New Delhi: The domestic equity market ended the week on a higher note, thanks to RBI’s promise of continued support for the market, which unleashed the bulls on Dalal Street. Reliance led from the front, whereas bank stocks gave up early gains.
The 30-share Sensex pack gained 381 points, or 0.64 per cent, to close at 60,059. Its broader peer Nifty50 advanced 104.85 points, or 0.59 per cent, to 17,895. BSE midcap and smallcap indices ended the week in the green.
Chambal Fertilizers was in focus of investors after its inclusion in F&O contracts from the next series. The Rakesh Jhunjhunwalal-backed Nazara Technologies also rallied, whereas
tanked after the announcement of demerger of its pharma businesses.
Let’s have a look at the biggest movers and shakers of Friday’s session:
TOP GAINERS:
Jaiprakash Power Ventures: The smallcap electric utilities hit upper circuit of 20 per cent to Rs 5.22 on the back of strong technical setup. The daily traded volume jumped manifold compared to the two week average.
PG Electroplast: The electronic and contract manufacturer has been under the radar of investors as the company has applied for PLI scheme and is likely to get approval soon. Its counter soared 19 per cent to Rs 489.70.
Chambal Fertilizers and Chemicals: The fertilizers maker advanced 16 per cent to Rs 434.50 after the exchange announced inclusion of these stocks in the futures & options (F&O) or derivative segment from October 29, 2021.
Nazara Technologies: The gaming and sports media player zoomed 15 per cent to Rs 3,110 as the company looks for a raising funds worth Rs 315.3 crore from the marquee and institutional investors via allotment of preferential shares.
Ashoka Buildcon: The road and highway maker jumped 13 per cent to Rs 116.45 on the back of strong technical set up on daily charts. Also, the company has been in demand amidst the aggressive stake buys recently.
Thomas Cook: The travel support and integrated travel services company has expanded its footprint in Gujarat with the launch of a new Gold Circle Partner franchise outlet in Surat. It advanced 12 per cent to Rs 79.70.
TOP LOSERS
Tribhovandas Bhimji Zaveri: The smallcap jewellery firm tanked 6 per cent to Rs 86.45 as investors booked profits in the company after a strong buying in the previous session.
Best Agrolife: The smallcap agrochemical player shed 5 per cent to Rs 932 after the announcement of board meeting outcome, in which the company approved the allotment of 16,12,674 equity shares at Rs 630 each for acquisition of 100 per cent stake of Best Crop Science.
Piramal Enterprises: The NBFC players declined 5 per cent to Rs 2,736.05 after the company announced to demerge its pharmaceuticals and NBFC business and create two separate listed entities.
IG Petrochemicals: The commodity chemicals player fell 5 per cent to Rs 920.65 after the BSE sought clarification from the company with reference to significant movement in price to safeguard the interest of the investors.
Srei Infrastructure Finance: The NBFC stock continued to hit lower circuit of 5 per cent to Rs 7.03 as RBI has superseded the company board due to governance concerns and defaults. It will initiate bankruptcy proceedings against the company.
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