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    Biggest gainers & losers of the day: Power, auto ancillaries shine; Equitas sees profit booking

    Synopsis

    Among stock-specific action, power and auto component makers stole the show. Unlock theme, too, remained in the spotlight. However, investors took some profit off the table in stocks that gained in recent sessions.

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    Analysts said that ancillaries with high exposure to replacement channel (tyre, battery players) fared better in April-June quarter of FY22.
    New Delhi: Domestic equity markets ended the session on a high note, backed by firm global cues. Buoyancy in index heavyweights like RIL, ICICI Bank and HDFC twins lifted the markets higher. IT and pharma counters were among the laggards.

    The 30-share pack Sensex climbed 397.04 points or 0.76 per cent to close at 52,769.73. Its broader peer NSE Nifty rose 119.75 points or 0.76 per cent to 15,812.35. Midcap index ended flat, whereas smallcap index rose almost half a per cent.

    Among stock-specific action, power and auto component makers stole the show. Unlock theme, too, remained in the spotlight. However, investors took some profit off the table in stocks that gained in recent sessions.

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

    TOP GAINERS OF THE DAY

    Auto ancillary stocks: Rane Brake surged 20 per cent to Rs 1,114.25 and Atul Auto jumped 17 per cent to Rs 231.70. Rane Engine gained 13 per cent to Rs 363.85, whereas Minda Corp added 9 per cent to Rs 137.20. Analysts said that ancillaries with high exposure to replacement channel (tyre, battery players) fared better in April-June quarter of FY22.

    Mahindra Holidays & Resorts India: The hotel chain has been on a high as the economy unlocked and soared 11 per cent to Rs 328.45 as the company informed that its board will be meeting on July 29 to consider and approve the results for June 2020 quarter.

    Kitex Garments: The world's second largest manufacturer of kids apparel continued to hit upper circuit, following the company's intention to move to Telangana from Kerala. Kitex Garments has entered Telangana with an initial investment of Rs 1,000 crore. It settled at Rs 185.50.

    Power stocks: Shares of power companies remained in focus. Kalpataru Power Transmission gained 10 per cent to Rs 471.10, whereas Bharat Bijlee jumped 9 per cent to Rs 1464.

    Tanla Platforms: Shares of the cloud communication company were locked in the upper circuit after the company said it was considering a share buyback. It surged 5 per cent to Rs 930.55.

    TOP LOSERS OF THE DAY

    Equitas Holdings: Investors booked profit in the holding firm after a sharp 40 per cent rise in the last one week. The counter settled at Rs 128.55, 7 per cent lower.

    Aegis Logistics: The logistics firm announced that it has formed a joint venture with Vopak named Aegis Vopak Terminals for LPG and chemical terminals in India. However, the scrip declined 5 per cent to Rs 344.30.

    Info Edge (India): The homegrown internet conglomerate tanked 5 per cent just a day before the Zomato IPO. The issue opens on Wednesday for subscription. It will sell shares worth Rs 375 crore in the issue. The scrip settled at Rs 5,156.10.

    HFCL: The domestic telecom gearmaker shed 4 per cent to 85.80 even after the company's net profit jumped three folds to Rs 90.69 crore on a consolidated basis in the June quarter of the current fiscal year.



    (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 .)

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

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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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