Rs 826 | JSW Steel and Tata Steel stocks fell after CLSA downgraded both companies from ‘outperform’ to ‘sell’ and slashes their target prices as the brokerage expects the companies to get lower margins due to lower spreads.

NTPC | CMP Rs 354.35 | Shares of NTPC surged 3.69 percent after the company’s board gave investment approval to Singrauli super thermal power project, Stage III (2×800 MW). The current estimated cost of the project is Rs 17,195.31 crore.

SJVN | CMP Rs 122.2 | SJVN stock gained 1 percent after its subsidiary SJVN Green Energy (SGEL) has bagged the 200 MW solar power project in the tariff-based competitive bidding conducted by Gujarat Urja Vikas Nigam at a tariff of Rs 2.66 per unit.