Gainers and Losers: 10 stocks that moved the most on April 15

The benchmark indices ended lower for a second session on April 15 as worries over Israel-Iran tensions blowing up into a full-scale war worried investors. The Sensex was down 845.12 points, or 1.14 percent, at 73,399.78, and the Nifty ended 246.90 points, or 1.10 percent,  lower at 22,272.50. About 882 shares advanced, 2,886 declined and 134 were unchanged.

Mahanagar Gas | CMP Rs 1,459.90 | Shares of Mahangar Gas and Indraprastha Gas gained after the BJP’s 2024 manifesto promised extension to existing schemes for energy access and more clean-energy solutions.

Ramkrishna Forgings | CMP Rs 706.80 | The Ramkrishna Forgings stock advanced 2 percent after the company secured Rs 270-crore orders for Vande Bharat trains. The scope of this project involves the development and validation of the bogie frame for the sleeper version of the Vande Bharat trainset. The order includes 32 trainsets, each comprising 16 coaches. the company said.

IREDA | CMP Rs 158.90 | Shares of IREDA fell nearly 5 percent after three domestic mutual funds exited the company in March. Kotak Mutual Fund, Nippon India Mutual Fund and ICICI Prudential Mutual Fund exited IREDA in March, Nuvama Alternative & Quantitative Research said in a note, citing data from ACE MF.

Aster DM Healthcare | CMP Rs 525 | The Aster DM Healthcare stock rose 7 percent after the company announced a special dividend of Rs 118. The Aster DM Healthcare board on April 12 approved the declaration of a special dividend of Rs 118 a share payable to the shareholders named in the register of members of the company as on April 23, it said.

Reliance Power | CMP Rs 26 | Shares of Reliance Power dipped 4 percent after the company reported it completed the slump sale of its Vashpet wind power project in Maharashtra to JSW Renewable Energy.

Exide Industries | CMP Rs 408.80 | The Exide Industries stock zoomed 2 percent after Morgan Stanley raised the target price to Rs 485 from Rs 373, citing multiple levers for growth for the battery maker. The target implies an upside of 22.8 percent from the close of Rs 398 on April 12.

Sterilite Technologies | CMP Rs 133 | Shares of Sterilite Technologies plunged 3 percent even after the company said that it raised Rs 1,000 crore through a QIP. In an exchange filing on April 13, Sterlite Technologies said it raised the amount through a share sale to institutional investors. The company is yet to disclose the reason for the fund raise.

Anand Rathi Wealth | CMP Rs 4,200 | The Anand Rathi Wealth stock jumped 4 percent after the company reported a 33 percent YoY growth in net profit in Q4. Anand Rathi Wealth recorded a net profit of Rs 56.6 crore in the March quarter, while revenue grew by 29 percent to Rs 184.3 crore.

Varun Beverages | CMP Rs 1,380 | Shares of Varun Beverages closed 0.42 percet down even after the company said it started commercial production at its Gorakhpur facility. The company’s board on April 10 approved to invest up to 14 percent of equity share capital in Huoban Energy 11 Private Limited, a special purpose vehicle engaged to supply solar power to consumers in the state of Maharashtra.

Lemon Tree Hotels | CMP Rs 137.9 | The Lemon Tree Hotels stock fell more than a percent even after the company announced opening of second property in Nepal. Tigerland Safari, a Lemon Tree resort in Chitwan, is the second property of the company in Nepal after Lemon Tree Premier opened in Kathmandu earlier this month.