Gainers and Losers: 10 stocks that moved the most on October 16

On October 16, the Sensex was down 115.81 points or 0.17 percent at 66,166.93, and the Nifty was down 19.30 points or 0.10 percent at 19,731.75. Let’s take a look at the 10 stocks that moved the most today. 

Pitti Engineering | CMP Rs 690.85 | Shares of Pitti Engineering rallied 7 percent after brokerage firm PhillipCapital initiated coverage on the stock with a ‘buy’ tag, seeing an upside potential of 36 percent from current levels. The stock also hit its all-time high price in the market today.

SpiceJet | CMP Rs 39.88 | Shares of low-cost carrier SpiceJet tanked over 8 percent after Rakesh Gangwal of IndiGo dismissed reports claiming that he is looking to acquire a stake in the debt-laden airline.

Skipper Ltd | CMP Rs 234.3 | Shares of Skipper Limited, a heavy electrical equipment maker, surged over 3 percent after the company said it won orders worth Rs 588 crore. The company said it won orders worth Rs 468 crore in the Domestic transmission and distribution (T&D) segment from Power Grid Corporation of India (PGCIL) and other customers. It also got business worth Rs 120 crore from international T&D businesses.

MCX | CMP Rs 2,186.25 | Shares of Multi Commodity Exchange of India (MCX) rallied more than 3.5 percent as trading began on the company’s new software platform. The stock also hit its all-time high on the bourses.

Gati | CMP Rs 162.6 | Shares of Gati skyrocketed 10.35 percent after volumes rose 18 percent year-on-year (YoY) in the July-September quarter of fiscal year 2023-24 (Q2FY24), as per the company’s business update.

Delta Corporation| CMP Rs 128.7 | Delta Corp Limited shares plunged 8.07 percent to hit a 52-week low, extending losses for the third session in a row after a subsidiary received a notice for payment of Rs 6,384 crore for shortfall in taxes.

Indian Bank | CMP Rs 430.25 | Public sector lender Indian Bank shares gained 3 percent after the bank declared non-performing assets (NPAs) worth Rs 24.76 crore as frauds and reported it to the RBI.

Venus Remedies | CMP Rs 273.1 | Shares of Venus Remedies surged 20 percent and hit upper circuit of 20 percent after the company received marketing approval from the Philippines, the second largest market in the Association of Southeast Asian Nations (ASEAN) bloc, for six key chemotherapy drugs.

Anant Raj | CMP Rs 238.55 | Shares of Anant Raj saw a 1.7 percent rise, reaching a new 52-week high after company’s initiation of two new projects, indicating positive developments within the organisation that contributed to investor confidence and a rise in share value.

Texmaco Rail & Engineering | CMP Rs 138 | Texmaco Rail and Engineering jumped 3 percent after the company reported 70 percent year-on-year (YoY) rise in consolidated net profit to Rs 20 crore in the September quarter of the current financial year.