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

After closing flat for the previous two sessions, the market ended lower On November 9. The Sensex was down 143.41 points or 0.22 percent at 64,832.20 and the Nifty slipped 48.20 points or 0.25 percent at 19,395.30. About 1,636 shares advanced, 1,924 declined and 130 remained unchanged.

MTAR Technologies | CMP Rs 2,273 | MTAR Tech shares plunged nearly 11 percent after the company’s management trimmed revenue guidance for FY24 to Rs 670 crore-Rs 700 crore from Rs 830 crore-Rs 860 crore due to deferment of shipment plans against confirmed orders from the clean-energy sector.

PL Industries | CMP Rs 3,639.85 | The stock closed 1.7 percent higher after giving up some of the early gains. The company’s revenue rose 20 percent year-on-year (YoY) to Rs 2,116 crore in Q2FY24 driven by agro-chemical exports. Net profit, too, jumped 44 percent YoY to Rs 480 crore .

Shree Renuka Sugars | CMP Rs 49.8 | Shares of Shree Renuka Sugars went down 3.49 percent after the sugar manufacturer reported a net loss of Rs 205.6 crore for the September quarter.

Brigade Enterprises | CMP Rs 699 | Brigade Enterprises shares jumped over 7 percent a day after the real estate developer’s net profit jumped 72 percent on-year due to strong demand for housing projects. Revenue from real estate, its largest unit, rose 70 percent YoY. The stock, however, reversed most of its gains to close 0.62 percent higher from the previous day’s close.

Endurance Technologies | CMP Rs 1,622.1 | Shares of Endurance Technologies closed 5.95 percent lower even after the automotive component manufacturer’s consolidated total income rose 8 percent on-year in Q2FY24 led by Indian as well as European operations. Consolidated profit-after-tax (PAT), too, jumped 17.5 percent on-year to Rs 154 crore in the September-ended quarter.

Gujarat Alkalies | CMP Rs 720 | The stock slumped 3 percent after the company reported dismal earnings for Q2, largely bogged down by the weak demand environment plaguing the chemical sector.

Lupin | CMP Rs 1,204 |Lupin rose 2 percent to hit a 52-week high after the drugmaker’s net profit surged manifold to Rs 489.67 crore, sharply up from Rs 129.73 crore in the year-ago period. The jump in profit was aided by strong revenue, which grew over 20 percent on year to Rs 4,939.20 crore. The stock, however, squandered the gains to close 0.59 percent lower.

PFC | CMP Rs 277.2 | Shares of Power Finance Corporation rallied 5 percent a day after the state-owned lender posted a nearly 27 percent year-on-year increase in net profit for Q2FY24.

Bata India | CMP Rs 1,570 | Shares of Bata India dipped 2 percent earlier in day after the company reported a 38 percent decrease in its net profit for the second quarter (Q2) at Rs 34 crore, however, the stock managed to cut its losses to close 0.84 percent higher.

Oil India | CMP Rs 301.6 | Oil India share price fell 2.9 percent after the company reported a 70 percent decline in consolidated net profit at Rs 640 crore in the second quarter of FY 2023-24.