Gainers and Losers: 10 stocks that gained the most on November 17

The market closed lower on November 17, as banking and NBFC names came under pressure after the RBI tightened rules for personal loans and credit cards, which will likely raise borrowing costs for consumers and hurt lender’s growth. The Sensex was down 187.75 points or 0.28 percent at 65,794.73, and the Nifty closed 33.40 points, or 0.17 percent, lower at 19,731.80. About 1,925 shares advanced, 1,670 declined and 123 remained unchanged.

Tata Investment Corporation | CMP Rs 3,908.9 | Shares of Tata Investment Corporation Ltd surged 20 percent to hit the upper circuit on account of value unlocking opportunity with Tata Technologies IPO, which opens for subscription on November 22. Tata Tech is a subsidiary of Tata Motors in which Tata Investment is a promoter group entity.

L&T Finance Holdings | CMP Rs 141.2 | L&T Finance Holdings fell over 5 percent after the Reserve Bank of India increased risk weight on consumer credit exposure of commercial banks and non-banking financial companies (NBFCs) by 25 percentage points to check the proliferation of unsecured loans.

Manappuram Finance | CMP Rs 154.45 | Manappuram Finance shares dipped 3.77 percent after the Reserve Bank of India slapped a fine of Rs 42.78 lakh on the NBFC.

RBL Bank | CMP Rs 235 | The stock closed 7.68 percent lower as RBL Bank was the hardest hit among the banking and NBFC names after the Reserve Bank of India (RBI) tightened the norms for personal loans and credit cards.

SJVN | CMP Rs 76 | Shares of SJVN jumped 1.06 percent after the company signed a power-purchase agreement with Solar Energy Corporation of India.

SBI Cards | CMP Rs 734.2 | SBI Card shares crashed 4.96 percent after RBI tightened the norms for personal loans and credit cards. SBI Cards could be one of the hardest hit as unsecured loans make up 100 percent of the company’s AUM.

TVS Motors | CMP Rs 1,752.75 | The stock rose 4.07 percent after the company announced an agreement with Zurich-based Emil Frey, a 100-year-old enterprise that is among the largest automobile importers and retailers in Europe, for import and distribution of its advanced two-wheelers in key European markets.

Brigade Enterprises | CMP Rs 746 | The share gained 4.39 percent on plans to develop 2 million square feet in Bengaluru. The gross development value of the plan is Rs 2,100 crore.

AGS Transact | CMP Rs 92.8 | Shares of AGS Transact Technologies gained 18.44 percent after the company won an order worth Rs 1,100 crore for deploying over 2,500 ATMs under the Outsourced/Managed Services portfolio for the State Bank of India (SBI).

JSW Infrastructure | CMP Rs 209.95 | JSW Infrastructure gained 3.53 percent after the company received a letter of award (LOA) for developing the Keni greenfield port in Karnataka. The work is  worth Rs 4,119 crore.