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Stocks that moved the most on March 28: Gainers & Losers

March 28, 2022 05:50 PM

Stocks that moved the most on March 28: Gainers & Losers
At close, the Sensex was up 231.29 points, or 0.40%, at 57,593.49, and the Nifty was up 69 points, or 0.40%, at 17,222.

Indian equity benchmark ended at the day’s high in a highly volatile session on March 28, supported by the auto, bank, oil & gas and metal stocks. At close, the Sensex was up 231.29 points, or 0.40%, at 57,593.49, and the Nifty was up 69 points, or 0.40%, at 17,222.

In the broader markets, the BSE MidCap and SmallCap indices ended 0.3 per cent and 0.5 per cent lower, respectively.

BHARTIARTL, COALINDIA, AXISBANK, EICHERMOT and ICICIBANK were among the top Nifty Gainers. UPL, SBILIFE, NESTLEIND, HDFC and HDFCLIFE were among the big Losers.

Stocks and sectors

On the sectoral front, BSE Bankex and oil & gas indices gained a percent each, and auto and metal added 0.5 percent each. However, selling was seen in capital goods, IT and healthcare sectors.

The broader indices underperformed the benchmarks, with the BSE midcap and smallcap indices ending in the red.

A long build-up was seen in GNFC, PVR and Atul, while a short build-up was seen in the Container Corporation of India, Max Financial Services and Polycab India.

More than 150 stocks touched their 52-week high on the BSE. These include Usha Martin, Delta Corp, Tata Elxsi, Shoppers Stop and Adani Total Gas.

Among individual stocks, a volume spike of more than 400 percent was seen in Delta Corp, Balrampur Chini Mills and PI Industries.

Also Read : Stocks In the News: Wipro, GAIL India, PVR and INOX and others

Global markets

European stocks moved higher on Monday as investors continue monitoring developments in the war between Ukraine and Russia. The pan-European Stoxx 600 added 0.5 per cent in early trade, with insurance stocks climbing 1.3 per cent to lead gains as almost all sectors and major bourses entered positive territory.

On Wall Street, Dow Jones Futures were up 0.08 per cent while the Nasdaq Composite Futures dipped 0.3 per cent.

Earlier in Asia, Japan’s Nikkei slipped 0.7 per cent, Hong Kong’s Hang Seng added over 1 per cent, and China’s CSI300 fell 0.6 per cent.

Here are the top Gainers & Losers:

PVR, Inox Leisure: The PVR stocks price jumped over 3 percent and Inox 11 percent after the two companies announced a merger to create a cinema giant with more than 1,500 screens. The top multiplex players announced the merger deal after their boards on March 27 okayed an all-stocks amalgamation subject to the approval of shareholders, stock exchanges, market watchdog, and others.

Inox investors will receive PVR shares in exchange for shares in INOX at the approved swap ratio. After the merger, PVR promoters will have a 10.62 percent stake, while Inox promoters will own 16.66 percent of the combined entity.

Bharti Airtel: CMP: Rs 370: The share price jumped over 5 percent on March 28. The company said it would acquire 4.7 percent equity in Indus Towers from an affiliate of Vodafone Group Plc at Rs 187.88 a share with the transaction totalling Rs 2,388.06 crore.

The company also said it made Rs 8,815 crore part prepayment of deferred liabilities to the department of telecom on spectrum acquired in 2015 auction. The prepayment is for the instalments due in FY27 and FY28.

GAIL India: CMP: Rs 152: The stocks price gained 3 percent ahead of a board meeting in which a share buyback plan is to be taken up.

“The meeting of the board of directors of the company is scheduled on March 31 to consider and approve a buy back of the fully paid-up equity shares of the company,” the state-owned natural gas distribution firm said in its BSE filing on March 25.

In a buyback in 2021, GAIL bought back more than 6.97 crore shares, or 1.55 percent of the total paid-up equity, and the rice was fixed at Rs 150 a share. Recently, the company declared its second interim dividend of Rs 5 a share for the financial year 2021-22.

Aster DM Healthcare: CMP: Rs 199.10: The scrip spiked 10 percent after the company signed a memorandum of understanding (MoU) with Tamil Nadu to set up healthcare facilities.

The MoU proposes an investment of Rs 500 crore in hospitals, pharmacies and laboratories in the state.

Reliance Capital: CMP: Rs 14.90: The share jumped 5 percent after banking sources told CNBC-TV18 that over 50 suitors had submitted EoIs for Reliance Capital & its group businesses.

Banks, insurance companies, NBFCs, PEs, ARCs submitted EoIs for Reliance Capital. Piramal Fin, Bandhan Fin, IndusInd Intl, Yes Bank, ICICI Lombard, HDFC Ergo, Motilal Oswal submit EoIs for Reliance Capital.

Also, Poonawala Fin, Adani Finserve, ICICI Lombard, Tata AIG along with Nippon Life, Zurich Ins, Oaktree, Brookfield, Blackstone, KKR, TPG, Arpwood Partners, Capri Global have submitted EoIs for Reliance Capital.

Read More : Uma Exports IPO : Dates, Issue Price, GMP, Subscription, Share Analysis and Allotment

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ITC 253.75 1.83 1,26,68,576
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JSWSTEEL 728.65 1.55 42,75,780
TATACONSUM 776.30 1.36 21,46,724
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CIPLA 1,014.65 -1.39 12,17,592