Gainers and Losers: 10 stocks that moved the most on January 10

Some last-hour buying helped the equity benchmarks to end near the day’s high on January 10. The Sensex close 271.50 points or 0.38 percent higher at 71,657.71 and the Nifty was up 73.90 points or 0.34 percent at 21,618.70  About 1,543 shares advanced, 1,723 declined and 79 were unchanged.

Tanla Platforms | CMP Rs 1,204 | Tanla Platform shares gained 10.82 percent with high volumes after the company said its board will meet later in January to approve Q3 results and interim dividend if any.

Network 18 | CMP Rs 119.4 | Shares of Network 18 Media and Investments surged 20 percent and got locked in upper circuit after a Rs 155.50-crore bulk deal. Around 1.3 crore shares, or 1.3 percent equity, changed hands on the bourses.

Tata Power | CMP Rs 346.85 | The stock rose 1.95 percent after Antique maintained its ‘buy’ call on the stock and raised the target price to Rs 450 from Rs 422, implying an upside of 29 percent.

Indraprastha Gas | CMP Rs 417.6 | Shares of Indraprastha Gas fell 2.66 percent after brokerage UBS downgraded the company to ‘sell’ and cut the target price to Rs 400 from Rs 630. The brokerage downgraded the scrip due to concerns over tepid volumes.

Pondy Oxides and Chemicals | CMP Rs 801.05 | The stock rose 10 percent and hit a 52-week high after the company signed a MoU with the Tamil Nadu government to set up a recycling and manufacturing plant.

Manappuram Finance | CMP Rs 168 | Shares of Manappuram Finance slumped 4.84 percent after the market regulator SEBI put on hold the public offer of subsidiary firm Asirvad Micro Finance. Asirvad Mirco Finance had filed DRHP with SEBI in October to raise Rs 1,500 crore.

Spicejet | CMP Rs 65.44 | Shares of Spicejet gained 5.21 percent ahead of the company’s annual general meeting. The airline plans to raise Rs 2,250 crore to aid its expansion and revitalisation.

KIOCL | CMP Rs 360.25 | Shares of KIOCL fell 2.54 percent after the company temporarily suspended operations at its Mangalore pellet plant unit due to non-availabity of iron ore fines.
The company had previously shut down the plant on December 12 for a week under similar circumstances.

Vedanta | CMP Rs 266.45 | Shares of Vedanta gained 2.32 percent even after Moody’s Investor Service downgraded the company’s corporate family rating (CFR) and senior unsecured bonds.