Gainers & Losers: 10 stocks that moved the most on March 18

The benchmark indices ended on a positive note on March 18 on buying across sectors, barring IT and FMCG. After a negative start, the market remained in a range throughout the first half, while some selling was seen in the mid-session. The Sensex closed 0.14 percent higher at 72,748.42 and the Nifty ended the day at 22,056, up 0.15 percent. 

Tata Steel Ltd | CMP Rs 148 | The stock closed over 5 percent higher amid heavy volumes and multiple large deals. The upbeat sentiment also stemmed from China’s robust industrial output growth. Nearly 10 crore shares of Tata Steel were traded on March 18, more than double the last month’s average.

Torrent Power Ltd | CMP Rs 1,189 | The stock surged 3 percent after the company bagged a letter of award for setting up 300 MW win solar hybrid projects worth Rs 3,650 crore. These will be commissioned within 24 months from the power purchase agreement (PPA).

KPI Green Energy Ltd | CMP Rs 1,525 | Shares surged 5 percent after the company emerged as the successful bidder of the Maharashtra State Power Generation tender for the 100MWAC solar power project development. KPI Green participated in the EPC package with land to develop a 600 MW solar project at various locations in Maharashtra.

Tata Investment Corp Ltd | CMP Rs 7,172 | Shares of the company hit a 5 percent lower circuit. In the last five days, the stock has slumped almost 19 percent. Last week, a huge block deal took place and around 35 crore shares of the company changed hands, CNBC reported.

DroneAcharya Aerial Innovation Ltd | CMP Rs 146 |Shares of the company gained 5 percent after it secured a contract to supply IT hardware for the Indian Army’s drone lab in Jammu and Kashmir. The company has also bagged an order for the supply of Precision Mapping System from Earthtree Enviro.

Lupin Ltd | CMP Rs 1,616 | Shares of the pharma major slipped 1.5 percent in trade after the company received Form-483 with one observation for its Aurangabad facility. The United States Foods and Drugs Administration (US FDA) inspected the company’s manufacturing facility at Aurangabad from March 6 to March 15.

LIC Ltd | CMP Rs 904 | Shares slipped over 2 percent on plans to raise wages by around 17 percent for its over 1.1 lakh employees. On March 15, LIC announced that it has received approval from the government for a wage revision for its employees, effective from August 1, 2022. This announcement benefits over 110,000 employees.

Zomato Ltd | CMP Rs 158 | Shares of the food aggregator fell over 1 percent even as brokerage UBS reiterated its “buy” call on the Gurugram-based food-delivery platform. UBS has retained the target price at Rs 195, an upside of 22 percent from the previous session’s close.

Uno Minda Ltd | CMP Rs 637 | The stock surged over 4 percent after Kotak Institutional Equities upgraded its rating to ‘add’ from ‘sell’, suggesting that the recent correction and rising demand could help the company. Uno Minda is expected to maintain its outperformance compared to industry growth, benefitting from these favourable market dynamics.

Gensol Engineering Ltd | CMP Rs 799 | Shares of the company were up 5 percent and locked in the upper circuit after the company announced it completed a 160 MW solar installation in Bhavnagar, Gujarat worth Rs 128 crore for Continuum Green Energy.