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    Biggest gainers and losers: Mangalam Cement, Omaxe rally 15%; 4 Adani stocks fall 5%

    Synopsis

    Mangalam Cement and Omaxe stole the thunder during the session, rising up 15 per cent each.

    rising-stock-priceAgencies
    Investors booked some profits in Power Mech and India Glycols. Adani Group stocks continued to be hammered.
    NEW DELHI: Domestic equity indices snapped a four-day losing streak on Friday to end mildly higher. Despite the RBI's caution on bad loans, banking stocks showed signs of strength. The market awaited the US non-farm payroll data due later in the evening.

    The S&P BSE Sensex index gained 166 points or 0.32 per cent to 52,484.67. NSE Nifty50 settled 42.2 points or 0.27 per cent higher at 15,722.20. The BSE midcap index clocked a mild gain, but the smallcap index gained over a per cent.

    Mangalam Cement and Omaxe stole the thunder during the session, rising up 15 per cent each. However, investors booked some profits in Power Mech and India Glycols. Adani Group stocks continued to be hammered.

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

    GAINERS
    Mangalam Cement: The BK Birla Group subsidiary launched cement and clinker production operations at its Morak cement plant in Rajasthan. The company increased the plant's cement capacity. The expansions took Mangalam Cement’s total cement and clinker capacity to 4.4 metric tonnes per year. The scrip soared 15 per cent to Rs 363.30.

    Omaxe: Shares of the realty developer gained 14 per cent to Rs 92 on Friday. The real estate company turned profitable in the March 2021 quarter, reporting a profit of Rs 0.54 crore. It had reported a net loss of Rs 126.39 crore for the corresponding quarter last year.

    Indoco Remedies, JB Chemicals: The National Pharmaceuticals Pricing Authority gave its nod to increase the ceiling price of multiple drugs such as Carbamazepine, Ranitidine and Ibuprofen by giving a one time increase of 50 per cent from the current level. Indoco Remedies jumped 13 per cent to Rs 55.35 and JB Chemicals and Pharma rose 11 per cent to Rs 179.75.

    Jain Irrigation: The stock gained 10 per cent to Rs 31.35 on Friday after the plastic products company reported a sharp decline in its net profit for the quarter ended March 31. Its net loss stood at Rs 22.25 crore in the quarter ended March 2021, as against a net loss of Rs 228.26 crore in the year-ago period.

    HFCL: The company's board will meet on July 12 to consider and approve the unaudited results for the quarter ended June 30, 2021. The telecom gear manufacturer's stock settled at 72.50, up 9 per cent.

    LOSERS
    Power Mech Projects: The counter tanked 7 per cent to Rs 840 on Friday after surging 40 per cent in the last five sessions. The counter had been on a roll after the company bagged a Rs 9,300 crore project from a Coal India subsidiary.

    Adani Group: Adani Group stocks continued to hit their lower circuit limits. Adani Green Energy, Adani Total Gas, Adani Enterprises and Adani Transmission shed around 5 per cent each to Rs 1,008.70, Rs 920.40, Rs 1,422.10 and Rs 959.40, respectively. Adani Enterprises did not hit the circuit.

    India Glycols: The counter shed 5 per cent to Rs 710.15 on Friday as investors took some profits off the table. It had jumped 30 per cent in the last one week. India Glycols and Clariant had formed a JV, Clariant IGL Specialty Chemicals, on Thursday.

    JSW Energy: The counter slipped 4 per cent to Rs 168.15 after brokerages and analysts cornered the counter. They found its valuations overstretched. Many analysts gave a 'sell' rating on the stock.



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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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