However, the broader market outperformed the benchmark indices. Media stocks like Network18 and TV18 Broadcast shot up to 20 per cent, while
turned out to be the showstopper. continued to hit lower circuit limits.
Here is a look at the biggest movers and shakers of Thursday’s session:
TOP GAINERS OF THE DAY
Bajaj Finance: Shares of the largest NBFC of the country gained 7 per cent to Rs 6,087, following optimistic management comments on the company’s new digital transformation plans. The company management reiterated that the worst of the lockdown impact is behind and demand will pick strongly in June.
BF Utilities: The stock hit the upper circuit limit of 20 per cent at Rs 417.50. It gained 35 per cent in the last one week. Utility stocks have been witnessing strong buying as the opening up of the economy will boost the power demand in the country.
TV18 Broadcast, Network18: Media stocks rose amid expectations of better advertising revenue in the next quarter. Network 18 Media Investments ended the day at the upper circuit limit of 20 per cent at Rs 53.45, while TV18 Broadcast jumped 15 per cent to Rs 47.45.
Indiabulls Housing Finance: The NBFC has entered a strategic co-lending partnership with
to offer secured retail loans and secured MSME loans respectively at competitive rates. The stock gained 9 per cent to Rs 285.20 .
Accelya Solutions India: Shares of the IT consulting firm jumped up to 11 per cent to Rs 1206.60 . The company received a decent response from non-retail investors for the offer for sale (OFS). Accelya announced an OFS of 2.18 million shares, with a floor price set at Rs 910 per share.
TOP LOSERS OF THE DAY
PTC India Financial Services: Shares of the NBFC lost 6 per cent to end at Rs 19.25 after the company reported a consolidated net loss of Rs 53.66 crore for Q4 FY21 compared with a net profit of Rs 7.05 crore in Q4 FY20.
DHFL: Shares of the banrupt Dewan Housing Finance hit the lower circuit limit of 10 per cent at Rs 18.55 on Thursday. Investors are selling the stock as Piramal Capital & Housing Finance’s Resolution Plan for the company envisages extinguishing all the equity shares held by existing shareholders of DHFL without payment of any price to them.
Alkali Metals: Shares of the specialty chemicals firm tanked 6 per cent to close at Rs 73.15 as the company reported a net loss of Rs 1.52 crore for the quarter ended March 2021.
Cera Sanitaryware: Shares of Cera Sanitaryware retreated 4 per cent at Rs 4382.25 as the margins of the company got impacted during the quarter ended on March 31, 2021. Higher input costs of raw material limited the profit growth of the furnishing company.
Shankara Building Products: Net profit of the building material firm fell 2.04 per cent to Rs 11.07 crore and sales declined 3.75 per cent to Rs 642.25 crore in the quarter ended March 2021. The scrip shed 3 per cent to end Thursday’s session at Rs 443.95.
