Biggest gainers & losers of the day: Hindustan Oil surge 20%, Ind Swift Labs tank 15%

NEW DELHI: Domestic equity markets kicked off the month on a positive note. Positive global cues boosted the sentiments as benchmark indices registered gains. Buying in auto and IT counters supported the rally.

The 30-share pack Sensex climbed 363.79 points or 0.69 per cent to close at 52,950.63. Its broader peer NSE Nifty advanced 122.10 points or 0.77 per cent to 15,885.15. BSE midcap and smallcap index outperformed, rallying over a per cent each.

Among the stock-specific actions, companies bagging new deals stole the show. Hindustan Oil Exploration, Titagarh wagons, NCL Industries and others were on a high after signing new deals or acquiring a business. Smaller pharma and chemical players led the losers’ side.

TOP GAINERS OF THE DAY

Hindustan Oil Exploration: The oil and natural gas explorer hit upper circuit of 20 per cent to Rs 151.05 after the Chennai-based company claimed that the B80 block that it won during the first round of DSF has seen a tenfold rise in oil and gas reserves.

Bliss GVS Pharma: The pharmaceutical firm rallied 18 per cent to Rs 126.80 as the company reported a 50 per cent rise in net profit to Rs 24.25 crore in the quarter ended June 30, 2021. On a sequential basis, the net profit of the company tripled.

Titagarh Wagons: The commercial vehicle maker said its plant in Italy has rolled out the first train for Pune Metro coach out of the 34 trains. The company said it also managed to modernise its existing plant at Uttarpara where production of the first aluminum metro coach in India had started. Shares of the company settled at Rs 92.20, 16 per cent higher.

Privi Speciality Chemicals: The aroma chemicals company has been on roll since it announced setting up a joint venture with Switzerland's fragrance firm Givaudan for a greenfield production facility in Mahad. The scrip rose 13 per cent to Rs 1,803.05.

NCL Industries: The cement products firm gained 14 per cent to Rs 289.60 after the consortium of NCL Industries and NCL Buildtek received letters of acceptance of bids aggregating to Rs 1,863.19 crore from Andhra Pradesh State Housing Corporation (APSHCL).

PI Industries: The agrochemical firm gained 13 per cent to Rs 3,318.90 after it reported a 289 per cent jump in net profit to Rs 187.20 crore in June 2021 quarter. Also, the company said it is going to acquire the API business of Ind-Swift Laboratories for Rs 1,530 crore.

TOP LOSERS OF THE DAY

Ind Swift Laboratories: The pharmaceutical firm tanked 15 per cent to Rs 96.6 after the company announced slump sale of the Active Pharmaceuticals Ingredients (API) business division to PI Industries at an agreed enterprise value of Rs 1,530 crore.

Poddar Pigments: The specialty chemicals producer reported a net profit of Rs 4.72 crore in June 2021 quarter as against a net profit of Rs 10.9 crore in a year-ago quarter. Following a flop show in recently ended quarter, the scrip settled at Rs 374.10, 9 per cent lower.

Shiva Texyarn: The textile firm declined 7 per cent to Rs 225.10 ahead of its June 2021 quarter results. The company board will meet on August 9 to consider and approve the results for the quarter ended June 30, 2021.

Unichem Laboratories: The smallcap pharma firm shed 6 per cent to Rs 314.25 after a flop show in June 2021 quarter. The company's net loss widened to Rs 27.83 crore in Q1FY22 as against a net loss of Rs 7.54 crore in the year-ago quarter. In Q4FY2021, it reported a net profit of Rs 0.86 crore.

Pudumjee Paper Products: The paper counter fell 5 per cent to Rs 43.05 as the net profit of the company declined in June 2021 quarter to Rs 13.88 crore on a sequential basis. It reported a net profit of Rs 21.28 crore in March 2021 quarter.