Biggest gainers & losers of the day: PNB Housing zooms 10%; Balkrishna Ind drops

The 30-share pack Sensex dropped 145.37 points or 0.25 per cent to 57,996.68. Its broader peer Nifty50 shed 30.25 points or 0.17 per cent to 17,322.20. Broader markets were mixed as the BSE Midcap index settled marginally lower and the BSE smallcap index rose.

Vinod Nair, Head of Research at Geojit Financial Services said, “Indian equities staged a rebound to recoup most of its losses in the mid-noon session on the back of de-escalating tensions along the Russia-Ukraine border. However, falling western markets prompted a quick sell-off during closing hours.”

Technocraft Industries rallied the most in Wednesday’s trade followed by Mirza International. PNB Housing shares were also high in demand. Balkrishna Industries, on the other hand, declined the most whereas DB Realty and Brightcomm Group hit lower circuits.

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


GAINERS

Technocraft Industries: The smallcap precision engineering player zoomed more than 13 per cent to Rs 895.35 as the company reported at 54 per cent rise in the net profit to Rs 106 and a 52 per cent jump in revenue to Rs 510 crore in December 2021 quarter.

Mirza International: The footwear maker rallied over 10 per cent to Rs 167.65. The scrip has been in demand off late, jumping more about 30 per cent in the last four sessions following strong set of numbers for the December quarter.

PNB Housing Finance: The housing finance player advanced 10 per cent to Rs 436 after the central bank gave more time to NBFCs to comply with its new rules for upgrade of non-performing assets (NPAs) to standard ones.

Reliance Infrastructure: The smallcap infra player gained 10 per cent to Rs 122.95 following the favourable direction from the Delhi High Court for the execution of an arbitral award of over Rs 4,600 crore.

Solara Active Pharma Sciences: The pharma player found some buyers at lower levels. The stocks rose 8 per cent to Rs 667.55. The scrip was badly hammered after a flop performance in the December 2021 quarter, dropping about 40 per cent in a week.

LOSERS

Balkrishna Industries: The tyre maker dropped about 6 per cent to Rs 2,002.80, extending its fall. The counter has dropped more than 20 per cent in the last one month, despite reporting a decent set of numbers for the December 21 quarter.

Prakash Pipes: The plastic pipes manufacturer tanked 6 per cent to Rs 143.45 on the back of weak technical set up on the daily charts. The daily traded volume of the counter jumped manifold during the session, compared to the two week average.

DB Realty: The smallcap real estate player hit the lower circuit of 5 per cent to Rs 119.20 on the back of profit booking. The scrip has risen more than 70 per cent in the last one month, which turned investors cautious.

Brightcom Group: The digital marketing company dropped another 5 per cent to Rs 141.90 on profit-taking. After delivering multibagger returns in the last six months, the stock has erased about 25 per cent of its value in the last few sessions.