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    Biggest gainers & losers of the day: MAS Financial zooms 20%, Welspun Enterprises tanks

    Synopsis

    The 30-share pack Sensex plunged 770.31 points or 1.29 per cent to 58,788.02. Its broader peer Nifty50 tanked 219.80 points or 1.24 per cent to 17,560.20

    Biggest Gainers & LosersGetty Images
    New Delhi: Domestic equity markets remained under selling pressure on Thursday as benchmark indices ended lower. All major stocks succumbed to profit-booking. Weakness in global stocks too weighed on investor sentiment.

    The 30-share pack Sensex plunged 770.31 points or 1.29 per cent to 58,788.02. Its broader peer Nifty50 tanked 219.80 points or 1.24 per cent to 17,560.20. The broader markets outperformed but BSE midcap and smallcap indices also settled in red.

    S Ranganathan, Head of Research, LKP securities said, "Markets opened steady and drifted lower throughout the day only to close at the lowest point of the day on the back of stronger than expected inflation of over 5 per cent in the Euro Zone led by energy prices."

    In stock-specific action, market participants cheered players that had a strong show in December 2021 quarter, but punished those who failed to pull off a positive numbers in the lastest earnings season.

    Let's have a look at the biggest movers and shakers of Thursday's session:

    Gainers for the day:


    MAS Financial Services: The non-banking financial company hit an upper circuit of 20 per cent to Rs 565.70t he after the company reported a 13 per cent rise in the net profit at Rs 40.63 crore in the quarter ended December 2021 as against Rs 36 crore during the previous quarter ended December 2020.

    Himadri Speciality Chemical:
    The speciality chemical player zoomed 15 per cent to Rs 66.30 amidst the reports of higher lithium ion production in India, as announced in the budget, which will aid the company. It is the largest producer of advanced carbon material in India, used in auto batteries.

    Ambika Cotton Mills: The smallcap textile player surged 11 per cent to Rs 2,298.30 after the company reported a 146 per cent rise in the net profit to Rs 51.85 crore in the quarter ended December 2021 as against Rs 21.10 crore during the previous quarter ended December 2020.

    HT Media: The stock advanced 11 per cent to Rs 34.50 on the back of strong technical set up on the daily charts. The scrip has been on the gaining trajectory after reporting its December 2021 quarter earnings, gaining 25 per cent in the last five sessions.

    Zuari Agro Chemicals: The fertiliser player hit an upper circuit of 10 per cent to 132 as the company returned to black in Q3. It reported a net profit of Rs 29.65 crore in the quarter ended December 2021 as against net loss of Rs 46.36 crore in the same quarter previous year.

    Losers for the day:

    Welspun Enterprises: The diversified infra player with a presence in the road and water sector tanked 7 per cent to Rs 93.75 after the company reported a 79 per cent fall in the net profit of Rs 6.3 crore in Q3 FY22, which was Rs 30 crore in Q3 FY21.

    Spandana Sphoorty Financial: The microfinance lender and NBFC dropped 7 per cent to Rs 377.15 after the BSE sought clarification from the company over the sudden spurt in its price and volume.

    Nahar Polyfilms: The container and packaging player shed 6 per cent to Rs 378 ahead of its the results for the December 2021 quarter. The company is scheduled to announce the earnings for the quarter on Thursday, but did not announce them in the market hours.

    Godrej Properties: The real estate player slumped 6 per cent as it incorporated a wholly-owned subsidiary, viz., Godrej Living Private Limited (GLPL) on February 01, 2022. However, it reported a 171 per cent surge in its December quarter consolidated net profit to Rs 38.95 crore.

    Mahindra & Mahindra Financial Services: The NBFC plunged 5 per cent to Rs 160.10 as the company reported a poor show in the December 2021 quarter on a sequential basis. The company reported a net profit of Rs 992 crore in the third quarter, which was Rs 1,103 crore in the second quarter ended September 2021.





    (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


    (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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