Gainers and Losers: 10 stocks that moved the most on April 18 Hot Stocks admin April 18, 2024 0 62 11 minutes read Except BSE Telecom, all the sectors ended up in the red. BSE Small cap index closed 0.06 percent up while BSE Midcap fell 0.39 percent. On April 18, the Sensex was down 454.69 points or 0.62 percent at 72,488.99, and the Nifty was down 152.10 points or 0.69 percent at 21,995.80. About 2226 shares advanced, 1414 shares declined, and 141 shares unchanged. Bharti Airtel | CMP Rs 1,265.50 | Shares of Bharti Airtel gained 4 percent on expectations of higher than expected Tariff hikes. In a report released this week, IIFL Securities analysts said that they expect to see two rounds of tariff increase in the next three years, which could benefit all three telcos – Bharti Airtel, Vodafone Idea and Reliance Jio. Mastek | CMP Rs 2,801.60 | Mastek stock surged 8 percent after the company won a £1.2-billion UK digital and IT services supply order from British Defence Ministry. The project of the budget will be spread across a period of four years. Mastek has been assigned to provide solution, enterprise and tech architecture, data, innovation, tech assurance and knowledge and information management for the UK Ministry of Defence’s digital and professional services framework. Nestle India | CMP Rs 2,471 | Shares of Nestle India slumped nearly 3 percent after a report by Public Eye called out the FMCG major for adding sugar and honey to its best-selling infant milk and cereal products in developing countries like India but not in the European markets. Advertisement Advertisement Sterling Tools | CMP Rs 360.35 | Sterling Tools stock zoomed 7 percent after the company signed a pact with South Korea’s Yongin Electronics Co for electric vehicles component facility. Sterling Tools, the 2nd largest automotive fastener maker, has signed an MoU with South Korea’s Yongin Electronics Co., Ltd., a key supplier to Hyundai Kia Motor Group. This partnership aims to generate Rs. 250 crore in business over 5 years and boost EV and electronic component production in India. Brigade Enterprises | CMP Rs 1,040.20 | Shares of Brigade Enterprises jumped 4 percent after the company recorded pre-sales of Rs 2,243 crore in Q4 and Rs 6,013 crore in FY24, both being the highest ever for a quarter as well as full fiscal. The average realisation for FY24 grew 23 percent on-year, while collections across the group rose to Rs 5,915 crore in FY24, up from Rs 5,424 crore a year ago. Angel One | CMP Rs 2,790 | Angel One stock fell 2 percent despite the company reporting a 27.3 percent on-year (YoY) growth in net profit at Rs 340 crore for the quarter ended March 31. The company’s revenue from operations soared 64.3 percent over last year to Rs 1,357.2 crore. Tata Communications | CMP Rs 1,856.95 | Shares of Tata Communications declined 1.4 percent after the company reported a consolidated net profit of Rs 321.20 crore for the quarter ended March 31, 2024, falling 1.5 percent YoY. Advertisement Advertisement Power Grid | CMP Rs 281.30 | Power Grid stock gained 2 percent after company’s successful bid in tariff-based competitive bidding for establishing inter-State transmission systems. The bid for transmission projects in Rajasthan and Gujarat. They will handle evacuating power from specific areas in these regions. JSW Energy | CMP Rs 627.30 | Shares of JSW Eenergy rallied 4 percent after its subsidiary was awarded a claim for recovery from Tamil Nadu Generation and Distribution Corporation Limited (Tangedco). Arbitral Tribunal had issued an award to Ind-Barath Energy (Utkal) Limited (IBEUL), which is a subsidiary of their company, for for recovery of Rs 120 crore from TANGEDCO along with 9 percent interest from the date of wrongful encashment of performance bank guarantee by Tangedco till payment of the entire amount. Shilpa Medicare | CMP Rs 523.90 | Shilpa Medicare stock declined 3 percent even after the company received GMP Certification from Ages, Austria. The company’s Unit 4, Jadcherla, Telangana, India was inspected by AGES, Austria from January 22, 2024, until January 26, 2024 and after a successful inspection, the unit has been issued GMP Certification. Moneycontrol News Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated! `); } if (res.stay_updated) { $(“.stay-updated-ajax”).html(res.stay_updated); } } catch (error) { console.log(‘Error in video’, error); } } }) }, 8000); })