Gainers and Losers: 10 stocks that moved the most on February 26

On February 26, the Sensex was down 352.67 points or 0.48 percent at 72,790.13, and the Nifty was down 90.70 points or 0.41 percent at 22,122.00. About 1715 shares advanced, 2113 shares declined, and 131 shares unchanged.

RITES | CMP Rs 778 | Shares of RITES gained 2.42 percent after IIT Bhubaneswar appointed the company as project management to develop a permanent campus in Odisha. The estimated project cost, including the PMC fees, is estimated at Rs 414 crore, excluding GST.

Vodafone Idea | CMP Rs 16.85 | Vodafone Idea stock fell 3.99 percent a day ahead of Aditya Birla group company’s board meeting to discuss proposal for a large capital fund raise.

Alkem Laboratories | CMP Rs 5,013 | Shares of Alkem Laboratories fell 7.53 percent after reports that the income tax department was investigating tax evasion by the company. Shares rebounded slightly after the company issued clarification and denying allegations of tax evasion.

Skipper | CMP Rs 366.5 | Skipper stock surged 3.62 percent after the company signed a Rs 737-crore contract with Power Grid Corporation of India. The power transmission & distribution structures manufacturer bagged the order for design, supply and construction of 765 kV transmission line project.

Medplus Health Services | CMP Rs 695.25 | Medplus Health Services stock closed 0.92 percent higher despite the company’s subsidiary received a suspension order from Drugs and Control Authorities of Mahabubnagar, Telangana.

Infibeam Avenues | CMP Rs 36.9 | Infibeam Avenues shares rallied 6.96 percent after the finanical technology company’s board approved acquisition of a 20 percent stake in the US-based XDuce Corporation.

Transformers and Rectifiers | CMP Rs 361.4 | Transformers and Rectifiers stock rose 5 percent and got locked in upper circuit after the company received Rs 232 crore order from Power Grid.

GE Power India | CMP Rs 317.1 | Shares of GE Power India rallied 7.33 percent after the company received a Rs 6.75 crore order from Tata Power for turbine generation.

Asian Paints | CMP Rs 2,868 | Asian Paint stock fell 3.95 percent after several brokerages downgraded the company after Grasim’s foray into the paints industry, anticipating strong competition.

BHEL | CMP Rs 227.85 | Shares of BHEL closed 0.76 percent lower after NSE and BSE each imposing a fine of Rs 5,42,800 for non-compliance with Regulation 17 (1) of SEBI (LODR) Regulations, 2015 about the composition of the board of directors as the number of independent directors is less than 50% of the actual strength of the BHEL’s Board.