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    Biggest gainers & losers of the day: Tasty Bites soars 11%, paper stocks tank 8%

    Synopsis

    Packaged food products and restaurants stocks made most of the buzz as the reopening theme boosted investors sentiments. Investors booked profits in paper stocks after a decent rally.

    bull-bear-gettyGetty Images
    After a decent rally, investors took some profit off the table in paper stocks.
    New Delhi: Domestic equity markets ended the day in deep red as slowing growth and profit booking weighed on investor sentiments. Meanwhile, Fitch slashed India’s FY22 GDP growth forecast to 10 per cent, but said the economy may revive if vaccination is rapid.

    The 30-share pack Sensex dropped 485.82 points or 0.92 per cent to close at 52,568.94. Its broader peer NSE Nifty climbed 151.75 points or 0.96 per cent to 15,727.90. Broader markets ended the day with minor cuts.

    Packaged food products and restaurants stocks made most of the buzz as the reopening theme boosted investors sentiments. Investors booked profits in paper stocks after a decent rally.

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

    TOP GAINERS OF THE DAY
    Tasty Bites Eatables: The smallcap packaged food product company hit a new 52-week high of Rs 20,800. The counter settled 11 per cent higher at Rs 20,040 as the company announced its board meeting on August 4 to consider and approve the results for June 2021 quarter.

    Speciality Restaurants: The restaurant company that owns and operates multiple chains of fine and casual dining restaurants and confectionaries jumped 11 per cent to Rs 70.65. The company gained traction as the restaurants are reopening in a phased manner in various states.

    Sobha: The real estate developer continued the rally on Thursday, surging 7 per cent to Rs 553.75 after the company provided an update on June 2021 quarter performance. The total sales value in the Q1FY22 was up by 40 per cent to Rs 682.9 crore, as against total sales of Rs 487.7 crore in the same quarter previous year.

    Coforge: The IT firm gained 6 per cent to Rs 4,496.90 on Thursday. The board of the company has approved plans to raise up to Rs 375 crore through various instruments.

    PNB Housing Finance: Shares of housing financer hit upper circuit in early trade after its promoter Punjab National Bank asked it to consider restructuring the proposed deal with the Carlyle group. The scrip ended the session at 720.55, up 5 per cent.

    TOP LOSERS OF THE DAY
    Paper stocks: After a decent rally, investors took some profit off the table in paper stocks. Pudumjee Paper Products and Shree Rama Newsprint tanked 8 per cent each to Rs 42.90 and 22.70 respectively.

    Reliance Communications: The Anil Ambani-led telecom firm tanked 5 per cent to Rs 3.04. The telecom operator has been on a downtrend since the Department of Telecommunications refused to renew its licence unless it clears its statutory dues of Rs 26,000 crore.

    Shree Renuka Sugars: The sugar producer recently became the most valuable sugar company of India. The scrip has been hitting lower circuits recently as investors are booking profits after market watchdog Sebi sought for clarification from the company. It settled at Rs 39.05, down 5 per cent.

    Ujjivan Small Finance Bank: The small finance lender shed 4 per cent to Rs 30.30 on Thursday after it provided a June 2021 quarter update. The loan book declined 7 per cent as compared to the same quarter previous year.



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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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