Gainers and Losers: 10 stocks that moved the most on April 9

Equity benchmarks hit record highs early on April 9 but failed to hold on to the gains and ended the day lower. The Sensex closed 58.80 points, or 0.08 percent, down at 74,683.70, and the Nifty 23.50 points, or 0.10 percent, at 22,642.80. About 1,465 shares advanced, 2,232 declined and 106 were unchanged.

Amara Raja Energy and Mobility | CMP Rs 895.9 | Shares of Amara Raja Energy and Mobility surged 3 percent, extending gains for the fourth consecutive session as the brokerages remain bullish on the company’s prospects in lead acid batteries. Sharekhan by BNP Paribas said, “We expect Amara to continue to outpace the organised lead-acid battery industry, led by client acquisitions, product launches, and benefit from its extensive distribution network”.

Infosys | CMP Rs 1,497.25 | The Infosys stock gained over 1.39 percent after BofA upgraded the IT services player to “buy” from “neutral”. The global brokerage raised the target price to Rs 1,785 from Rs 1,735 on attractive valuations, implying an 18 percent upside from current levels.

Ajmera Realty | CMP Rs 829 | Shares of Ajmera Realty advanced over 5 percent after the realty player announced it sales crossed Rs 1,000 crore in FY24. For the March quarter, Ajmera Realty saw the value of sales double to Rs 287 crore, up 104 percent from year-ago quarter. Collections for the quarter came in at Rs 197 crore, up 91 percent on-year.

JTL Industries | CMP Rs 222.5 | The JTL Industries stock gained more than 2 percent after the company acquired a controlling stake of 67 percent in Nabha Steels and Metals, based in Punjab’s Mandi Gobindgarh. The plant has a manufacturing capacity of 200,000 tonnes and produces steel products such as coils and long steel products like billets, the company said in a release.

Premiere Explosives | CMP Rs 1,978 | Shares of Premiere Explosives rallied over 17 percent, as the company plans to take up sub-division of its equity shares. A meeting of the board of directors of Premier Explosives is planned for April 19 to consider and approve a proposal of sub-division/split in the face value of equity shares of the company.

Container Corp | CMP Rs 921.15 | The Container Corporation stock gained over a percent after brokerage MOSL reiterated a ‘buy’ call on potential benefits from the dedicated freight corridor. According to the brokerage, Container Corporation (CONCOR) will be a key beneficiary of the dedicated freight corridor, which is likely to result in volume growth driven by a modal shift and enhanced operating efficiencies. The DFC connects Dadri to Mundra.

Bosch | CMP Rs 30,128 | Shares of Bosch plunged over 3 percent with high volumes. Two lakh shares exchanged hands against a monthly average of 38,000.

Gland Pharma | CMP Rs 1,807 | The Gland Pharma stock fell more than 2 percent after a Rs 1,590- crore block deal. Moneycontrol had reported a day earlier that two entities connected to the former promoter of the company Dr Ravi Penmetsa, Nicomac Machinery Private Ltd and RP Advisory Services Private Ltd, were looking to unload a 4.4 percent stake in the drugmaker.

Shree Renuka Sugars | CMP Rs 45.95 | Shares of Shree Renuka Sugars and other sugar stocks shot up in the last hour after a Bloomberg report said the government could divert more sugar to produce ethanol.

Tata Power | CMP Rs 430.5 | The Tata Power stock rose 3.4 percent with high volumes in the trading session. Four crore shares changed hands compared to the monthly average of two crore.