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    Biggest gainers and losers: Uflex rallies 20%, Kitex Garments sheds 8%

    Sensex fall
    The BSE midcap index ended lower whereas the smallcap gauge gained over half a per cent.
    NEW DELHI: Domestic equity benchmarks extended losses to a third straight session on Wednesday as fag-end selling in financial stocks weighed on Dalal Street. The rising cases of the delta variant of Covid-19 kept investors on the back foot.

    The S&P BSE Sensex index ended 66.96 points or 0.13 per cent lower at 52,482.71 and the broader NSE Nifty50 benchmark settled at 15,721.5, down 27.6.95 points or 0.17 per cent. The BSE midcap index ended lower whereas the smallcap gauge gained over half a per cent.

    Uflex and PNC Infra stole the show, gaining 20 per cent and 11 per cent, respectively. Kitex Garments shed 8 per cent.

    Here are the biggest movers and shakers of Wednesday's session:

    GAINERS
    VLS Finance: The financial services reported a net profit of Rs 102.88 crore in the March 2021 quarter, a rise of 34 per cent of Rs 76.83 crore in the same quarter previous year. The stock surged 20 per cent to Rs 195.05 on Wednesday.

    Uflex: The packaging materials company reported an over two-fold jump in consolidated net profit at Rs 264.95 crore for the fourth quarter ended March 2021. The company had posted a net profit of Rs 100.90 crore during the January-March period a year ago. The counter surged 20 per cent to Rs 572.50 on Wednesday.

    PNC Infra: The infrastructure firm gained 11 per cent to Rs 288.50 after the Q4 results. The company reported a 66.35 percent jump in net profit at Rs 150.36 crore in the quarter ended March 2021 from Rs 90.39 crore in the year-ago quarter. The brokerages have gone bullish over the company.

    IOB, Central Bank of India: The lenders gained ahead of a meeting of council of ministers later in the evening, in which disinvestment and privatization plan might be discussed as well. Indian Overseas Bank rallied 9 per cent to Rs 28.05, whereas Central Bank of India rallied 8 per cent to Rs 28.10.

    Tata Elxsi: The Tata group firm stated that increased hyper-digitisation and technology adoption across industries would open up growth avenues as it is well-placed to leverage given its strong capabilities. The counter settled at Rs 4,296.75, 7 per cent higher.

    LOSERS
    Kitex Garments: The world's second largest manufacturer of kids apparel announced to withdraw Rs 3,500 from Kerala alleging harassment by state government officials. Also, it reported a 49.3 per cent decline in the net profit Rs 9.73 crore in the March 2021 quarter. The counter shed 8 per cent to Rs 114.25.

    Gujarat Mineral Development Corporation: The miner reported consolidated net loss of Rs 184.63 crore for the quarter ended on March 31, 2021. However, the company had posted consolidated profit after tax of Rs 12.29 crore in the year-ago period. The counter shed 6 per cent to Rs 67.85.

    Triveni Engineering and Industries: The counter fell 5 per cent to Rs 192.95 as the net profit of the sugar maker declined 38.21 per cen to Rs 85.02 crore and sales slumped 22.35 per cent to Rs 1160.08 crore in the quarter ended March 2021.

    Adani Transmission, Adani Total Gas: The cash stocks of Adani Group are still facing the tough times after the reports of FPI account blockage. Adani Transmission and Adani Total Gas slipped 5 per cent each to Rs 1062.95 and Rs 1,019.75 respectively.

    KRBL: The rice producer declined 5 per cent to Rs 235.60 on Wednesday as the company posted tepid numbers in Q4FY21. The company reported a net profit of Rs 138.08 crore and sales of Rs 976.89 in the January-March quarter. Both sales and net profit declined up to 9 per cent.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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