Gainers and Losers: 10 stocks that moved the most on February 16

On February 16, the Sensex rose 376.26 points or 0.52 percent at 72,426.64, and the Nifty was up 129.90 points or 0.59 percent at 22,040.70. About 2,126 shares advanced, 1,583 shares declined, and 87 shares were unchanged.

Natco Pharma | CMP Rs 1,015.6 | Shares of Natco Pharma zoomed 14 percent and hit a 52-week high two days after the company reported a three-fold rise in its net profit to Rs 212.7 crore, supported by strong revenue in the December quarter. The company’s revenue zoomed 54 percent on-year to Rs 758.6 crore.

Glenmark Pharma | CMP Rs 868.95 | Glenmark Pharma stock surged 7 percent as the company’s positive commentary cheered investors. The management expects its EBITDA to improve along with consistent improvement in margins in the coming quarter.

Tata Motors | CMP Rs 938.4 | Shares of Tata Motors gained 1.94 percent after the company launched multipurpose heavy-duty trucks in South Africa.

Mahindra and Mahindra | CMP Rs 1,838 | Mahindra and Mahindra stock jumped 4.13 percent after the company signed an agreement for Volkswagen components to be used in its electric vehicles. The two companies had signed a partnering deal and term sheet back in 2022.

IPCA Labs | CMP Rs 1,243 | IPCA Labs stock gained 7.87 percent after the company’s in-line Q3FY24 earnings. IPCA Labs reported a 66.8 percent on-year rise in consolidated net profit at Rs 179.88 crore in the December quarter. Its revenue came in at Rs 2,052.86 crore, up 32 percent YoY.

KPI Green Energy | CMP Rs 1,475.6 | KPI Green Energy stock got locked in a 5 percent upper circuit in the early trade on February 16 after the company’s subsidiary bagged a 1.5 MW solar power project.

Paytm | CMP Rs 341.3 | Shares of Paytm surged 5 percent and got locked in upper circuit even after the Enforcement Directorate reportedly questioned Paytm company executives and took submission of documents from them following the recent RBI action of barring Paytm Payments Bank Ltd (PPBL) from accepting deposits or top-ups in any customer account.

Yes Bank | CMP Rs 28.4 | Yes Bank stock fell 2 percent after Carlyle Group sold a 1.35 percent stake worth Rs 1,056 crore at an average price of Rs 27.1 apiece through the open market transaction.

Medplus Health Services | CMP Rs 688 | Shares of Medplus Health Services rallied 8.05 percent recovering from day’s loss, after the company’s subsidiary drug licence for a Mumbai store was suspended.

Data Patterns | CMP Rs 2,018 | Data Patterns stock gained 8.81 percent after a large deal worth Rs 1,100 crore changed hands in a block deal on February 16.The block deal also tipped off a spike in trading volumes as 61 lakh shares changed hands so far, sharply higher than the one-month daily traded average of 1 lakh shares.