The 30-share pack Sensex declined 586.66 points or 1.1 per cent to close at 52,553.40. Its broader peer NSE Nifty dipped 171 points or 1.07 per cent to 15,752.40. Broader markets outperformed, but ended the day in the red.
Newly listed players posted stellar gains despite a weak market. RPSG Ventures and Kitex continued their upward move, whereas
group stocks bled following reports on regulators probe. GTPL Hathway and L&T Finance were down after a poor Q1 show.
Here is a look at some of the biggest movers and shakers of Monday’s session:
TOP GAINERS OF THE DAY
GR Infra: The latest debutant of Dalal Street was listed at a premium of 103 per cent at Rs 1,700. The scrip closed at Rs 1,746.80, 109 per cent higher than the issue price.
RPSG Ventures: The Sanjeev Goenka group company gained 20 per cent to Rs 767.20. The counter has been on a high following a sharp up move in , in which it holds more than 50 per cent stake. It has gained more than 55 per cent in the last one month.
Indiabulls Real Estate: The realty counter jumped 11 per cent to Rs 159.30 on reports of its acquisition by the Embassy group. Also, real estate players have been on a high following strong updates from the companies.
Kitex Garments: The garment manufacturer has been in a tussle with Kerala’s state government as the company released documents alleging an MLA behind a series of sudden inspections. The company has announced to invest Rs 1,000 crore in Telangana. The scrip surged 9 per cent to Rs 190.30.
Dishman Carbogen Amcis: Shares of pharmaceutical firm jumped as much as 8 per cent to Rs 230 after veteran investor Mukul Agrawal increased his stake in the company.
Mangalam Cements: The cement maker gained 6 per cent to Rs 417.55 after the company reported a 189.42 per cent rise in net profit to Rs 39.94 crore in the quarter ended June 2021. Sales rose 57.14 per cent to Rs 355.48 crore in the quarter.
TOP LOSERS OF THE DAY
Clean Science & Technology: The latest debutant of the Dalal Street shed 11 per cent after listing. The scrip settled at Rs 1,585.20 on Monday as the investors booked profits in the company. It was listed at a premium of 98 per cent at Rs 1,784.40. The scrip was still 76 per cent higher than the issue price.
GTPL Hathway: The telecom services firm declined 7 per cent to Rs 185.05 on Monday after a flop show in June 2021. The company reported a total income of Rs 610.63 crores and a profit of Rs 47.46 crore in the quarter, which is up to 22 per cent lower than March 2021 quarter.
Sobha: The Bengaluru-based real estate firm shed 6 per cent to Rs 619 as investors booked profit in the company. The counter had gained over 30 per cent in the last one month led by a strong Q1 update.
Just Dial: The local search company fell 5 per cent to Rs 1,017.80 after Reliance Retail Ventures announced an open offer to acquire 26 per cent stake in the company at Rs 1,022.25 per share. RRVL announced an open offer for acquisition of up to 2,17,36,894 equity shares of Just Dial for a cash consideration of Rs 2,222.05 crore.
L&T Finance Holdings: The NBFC retreated 5 per cent to Rs 90.50 after June 2021 quarter. Despite a decent set of numbers, the NPA of the company moved northwards, which has concerned the investors.
Adani Group stocks: India’s securities regulator and customs authorities are investigating some Adani Group companies for non-compliance of rules, the government told parliament on Monday. Following this, Adani group stocks like Adani Total Gas, Adani Transmission, Adani Green and
fell between 3 and 5 per cent.
