BSE Sensex made a full recovery from day’s lows to end 21 points or 0.04 percent higher at 52,344.45. Nifty50 extended the losing streak for the third session, shedding 8 points or 0.05 per cent 15,683.35 levels.
The broader markets underperformed. Among stock-specific action, the Adani Group stocks were under spotlight again as two of them gained, while the other three hit lower circuits. TCNS clothing soared 17 per cent, but
continued the downfall.
Here is a look at some of the biggest movers and shakers of Friday’s session:
TOP GAINERS OF THE DAY
TCNS Clothing: Shares of the clothing company jumped 17 per cent to Rs 635.70. The board of directors of TCNS Clothing will meet on Monday to consider and approve the standalone audited financial results for the quarter and year ended March 31, 2021. The earnings conference call will follow the meeting on the same day.
Somany Ceramics: The home furnishing company continued the rally on Friday as well, gaining 13 per cent to Rs 599.70 after a strong set of numbers for the March quarter. It reported a profit after tax of Rs 30.3 crore as against a loss of Rs 9 crore in Q4FY20.
Vodafone Idea: The telecom operator said it has set up a telecom tower in Parapatta Village, Kozhikode to serve the connectivity as well as online education needs of students in the area. With this, Vi has become the first Indian telco to service this area. The counter jumped 10 per cent to Rs 10.36.
Jammu & Kashmir Bank: The state-owned lender reported a net profit of nearly Rs 316 crore for the March 2021 quarter, and said it is the highest quarterly profit since March 2014. The scrip settled at Rs 32.80, up 9 per cent.
Adani Ports & : After a continuous meltdown throughout the week, the duo from Adani Group jumped higher. Adani Enterprises surged 9 per cent to Rs 1,487.85 and Adani Ports soared 7 per cent to 694.60 ahead of its investor’s call.
TOP LOSERS OF THE DAY
Nava Bharat Ventures: The ferro alloy manufacturer shed 8 per cent to settle at Rs 105.35. The company’s consolidated net profit slipped 14 per cent to Rs 159.4 crore and revenues declined 15 per cent to Rs 688.67 crore in the March 2021 quarter.
Indostar Capital Finance: The NBFC is planning to reduce its corporate loan book to less than 10 per cent of AUM. The net loss of the company stood at Rs 317.06 crore in the March 2021 quarter, as against a net loss of Rs 421.35 crore in the corresponding period a year ago. It settled 7 per cent lower at Rs 357.
Hindustan Copper: The copper miner fell 6 per cent to Rs 143.90. The copper prices in international markets have crashed to a two-month low. The sentiments are dented by the Chinese announcements to release reserves to stabilize prices. The board of the company will meet on June 25 to consider fund raising via QIP and debt.
Novartis India: The drugmaker tanked 6 per cent to Rs 815.45. Investors took some profits off the table after the decent results in the March 2021 quarter. The counter had risen over 35 per cent in the last one month.
Adani Group Stocks: The circuit bound Adani Group firms continued to fall.
, Adani Transmission and Adani Total Gas gave up 5 per cent each to settle at Rs 114.90, Rs 1235.90 and Rs 1258.10 respectively. These stocks are down up to 25 per cent in the week.
