Gainers and Losers: 10 stocks that moved the most on October 6

The Sensex was up 364.06 points or 0.55 percent at 65,995.63, and the Nifty was up 107.75 points or 0.55 percent at 19,653.50. About 2,226 shares advanced, 1,302 shares declined, and 148 shares were unchanged.

IndiGo | CMP Rs 2,530| Shares of the airline major jumped over 2 percent after the company announced a fuel charge on domestic and international routes, effective October 6, to offset rising aviation turbine fuel (ATF) prices. ATF prices have soared in the last three months with consecutive hikes every month, India’s biggest airline said in a statement on October 5.

KPI Green Energy | CMP Rs 900 | Shares of the company gained over 1.5 percent after the company received new orders for executing solar power projects. The projects are scheduled to be completed in the financial year 2023-24, in various tranches as per the terms of the order.

Som Distilleries | CMP Rs 369 | Shares of the company slumped over 3 percent after the board of the alcoholic beverage maker approved a floor price of Rs 350 a share for a QIP. The board of Som Distilleries authorised the opening of the Issue as of October 5, 2023 and approved the floor price of Rs 349.24 a share, the company told exchanges.

BHEL | CMP Rs 129 | Shares of the PSU rose over 1 percent after the firm announced that it received two awards in arbitration proceedings against Jaiprakash Power Ventures Limited. In two different arbitration proceedings initiated by Bharat Heavy Electricals against Jaiprakash Power Ventures, “substantial” claims of BHEL have been awarded by the arbitral tribunal, the company has said.
The two proceedings related to an ESP contract for ‘2 x 660 MW Jaypee Nigrie Super Thermal Power Project’ and a BTG contract for ‘2 x 250 MW Bina Thermal Power Plant.

Mankind Pharma | CMP Rs 1,796 | Shares of the pharma major rose 1.09 percent despite the company informing exchanges about disruption of operations at its manufacturing facilities in Sikkim due to flash floods. In the past three months, the stock of the drug company has risen more than 2 percent against a 0.3 percent decline in the Sensex.

Vodafone Idea | CMP Rs 11 | Shares of the telecom major traded in red and slumped over 2 after the Department of Telecommunication dismissed the company’s representation and objections in respect of license fee demands of Rs. 1,749 crore and Rs. 1,524 crore for FY2015-16 and FY2016-17, respectively, in an order dated October 4.

Ujjivan Small Finance Bank | CMP Rs 60 | Shares darted up over 6 percent after a robust quarterly update marked by strong loan growth and improved asset quality. The lender’s total deposits grew 43 percent on year to Rs 29,134 crore in the July-September quarter, while sequentially, they were up 9 percent. Advances also rose 27 percent on year and 5 percent on quarter to Rs 26,600 crore.

Nykaa | CMP Rs 149 | Shares of the fashion retailer rose nearly 2 percent after the company announced robust performance in the September quarter across all verticals, including Nykaa Fashion. This performance comes against subdued discretionary consumption in the industry, attributed to a delayed festive season.

Kalyan Jewelers | CMP Rs 258 | Shares surged over 10 percent after it announced having recorded a 32 percent year-on-year (YoY) growth in revenue from its domestic operations for the recently concluded July-September quarter. The company at the same time reported having achieved 27 percent growth on a yearly basis in consolidated revenue, comprising sales from its operations in the Middle East as well.

Concord Biotech |CMP Rs 1,130  | Shares of the pharma major rose almost 4 percent after foreign brokerage firm Jefferies initiated ‘buy’ call on the stock. Jefferies remains bullish on the pharma company and believes its wide portfolio and adequate capacities would drive industry leading revenue growth and operating leverage. On that account, the firm rolled out a price target of Rs 1,260 for the stock, reflecting a 19 percent upside potential from Thursday’s closing price.