Gainers and Losers: 10 stocks that moved the most on April 25
The equity benchmarks made a smart turn around from the day's low to close the April 25 session higher, clocking fifth straight day of gains. The Sensex closed 486.50 points, or 0.66 percent, higher at 74,339.44, and the Nifty was up 167.90 points, or 0.75 percent, at 22,570.30. About 1,976 shares advanced, 1,671 declined and 135 were unchanged. Nestle India | CMP Rs 2,562 | Nestle India surged over 2 percent after the FMCG giant reported better-than-expected earnings for the March quarter. The company’s standalone net profit was up 27 percent at Rs 934 crore from the year-ago quarter. The Maggi maker's revenue rose nine percent to Rs 5,268 crore. Brigade Enterprises | CMP Rs 1,039 | The Brigade Enterprises stock gained 1.8 percent after the company announced signing an agreement with IHG Hotels and Resorts to launch the InterContinental brand in Telangana with InterContinental Hyderabad Neopolis. The hotel will have 300 rooms with five dining options, two specialty restaurants, and a lobby lounge. Neogen Chemicals | CMP Rs 1,544 | Shares of Neogen Chemicals zoomed over 11 percent as Kotak Institutional Equities initiated coverage on the company with a ‘buy’ call and set a target price of Rs 1,840. Kotak sees Neogen as a credible growth story in India's specialty chemicals sector, thanks to its promoters led by PI’s former executive director Anurag Surana, a history of rapid growth driven by innovation, and strategic partnerships with Mitsubishi, and a clutch of other global clients. MAS Financial Services | CMP Rs 308 | The MAS Financial Services stock rose over 3 percent after the company reported strong earnings in the March quarter. The company’s consolidated net profit rose 23.3 percent on-year to Rs 69.4 crore and revenue by 24.1 percent YoY to Rs 345.8 crore. Axis Bank | CMP Rs 1,127.45 | Shares of Axis Bank jumped 6 percent after the private lender reported a strong set of fiscal fourth quarter earnings, prompting brokerages to retain their bullish stance. Jefferies shared a “buy” rating on the stock, with a target price of Rs 1,380 a share. The Q4 surprised positively as profit surpassed estimates by 13 percent, the brokerage said. RITES | CMP Rs 685 | RITES shares closed over a percent higher after the company signed an MoU with Damodar Valley Corporation for project management consultancy for rail infra works. Bharat Forge | CMP Rs 1,312 | Bharat Forge gained 7 percent on getting a double upgrade from Bank of America (BofA) Securities. The international brokerage now has a ‘buy’ call on the stock with a raised target price of Rs 1,450, implying an 18 percent upside from the previous closing price. Dalmia Bharat | CMP Rs 1,815.80 | Shares of Dalmia Bharat plunged 7 percent after the cement manufacturer recorded poor earnings for the fourth quarter. Dalmia Bharat reported a 47.5 percent decline in consolidated net profit at Rs 320 crore, compared to Rs 609 crore in the year-ago period. Kotak Mahindra Bank | CMP Rs 1,645 | The Kotak Mahindra Bank stock fell over 10 percent on April 25, a day after the Reserve Bank of India barred the bank from taking on new customers and issuing new credit cards through its digital channels. Indian Hotels | CMP Rs 577 | Shares of Indian Hotels declined after the company’s Q4 EBITDA missed the street estimates. The company’s EBITDA grew 23.2 percent to Rs 659.7 crore from Rs 535.5 crore in the year-ago period, while the EBITDA margin was at 34.6 percent compared to 33 percent. The company’s subsidiary performance was stable and overall robust but US operations remained weak.
2024-04-25T11:01:04Z
