Biggest gainers & losers of the day: Godawari Power gains 20%, BHEL drops 12%

New Delhi: Domestic equity markets kicked off the new week with mild gains as the benchmark indices shrugged off the initial losses caused by the steep sell-off in Adani Group stocks.

The Nifty50 index ended 0.1 per cent or 12.5 points higher at 15,811.9, while the BSE Sensex closed at 52,551.5, up 0.2 per cent or 77 points. The 30-pack index recovered as much as 615 points from its day’s low. Both the indices ended the session at record highs.

The broader markets underperformed, but there was stock-specific action. Adani Group stocks tumbled up to 25 per cent before recovering. BHEL tanked 12 per cent, but Godawari Power and e-Clerx Services continued the winning streak.

Here is a look at some of the biggest movers and shakers of Monday's session:

TOP GAINERS OF THE DAY
Godawari Power and Ispat: The counter jumped 20 per cent to Rs 1,502.35 after the company board approved the proposal for divestment of its shareholding in Godawari Green Energy Limited, a material subsidiary of the company in the extraordinary general meeting held on June 12.

Marksans Pharma: The drug maker jumped 13 per cent to Rs 94.5 ahead of its board meeting on Tuesday. The board of directors of the pharma company will meet to consider and approve the issuance of convertible warrants on a preferential basis worth Rs 365 crore to OrbiMed Asia IV Mauritius.

Eclerx Services: The company has been on a roll after it posted robust net profit in the March 2021 quarter. The counter jumped 9 per cent to Rs 1,769.80 on Monday. Net profit of the company jumped 78.25 per cent in the March quarter to Rs 98.75 crore.

Care Ratings: The net profit of the rating agency rose 70.62 per cent to Rs 26.07 crore in the quarter ended March 2021 as against Rs 15.28 crore during the previous quarter ended March 2020. The counter jumped 5 per cent to Rs 630.80.

NBCC (India): The state-owned construction firm soared 5 per cent to Rs 57.35. The company is in the race to acquire Jaypee Infratech (JIL), assuring stuck homebuyers that its bid is concrete, fully backed by the government and that the PSU will complete over 20,000 pending flats on time as per the schedule.

TOP LOSERS OF THE DAY
Bharat Heavy Electricals: The state-owned engineering firm's consolidated net loss narrowed to Rs 1,036.32 crore in the March 2021 quarter and its revenues were below the Street's expectation. BHEL dropped 12 per cent to 67.35.

Adani Enterprises and Adani Ports: Adani group stocks nosedived after The Economic Times reported that the NSDL has frozen the accounts of three foreign portfolio investors who control a large chunk of the Group’s non-promoter shares. Adani Enterprises slipped 6 per cent to Rs 1,501.25, whereas Adani Ports declined 8 per cent to Rs 768.70.

DFM Foods: Shares of the packaged foods manufacturer tumbled 7 per cent to Rs 406.80 as company reported weak results on sequential basis and margins were affected due to Covid-19. The company reported a 90 per cent fall in net profit of Rs 0.9 crore in March 2021 quarter against a profit of Rs 9.48 crore in December 2020 quarter.

Parag Milk: The dairy firm reported a net loss of Rs 9.64 crore in the quarter ended March 31 2021 as against a net profit of Rs 10.11 crore during the previous quarter ended March 2020. The counter settled at Rs 138.20, down 6 per cent.

PNB Housing Finance: The housing finance firm ended the day at lower circuit after concerns of corporate governance and conflict of interest began to loom over. The majority of the board members of the company that decided to issue shares worth Rs 4,000 crore to the Carlyle Group have links to Carlyle. It closed 5 per cent down at Rs 776.85.