Gainers and Losers: 10 stocks that moved the most on January 24

On January 24, the Sensex was up 689.76 points or 0.98 percent at 71,060.31, and the Nifty was up 215.20 points or 1.01 percent at 21,454.00. About 2,355 shares advanced, 1,302 shares declined and 85 shares remained unchanged.

Mahanagar Gas | CMP Rs 1,345.3 | Shares of Mahanagar Gas went up 2.51 percent after the company’s Q3 earnings beat the market estimates. The company’s net profits grew 84 percent YoY to Rs 172.07 crore due to lower gas costs.

REC | CMP Rs 468 | Shares of REC surged 7.65 percent after the state-owned firm reported a 13.6 percent increase in net profit to Rs 3,269.3 crore for Q3FY24.

Sona BLW | CMP Rs 585.9 | Shares of Sona BLW Precision Forgings gained 1.03 percent after the company’s Q3 net profits grew 24 percent YoY to Rs 113.6 crore.

CAMS | CMP Rs 2,733 | Shares of Computer Age Management Systems fell 0.25 percent a day after HDFC Bank reported it had sold 2 percent of its share capital.

JSW Energy | CMP Rs 488.7 | Shares of JSW Energy fell 3 percent intraday despite the company reporting a 24.36 percent increase in consolidated net profit powered by robust contribution from its thermal portfolio and merchant sales. However, the stock recovered from its losses and closed at 0.78 percent higher.

Karnataka Bank | CMP Rs 245.9 | Shares of Karnataka Bank fell 7.8 percent after the bank reported a decline in asset quality with the gross NPA up 17 basis points QoQ to 3.64 percent and net NPA was up 19 basis points QoQ to 1.55 percent in Q3FY24.

Tata Elxsi | CMP Rs 7,785 | Shares of Tata Elxsi fell 5.01 percent after the company’s Q3 results disappointed the markets. The company reported a 3.2 percent on-quarter and a 6 percent on-year growth in net profit at Rs 206.4 crore for the quarter ended December 2023.

SAIL | CMP Rs 114.9 | Shares of Steel Authority of India and other steel companies gained in the session after China announced a 0.5 percent cut in reserve requirement ratio to support their struggling economy. Steel stocks are expected to benefit as China is the largest consumer of metals in the world.

United Spirits | CMP Rs 1,108.3 | Shares of United Spirits closed flat and lost earlier gains of 3 percent after the company registered a 63 percent year-on-year (YoY) rise in net profit to Rs Rs 350.2 crore for the October-December quarter.

UFO Moviez | CMP Rs 137.6 | Shares of UFO Moviez gained 5.72 percent after the company entered into a partnership with TSR Films for advertising rights. This strategic collaboration grants UFO Moviez exclusive advertising screen rights across TSR’s extensive network of over 403 screens.