Gainers and Losers: 10 stocks that moved the most on February 27

Gainers and Losers: 10 stocks that moved the most on February 27

The broader market ended mixed. The Nifty midcap 100 index declined 0.1 percent, while the Nifty smallcap 100 index gained 0.2 percent

The market snapped a two-day losing streak to end higher on February 27, helped by gains in heavyweights. The Sensex ended 305.09 points, or 0.42 percent, up  at 73,095.22, and the Nifty gained 76.30 points, or 0.34 percent, to close at 22,198.30. About 1,340 shares advanced, 1,968 declined and 72 were unchanged.

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TCS | CMP Rs 4,100.5 | Shares of TCS gained 2.49 percent after global brokerage firm UBS upgraded the stock to ‘buy’ from ‘neutral’ and raised the target price to Rs 4,700 from Rs 4,000. UBS expects TCS to lead with improvement in margins by F25. The stock is also at the lower end of its long-term trading valuation premium compared to its peers, it said.

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CMS Info Systems | CMP Rs 387 | CMS info Systems stock fell 2.52 percent after 4.2 crore shares changed hands through a block deal on February 27. CNBC Awaaz reported that promoter Sion likely sold its entire stake of 26.7 percent in the company.

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Havells India | CMP Rs 1,471.2 | Shares of Havells India surged 3.31 percent after Goldman Sachs upgraded the stock to “buy”, viewing the company’s cost control methods positively, including the strategic move to shift outsourcing to its manufacturing facilities.

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TVS Motors | CMP Rs 2,130.5 | The TVS Motors stock closed 1.46 percent lower after the company’s Singapore subsidiary VS Motor Pte acquired an additional 8,000 equity shares in Killwatt GmbH, a company based in Germany.

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MCX | CMP Rs 3,713 | Shares of MCX gained 1.35 percent after it signed a contract with Jakarta Futures Exchanges, the largest exchange in commodity and derivatives market in Indonesia.

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Cello World | CMP Rs 878 | Cello World stock zoomed 4.18 percent after Motilal Oswal initiated coverage on the company with a “buy” rating. The brokerage is positive on the company’s strong pan-India presence, deep distribution network and robust manufacturing facility.

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Happiest Minds | CMP Rs 870.5 | Shares of Happiest Minds Technologies have rallied 4.28 percent after it announced new vertical organisation structure comprising six new industry groups.

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Shriram Finance | CMP Rs 2,375 | Shriram Finance stock fell 4.43 percent with higher than usual trading volumes. As many as 42 lakh shares changed hands compared to the monthly average of 13 lakh.

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ICICI Lombard General Insurance | CMP Rs 1,728 | Shares of ICICI Lombard General Insurance surged 4.69 percent with high trading volumes. As many as 1 crore shares exchanged hands against the monthly average of 6 lakh.

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Coromandel International | CMP Rs 1,040 | Coromandel International stock fell 2.12 percent with higher than average trading volumes. Eight lakh shares exchanged hands compared to the weekly average of 3 lakh.

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