The 30-share pack Sensex shed 109.40 points or 0.18 per cent to close at 60,029.06. Its broader peer NSE Nifty declined 40.70 points or 0.23 per cent to 17,888.95. Broader markets outperformed and settled higher as the BSE midcap and smallcap indices gained up to a per cent each.
Logistics hit an upper circuit after a strong show in the September 2021 quarters. The expiry of a deal between PI industries and Ind Swift labs led to sharp movements. Chemical stocks were abuzz on poor earnings, affecting the share prices.
Let’s have a look at the biggest movers and shakers of Tuesday’s session:
GAINERS
Allcargo Logistics: The logistics player hit an upper circuit of 20 per cent to Rs 328.95 after it reported a consolidated net profit of Rs 228.01 crore in the quarter ended on September 30, 2021 as against a net profit of Rs 57.25 crore.
Tube Investments of India: The auto parts maker soared 16 per cent to Rs 1669.45 on the back of a strong technical setup. The daily traded volume jumped manifold compared to the two-week average.
Aarti Surfactants: The speciality chemical player zoomed 13 per cent after a sharp fall in the stock price of the company following its Q2 results. Traders anticipated some good news coming in and made a value buy.
Transport Corporation of India: The surface transport player advanced 11 percent to Rs 765 after the company announced its joint venture with MITSUI & Co Limited (MITSUI) through its subsidiary TCI Cold Chain Solutions Limited.
Ind-Swift Laboratories: The Pharmaceuticals player hit an upper circuit of 10 per cent to Rs 67.40 after the company terminated its business Transfer Agreement (BTA) agreement with PI Industries worth Rs Rs 1,530 crore.
Indiabulls Real Estate: The real player surged 9 per cent to Rs 176.65 amidst the strong buzz in the real estate shares on the back of strong Q2 sales data. Also, the company is likely to be acquired by the Embassy-Blackstone group soon.
LOSERS
Thirumalai Chemicals: The commodity chemical player tanked 9 per cent to Rs 258.30 after the company reported a disappointing set of numbers in the September 2021 quarters.
Savita Oil Technologies: The smallcap refinery player shed 8 per cent to Rs 1,288.05 after the company reported poor numbers in the September 2021 quarter on a sequential basis.
Bayer CropScience: The agrochemical player declined 7 per cent to Rs 4,655.85 after its net profit skidded 31 per cent to Rs 154.10 crore on a 1.2% decline in net sales to Rs 1,365.10 crore in September 2021 quarter.
PI Industries: The chemical player fell 7 per cent to Rs 2781.55 after the company’s agreement with Ind-Swift Laboratories worth Rs 1,530 crore was terminated.
Sequent Scientific: The pharma players gave up 6 per cent to Rs 175.60 after its net profit declined 39 per cent to Rs 14.30 crore in the quarter ended September 2021 as against Rs 23.49 crore during the previous quarter ended September 2020.
