Gainers and Losers: 10 stocks that moved the most on April 8

The equity benchmarks hit fresh all-time highs on April 8 even as India’s stock market cap hit Rs 400 lakh crore. The Sensex closed 494.28 points, or 0.67 percent, at 74,742.50, and the Nifty 152.60 points, or 0.68 percent, at 22,666.30. About 1,695 shares advanced, 1,734 declined and 107 remained unchanged.

Godrej Properties | CMP Rs 2,592.5 | Shares of Godrej Properties surged 3 percent after the company announced it sold homes worth over Rs 3000 crore in Gurugram. The company sold over 1,050 units, worth more than Rs 3,000 crore, in three days in the Godrej Zenith project in Gurugram.

Som Distilleries | CMP Rs 316.5 | The Som Distilleries stock gained 3 percent after the company announced starting commercial production from additional capacity at its Karnataka plant. “After the increase, our capacity stands at 140 lakh cases of beer per annum from 90 lakh installed earlier,” the company said in a regulatory filing.

Exide Industries | CMP Rs 375.85 | Shares of Exide Industries rallied nearly 17 percent after Hyundai Motor Company and Kia Corporation announced a partnership with homegrown battery maker for electric vehicle battery localisation in India.

Nykaa | CMP Rs 179.5 | Nykaa parent FSN E- Commerce’s stock zoomed over 6 percent after the company stated that it anticipates a “high twenties” on-year growth in revenue during the March quarter. Nykaa also clocked in a “early 30s” growth in Gross Merchandise Value (GMV), which represents the total value of goods sold through its e-commerce platforms before any deductions.

Naukri | CMP Rs 6,224 | Shares of Info Edge, the parent firm of online job portal Naukri, jumped nearly 10 percent after the company posted robust Q4 performance. Its standalone billings grew 5.48 percent year-on-year (YoY) to Rs 2,495.9 crore in FY24. In terms of segment, Info Edge’s recruitment solution segment, which includes Naukri and iimjobs, posted Rs 1,883.2 crore as standalone billing, rising 1.81 percent YoY.

Bandhan Bank | CMP Rs 185.1 | The Bandhan Bank stock fell more than 6 percent after chief executive officer and managing director Chandra Shekhar Ghosh announced his decision to step down. The lender announced that Ghosh would quit upon the completion of his tenure in early July.

Gland Pharma | CMP Rs 1,856 | Shares of Gland Pharma soared nearly 6 percent after the company received USFDA approval for Eribulin Mesylate injection. The product is expected to be the first generic approval on the market, and the company expects to launch it in the near term through its marketing partner.

Adani Ports | CMP Rs 1,353 | The Adani Ports stock declined more than a percent after a large Rs 913-crore deal took place on the exchanges on April 8. Around 67 lakh shares, making up 0.3 percent equity in the company, changed hands at an average of Rs 1,361 a  share.

Voltas | CMP Rs 1,309 | Shares of Voltas advanced nearly 6 percent after the company announced it sold 2 million units in FY24. This is the highest ever sale of ACs by any brand in a financial year in India. The sales indicated a volume growth of 35 percent in the AC segment, the company said on a business update.

Wipro | CMP Rs 480.25 | The Wipro stock fell nearly a percent after CEO Thierry Delaporte resigned his position on April 6. Thierry’s resignation comes amid quarters of underperformance, where Wipro has lagged its rivals. Srinivas Pallia has been appointed as the CEO and MD of the company.