BSE Sensex shed 282.63 points or 0.54 per cent to end the session at 52,306.08. The NSE counterpart Nifty50 ended at 15,686.96, 85.5 points or 0.54 per cent lower. Broader markets, too, ended with cuts.
However, stock-specific action kept investors hooked in a volatile session.
and Timken India flexed muscles after solid performances in the March 2021 quarter results, whereas and PNB Gilts posted double digit cuts.
Here is a look at some of the biggest movers and shakers of Wednesday’s session:
TOP GAINERS OF THE DAY
Bharat Electronics: The state-owned aerospace and defence electronics company reported a 30.73 per cent rise in net profit to Rs 1,352.38 crore in the quarter ended March 2021. The counter settled at Rs 168.35 or 11 per cent higher.
Timken India: Shares of the industrial machinery firm surged 11 per cent to Rs 1,559 after a strong performance in the March 2021 quarter. The company reported a 42.3 per cent jump in net profit to Rs 52.93 crore, against Rs 37.18 crore in the same quarter previous year.
Venky’s, Godrej Agro: Shares of the animal feed companies have been trading higher as the demand for specific pathogen free (SPF) eggs has increased. These eggs are used for vaccination. Shares of Godrej Agrovet gained 10 per cent to Rs 632.45, whereas Venky’s India jumped 7 per cent to Rs 3,668.65.
IFCI: Shares of the financial firm soared as much as 8 per cent to Rs 15.98 ahead of the company’s board meeting. The board of the company is scheduled to meet on June 28, Monday, to consider and approve the results for the quarter ended on March 31, 2021.
Infibeam Avenues: The internet software and services firm soar on the buzz of inking a deal with IPO-bound Paytm. According to some media reports, the fintech unicorn is in exploratory talks with three payment gateway firms. The counter gained 8 per cent to Rs 55.05.
TOP LOSERS OF THE DAY
Dhanlaxmi Bank: The Kerala-headquartered bank shed 11 per cent to Rs 16.30. The bourses sought clarification from the bank over the sudden rise in the trade volumes. The lender told bourses that there is no pending information or announcement from the bank that has a bearing on the operation of the bank, which includes all price sensitive information, etc.
PNB Gilts: The financial services company tanked 10 per cent to Rs 79.95 after a poor performance in Q4FY21. The company reported a net loss of 14.14 crore in the quarter ended March 2021 as against net profit of Rs 99.01 crore during the same quarter previous year.
Indian Overseas Bank: The state-owned lender witnessed some profit booking on Wednesday. The scrip shed 5 per cent to Rs 23.55. On privatisation buzz, the counter has surged up to 45 per cent in just a month and 130 per cent in 2021 so far.
HCC: Shares of
(HCC) hit lower circuit and tanked 5 per cent to Rs 13.71 ahead of its results. The company did not announce its numbers during the market hours.
PNB Housing Finance: The lender is on a roller coaster ride since the announcement of Rs 4,000 deal with Carlyle Group. The NBFC tanked 5 per cent to Rs 700.60 amidst media reports that Punjab National Bank, controller of the company, is likely to have vetoed the mortgage lender’s fundraising plans.
