Gainers and Losers: 10 stocks that moved the most on April 5

The benchmark indices ended flat as the RBI held interest rates steady on April 5. The Sensex was up 20.59 points, or 0.03 percent, at 74,248.22, and the Nifty was down 1 point at 22,513.70. About 2,246 shares advanced, 1,446 declined and 111 were unchanged.

IREDA | CMP Rs 176.4 | Shares of IREDA jumped more than 11 percent after the BSE revised the circuit filter for the company to 20 percent from 5 percent, which came into effect on April 5. However, bids in opposite directions can break the circuit. In the past week, the state-owned financial institution has zoomed 32 percent on record loan growth for FY24.

Globus Spirits | CMP Rs 807.65 | The Globus Spirits stock gained more than 3 percent after the company announced a joint venture with ANSA McAL, a Trinidad and Tobago headquartered brand for beer production and distribution in India.

Marico | CMP Rs 509.4 | Shares of Marico rose more than 3 percent after the company in its Q4 update said its international business has reverted to clocking double-digit constant currency growth. As for the Q4 consolidated revenue, the company expects it to trend upwards, albeit delivering a low single-digit growth and jump back into the positive territory after three quarters.

Aavas Financiers | CMP Rs 1,594.45 | The Aavas Financiers stock soared 9 percent after the company reported strong growth in disbursements and assets under management for the quarter ended March. The NBFC reported a 20 percent on year uptick in disbursements at Rs 1,890 crore in the January-March quarter. Assets under management also rose 22 percent on year to Rs 17,300 crore in the quarter gone by.

Mahindra Lifespace Developers | CMP Rs 640 | Shares of Mahindra Lifespace Developers and other realty stocks gained after the RBI left policy rates unchanged at 6.5 percent for the seventh time in a row. The rate status quo would sustain the momentum in residential real estate sales, allowing aspiring homebuyers to proceed with the purchase, ANAROCK Group chairman Anuj Puri said.

Indraprastha Medical Corp | CMP Rs 243.9 | The Indraprastha Medical Corp stock zoomed 17 percent after India’s largest private lender HDFC Bank offloaded 27.8 lakh shares in the medical player. HDFC Bank sold 3.03 percent of the total share capital of Indraprastha Medical Corporation for an all-cash consideration of Rs 55.46 crore.

Ultratech Cement | CMP Rs 9,831 | Shares of Ultratech Cement declined nearly 2 percent despite the company commissioning a 100-MW solar energy project in Rajasthan. This is the company’s first project to source power for its captive consumption from the inter-state transmission network.

Prestige Estates | CMP Rs 1,295 | Prestige Estates fell 0.72 percent after the company announced the acquisition of a 21-acre land parcel in Whitefield, Bengaluru for Rs 450 crore. The land will be developed for residential development spanning approximately 4 million square feet of developable area, comprising around 1,800 apartments.

Cello World | CMP Rs 825.1 | Shares of Cello World advanced more than a percent after the company announced setting up a glassware plant in Rajasthan. The glassware furnace at the facility will be operational by the end of first quarter of FY25.

Bajaj Finance | CMP Rs 7,189.65 | The Bajaj Finance stock declined 1.29 percent despite the NBFC reported a 34 percent increase in assets under management and a healthy growth in customer base. Bajaj Finance said in a business update that it saw a 34 percent YoY increase in assets under management at Rs 330,400 crore in the March quarter. Its customer franchise grew to 83.64 million from 69.14 million in the year-ago period.