Biggest gainers & losers of the day: Excel Ind hits upper circuit, Kuantum slumps

New Delhi: Domestic bourses witnessed mayhem on Monday as bears gave Dalal Street a tight hug. Benchmark indices registered their biggest loss in the last 10 months. The selling trigger was the worsening Ukraine crisis with Russia.

The 30-share pack Sensex plunged 1,747.08 points or 3 per cent to 56,405.84. Its broader peer Nifty50 tanked 531.95 points or 3.06 per cent to 16,842.80. Wider markets tumbled as BSE midcap and smallcap indices shed 4 per cent each.

Vinod Nair, Head of Research at Geojit Financial Services said "increased tension between the US and Russia over Ukraine sent oil prices rising and forced investors to dump risky assets. Risk sentiment was further dampened ahead of the Fed’s emergency meeting which heightened fears of aggressive monetary tightening."

It was a bloodbath in the broader markets with a large number of stocks slipping more than 10 per cent. Kuantum Papers, Metropolis Healthcare, Globus Spirits and HLE Glasscoat shed 13-16 per cent each. Internet companies saw another round of knockout.

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

LOSERS OF THE DAY

Kuantum Papers: The smallcap paper player tanked 16 per cent to Rs 77 after the company reported 62 per cent drop in the net profit to Rs 4.03 crore in the December 2021 quarter on a sequential basis.

Metropolis Healthcare: The healthcare services player tumbled 15 per cent to Rs 2,053.30 as it reported a 30 per cent fall in consolidated net profit to Rs 41.2 crore despite a 7 per cent rise in total revenue from operations to Rs 293.1 crore in Q3 FY22.

Globus Spirits: The breweries and distilleries player dropped 14 per cent to 1,168.55 after the company reported a 20 per cent fall in the net profit to Rs 30.5 crore in the December 2021 quarter as against a net profit of Rs 38.16 crore in the same quarter previous year.

HLE Glasscoat: The equipment manufacturer and solution provider shed 14 per cent to Rs 5,440.20 after its net profit slashed 55 per cent to Rs 7.8 crore in the December 2021 quarter, as against a profit of Rs 17.2 crore in the same period previous year.

Mangalam Organics: Net profit of the smallcap commodity chemical player declined 49 per cent to Rs 15.12 crore in the quarter ended December 2021 as against Rs 29.68 crore during the previous quarter ended December 2020. The scrip settled at Rs 920.20, 13 per cent lower.

Jain Irrigation Systems: The diversified agricultural conglomerate slumped 13 per cent to Rs 39.35 as it reported a net loss of Rs 72.03 crore in the third quarter of current financial year. However, its net loss narrows on a year on year basis.

GAINERS OF THE DAY

Excel Industries: The smallcap speciality chemical player hit an upper circuit of 20 per cent to Rs 1,163.10 following its strong performance in the December 2021 quarter. The company reported a manifold jump in the net profit to Rs 78.15 crore.

Mirza International: The footwear brand reported a 173 per cent rise in the net profit to Rs 43.92 crore in the quarter ended December 2021 as against Rs 16.07 crore during the previous quarter ended December 2020. The scrip rallied 11 per cent to Rs 146.55.

New Delhi Television: The media firm has been high on spirits among the investors as it jumped over 45 per cent in the last five sessions following a strong performance in December 2021. On Monday, it gained 9 per cent to Rs 175.80

UFlex: The flexible packaging company advanced 8 per cent to Rs 551.30 after its net profit rose 96 per cent to Rs 313.21 crore on 63.46 per cent rise in net sales to Rs 3,387.76 crore in Q3 December 2021 over Q3 December 2020.