Biggest gainers & losers of the day: NDTV flies high, Tega sees profit booking

The 30-share pack Sensex dropped 166.33 points or 0.29 per cent to close at 58,117.09. Its broader peer, the Nifty50, shed 43.35 points or 0.25 per cent to 17,324.90. The broader markets ended mixed as the BSE midcap index ended in red, whereas the BSE smallcap index gained marginally.

“Due to elevated levels of inflation and weak Asian markets, the domestic indices extended losses ahead of the US Fed policy announcement,” said Vinod Nair, Head of Research at Geojit Financial Services.

Among the gainers, NDTV’s dream run continued, and rallied on stock-split buzz. Ramky Infra was back in action after a hiatus. CreditAccess Grameen, Reliance Communication, and Tega Industries saw profit booking from investors.

Let’s have a look at the biggest movers and shakers of Tuesday’s session:

GAINERS:

New Delhi Television: The media and broadcasting player surged 20 per cent to Rs 133.50, its new 52-week high. It has rallied about 75 per cent in December so far after the company signed a Rs 750-crore deal with Taboola for 10 years.

Precision Wires India: The smallcap electrical equipment player zoomed 16 per cent to Rs 353.35 as the company announced to split its shares in 5:1 ratio and investors getting 5 equity shares with a face value of Re 1 each.

Ramky Infra: The small-cap construction and engineering player was back in demand after the previous day’s correction as the scrip rallied 12 per cent to Rs 218.85. It has gained over 40 per cent in the last one month.

Shriram EPC: The Shriram Group firm advanced 10 per cent to Rs 8.64 on the back of a strong technical set-up on the daily charts. The traded volume of the company jumped manifold compared to the two-week average. Also, the company was not in the merger scheme of the group.

LT Foods: The exports of Daawat basmati rice advanced 10 per cent to Rs 80.80 on the back of a strong technical set-up on charts. The traded volume of the company jumped manifold compared to the two-week average.

LOSERS:

CreditAccess Grameen: The microfinance lender tanked over 9 per cent to Rs 661.10 as investors booked profit in the counter. The scrip had rallied about 40 per cent in the last one week, and investors took some profit off the table.

Tega Industries: The recently listed player on bourses witnessed a strong profit booking on the second day. The scrip was listed at a premium of 68 per cent on Monday but shed 9 per cent to Rs 659.95.

Reliance Communication: The Anil Ambani-led telecom player dropped 9 per cent to Rs 3.60. The scrip was on a downfall for the last two sessions, following the two straight sessions of the upper circuit of 20 per cent each.

HFCL: The telecom gear maker declined 8 per cent to Rs 80.45 as the company successfully raised Rs 600 crore via qualified institutional placement from 21 investors, allocating 8,72,72,727 equity shares at Rs 68.75 per share.

Shriram Transport Finance: The NBFC gave up over 6 per cent to Rs 1,384.75 as two entities of Shriram Group — namely Shriram Capital and Shriram City Union Finance — will merge with it as a part of the restructuring plan.

Mirza International: The footwear maker fell 6 per cent to Rs 121.40 following the tepid response of the investors for the IPO of Rakesh Jhunjhunwala backed metro brands, which closes for subscription today.