Top 10 stocks that moved the most on June 9
At market close, the Sensex fell 223.01 points, or 0.35 percent, to 62,625.63 and the Nifty fell 71.10 points, or 0.38 percent, to 18,563.40. Approximately 1705 shares rose, 1727 shares fell, and 107 shares remained unchanged.
On June 9, benchmark indices in India closed lower for the second consecutive session. At market close, the Sensex fell 223.01 points, or 0.35 percent, to 62,625.63, while the Nifty fell 71.10 points, or 0.38 percent, to 18,563.40. Approximately 1,705 shares rose, 1,727 shares fell, and 107 shares remained unchanged. Consider the winners and losers of the day:
Spicejet | CMP Rs 28.72 | Shares of SpiceJet increased by 2.79 percent following the company’s announcement that it will receive ten Boeing 737 aircraft beginning in September. The airline has inked a lease for ten Boeing 737 aircraft, including five 737 Max models.
Paytm | CMP Rs 813.75 | Paytm One day after the Reserve Bank of India (RBI) approved the First Loss Default Guarantee (FLDG) programme, shares of One97 Communications, which operates Paytm, increased by more than 5 percent on June 9. Fintechs in the country use the FLDG to establish partnerships with banks and non-banking financial companies (NBFCs). It helps banks and NBFCs cover potential losses and instills confidence in them that fintechs comprehend credit risk. Under FLDG, fintechs assist banks and NBFCs in recovering losses incurred due to consumer payment defaults.
Brightcom | Current Market Price Rs 23.65 | Brightcom shares closed roughly 5 percent higher for the fourth consecutive day, translating to a 20 percent increase for the stock. Brightcom stated in a June 5 filing with the exchange, “We assure you that we are fully cooperating with Sebi, taking their observations seriously, and working diligently to address all of the issues raised in their show-cause notice.”
Sula Vineyards | CMP Rs 5.67 | The stock of India’s largest wine producer, Sula Vineyards Ltd, climbed nearly 10 percent intraday to a record high and closed over 5 percent higher, maintaining the upward trend for the third consecutive session.
Tata Teleservices | CMP Rs 79.55 | Tata Teleservices Tata Teleservices Ltd. stock rose by more than one percent, indicating its third consecutive day of gains. The counter had risen by more than 14 percent in the previous session on June 8, with unusually high volumes of 42.58 million shares on the NSE, compared to the average of less than 5 million shares for the previous month.
Schneider Electric Infrastructure | CMP Rs 242.05 | After announcing the resignation of Sanjay Sudhakaran, Managing Director and Chief Executive Officer of the heavy electrical equipment manufacturer Schneider Electric Infrastructure, the company’s stock declined by nearly 1 percent.
KPI Green Energy | CMP Rs 565.05 | After receiving commissioning certificates from the Gujarat Energy Development Agency (GEDA) for one of its initiatives, KPI Green Energy’s stock reached its 52-week high of Rs 575.35 and closed 5% higher.
Bhansali Engg Polymers| CMP Rs 137 | Shares of Bhansali Engg Polymers Ltd lost 13 percent in trading on June 9 as the stock went ex-dividend. It had declared a special dividend of 14 rupees and a final dividend of 1 rupee. The stock became ex-dividend today, and dividends are scheduled to be paid on July 19.
Zomato| CMP Rs 77.90 | Zomato stock surges more than 2 percent and reaches a new one-year high. The stock trades above its initial public offering price of Rs 76. Investors are purchasing the stock due to a number of favourable factors, including earnings growth and the recent addition of the stock by Chris Woods of Jefferies to two of his long-only portfolios with a weight of 4% each.
Gateway Distribution Centre| CMP 73.20 | On the morning of June 9, Gateway Distriparks Ltd announced that it had effectively operated a container train on the Western Dedicated Freight Corridor (DFC) from its Inland container depot (ICD) in Faridabad, Haryana to Mundra Port in Gujarat.
