Gainers and Losers: 10 stocks that moved the most on February 20

On February 20, the Sensex was up 349.24 points or 0.48 percent at 73,057.40, and the Nifty was up 74.70 points or 0.34 percent at 22,197.00. About 1,661 shares advanced, 1,667 shares declined and 65 shares unchanged.

Marico | CMP Rs 536.55 | Shares of Marico gained 1.91 percent after the company considered a second interim dividend on February 27 for the fiscal year 2023-24.

PowerGrid | CMP Rs 288.4 | Power Grid stock surged 4.36 percent a day after the company’s board approved a Rs 656-crore investment for the implementation of electricity transmission projects in the country, and Bernstein initiated an ‘outperform’ view on the stock with a target of Rs 315.

CIE Automotive India | CMP Rs 474.5 | Shares of CIE Automotive declined 1.81 percent after the net profit for the December quarter fell 9.1 percent on-year to Rs 177 crore. Revenue from operations for the quarter fell 0.3 percent to Rs 2,240.4 crore compared to the year-ago period.

Zee Entertainment | CMP Rs 190.4 | Zee Entertainment stock zoomed 6.67 percent after reports said that Zee and Sony were working on another attempt to revive the mega merger deal.

Ramkrishna Forgings | CMP Rs 760 | Shares of Ramkrishna Forgings gained 1.84 percent after the company secured a contract worth $220 million in the North American market.

HDFC Bank | CMP Rs 1,453 | HDFC Bank stock rose 2.53 percent after Global brokerage firm Citi gave the bank a ‘buy’ rating with a target price of Rs 2,050. Citi analysts are betting on the lender’s robust and sustainable franchise, which is poised to fuel profitable growth in the future.

Kotak Mahindra Bank | CMP Rs 1,766.8 | Shares of Kotak Mahindra Bank soared 2.04 percent after the private sector lender announced key changes to its senior management team. KVS Manian has been re-designated as the bank’s joint managing director effective March 1, 2024. Currently, he is serving as the whole-time director and key managerial personnel.

Federal Bank | CMP Rs 154.8 | Federal Bank stock nosedived 5 percent after Kotak Mahindra Bank re-designated KVS Manian as the joint managing director. Federal Bank had reportedly shortlisted Manian to succeed Shyam Srinivasan as the MD and CEO of the bank.

Zaggle Prepaid | CMP Rs 288 | Shares of Zaggle Prepaid Ocean Services gained 13.52 percent after the company announced it had entered into an agreement with Easy Trip Planners Limited (EaseMyTrip) for three years.

Whirlpool of India | CMP Rs 1,282.35 | Whirlpool of India stock fell 3.67 percent after 3.2 crore shares, or 24.7 percent equity of Whirlpool of India, worth Rs 4,039 crore exchanged hands at an average of Rs 1,280 per share in the bourses.