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Biggest gainers & losers of the day: Dish TV hits upper circuit, KEI sheds 4%

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Biggest gainers & losers of the day: Dish TV hits upper circuit, KEI sheds 4%

New Delhi: Despite a rangebound session, domestic equity markets were able to close higher, snapping the two-day losing streak. The benchmark indices gained ahead of an extended weekend. Traders remained cautious ahead of key policy decisions.

The 30-share pack Sensex gained 54.81 points or 0.09 per cent to close at 58,305.07. Its broader peer NSE Nifty added 19.90 points or 0.11 per cent to 17,373.40. Broader markets outperformed as BSE midcap and smallcap indices gained half a per cent each.

Dish TV was again in demand, hitting the upper circuit limit. Future Group companies were in demand after a relief from the Supreme Court. Among the losers, Alphageo witnessed profit booking, whereas SBI Life plunged due to the stake sale.

Here is a look at some of the biggest movers and shakers of Thursday’s session:

TOP GAINERS OF THE DAY

Dish TV: The broadcasting and cable TV player hit upper circuit of 20 per cent to Rs 17.95 on the back of strong technical outlook. The company has been in the limelight following the legal notice from YES Bank, in which the private lender has asked the company to remove five directors in the company.

Future Consumer: The future group firm advanced 14 per cent to Rs 8.07 following a major relief from the Supreme Court. It has directed NCLT, CCI and Sebi not to pass any final order relating to the case for four weeks.

KPR Mill: The textile player soared 13 per cent to Rs 2,273.80 on euphoria over the PLI scheme announced for the sector. The government approved Rs 10,683 crore PLI scheme for the textile sector.

Caplin Point Laboratories: The pharmaceutical firm surged 11 per cent to Rs 933.50 after its subsidiary was granted final approval from the USFDA for Labetalol Hydrochloride Injection USP.

UCO Bank: The state-owned lender gained 11 per cent to Rs 14.18 after the Reserve Bank of India removed it from Prompt Corrective Action Framework (PCA) following improvement in various parameters.

Ujjivan Financial Services: The NBFC gained 10 per cent to Rs 157.20 after the appointment of its new CEO. It has appointed Sanjeev Barnwal as the new CEO effective from September 10, 2021.

TOP LOSERS OF THE DAY

Alphageo (India): The oil & equipment services firm tanked 5 per cent to Rs 433.80 on the back of profit booking. Investors took some profit off the table after a sharp 30 per cent rise in the counter in the last one week.

McLeod Russel India: The beverage producer shed 5 per cent to Rs 29.60 as the NCLT gave its approval to withdraw the corporate insolvency resolution process (CIRP) against it after the promoters reached a settlement with Techno Electric & Engineering, one of its financial creditors.

RPP Infra Projects: The shares of infra player fell 4 per cent after the company board approved the rights issue to raise up to Rs 48 crore. The company board will meet again on Monday to consider the number of shares and price for the issue.

KEI Industries: The wire maker declined 4 per cent to Rs 793 on the back of poor technical setup and profit booking. The traded volume of the share on BSE jumped as much as 10 times than the two-week average.

SBI Life Insurance Company: The life Insurer retreated as much as 4 per cent to Rs 1172.80 following the reported stake sale worth Rs 2,274 crore by Canada Pension Plan Investment Board (CPPIB).

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