construction stocks: Biggest gainers & losers of the day: Construction stocks surge; Allsec Tech bleeds most
The 30-share pack Sensex declined 354.89 points or 0.68 per cent to close at 52,198.51. Its broader peer NSE Nifty dipped 120.30 points or 0.76 per cent to 15,632.10. Broader markets underperformed as BSE midcap and smallcap indices dipped over a per cent each.
Among stock-specific actions, construction stocks, paint and cement sectors gained the most. Investors booked profits at those counters that have been on a high of late.
Here is a look at some of the biggest movers and shakers of Tuesday’s session:
TOP GAINERS OF THE DAY
Sona Comstar: The recently-listed auto parts firm gained 12 per cent to Rs 439.25 as the company joined hands with Israel’s IRP Nexus Group for a project that will manufacture new e-motor technology, and market it globally.
ACC: Shares of jumped as much as 7 per cent to Rs 2,308.55 after the company reported an over two-fold jump in consolidated net profit to Rs 569.45 crore in the second quarter ended June 2021.
Asian Paints: The paint maker surged 6 per cent to Rs 3,159.20 after a strong show in Q1. The BSE Sensex component reported a 160.2 per cent year-on-year rise in consolidated net profit to Rs 568.5 crore, while the company’s topline soared 91 per cent to Rs 5,585.4 crore.
Construction stocks: Shares related to construction were in strong demand led by the government’s focus on large-scale infra projects and affordable housing, coupled with a revival in industrial capex.
gained 13 per cent to Rs 328.60. and added 6 per cent each.
Zen Technologies: The defence company secured an export order of Rs 120 crore. Owing to a confidentiality agreement, the customer’s identity cannot be published due to the nature of the deal. It settled at Rs 100.30, up 6 per cent.
TOP LOSERS OF THE DAY
Allsec Technologies: The BPO/KPO firm slumped 12 per cent to 467.80 after the company reported consolidated net loss of Rs 7.97 crore in Q1FY22 compared with net profit of Rs 6.03 crore in Q1FY21.
DCM Shriram: The Delhi based-sugar, fertilisers, chloro-vinyl and bioseeds firm tanked 9 per cent to Rs 963.55. The company posted good numbers in the June 2021 quarter, but the performance remained flat on a sequential basis.
Alok Industries: The textile manufacturer slumped 7 per cent to Rs 25.45 after reporting a net loss in June 2021 quarter. The company reported a loss of Rs 92.44 crore in the quarter ended June 2021. Sales rose 254 per cent to Rs 1,223.07 crore in the quarter.
Angel Broking: The financial services fell 6 per cent to Rs 1,271.25 as investors booked profit in the recently-listed multibagger. The scrip has retreated about 15 per cent in just two sessions, after gaining about 500 per cent since listing.
Adani Stock: Adani Group stock hit lower circuit after the government said that Sebi and DRI are probing some Adani Group companies for alleged non-compliance with rules. Adani Transmission, Adani Green Energy, Adani Power and Adani Total Gas slipped 5 per cent each.
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