Market

Biggest gainers & losers of the day: Housing financiers roar; Vodafone Idea tanks 19%

NEW DELHI: Domestic equity markets continued their upward movement with benchmark indices scaling new lifetime highs. Strong corporate earnings and positive global cues lifted the sentiments higher. Banking and financial stocks were in demand.

The 30-share pack Sensex climbed 546.41 points or 1.02 per cent to close at 54,369.77. Its broader peer NSE Nifty advanced 128.05 points or 0.79 per cent to 16,258.80. BSE midcap and smallcap indices shed over a per cent each.

IIFL Wealth management saw a robust demand after record results, followed by a strong buying interest in housing finance firms. However,

continued to bleed for a second straight day.

TOP GAINERS FOR THE DAY

IIFL Wealth Management: The financial services firm surged 13 per cent to Rs 1,570.25 after the company reported its highest ever quarterly profit in the June 2021 quarter to Rs 116.85.

Panacea Biotec: The biotechnology firm hit an upper circuit of 10 per cent to Rs 346.80 on strong technical factors. Also, RDIF said that Sputnik V vaccine production in India will go fully on stream in September. Panacea Biotec is one of the manufacturers of the vaccine.

HG Infra Engineering: The construction and engineering company rallied 8 per cent to Rs 590.60 after the company reported a manifold jump in net profit to Rs 88.91 crore in June 2021 quarter from Rs 15.09 crore in the same quarter year ago.

Housing Financiers: Ahead of the IPO announcement of Aptus Value Housing, the home loan providers were much in demand.

gained 13 per cent to Rs 193.95, whereas HDFC advanced 5 per cent to Rs 2,675.75.

PNB Housing Finance: The housing finance player hit the buyers’ circuit of 5 per cent to Rs 720.45 after CCI okayed its deal with Carlyle and a strong show in June 2021 quarter. The net profit of the company almost doubled to Rs 243.28 crore on a sequential basis.

TOP LOSERS OF THE DAY

Alankit: The smallcap commercial services firm tanked 19 per cent to Rs 14.90 after technical indicators deteriorated for the counter. The volumes jumped over 8 times with 38.3 lakh shares exchanging hands.

Vodafone Idea: The debt-ridden telecom player nosedived 19 per cent to Rs 6.03 after reports suggested that Vodafone Group Plc has ruled out any further equity infusion in its joint venture in India. Indus Towers declined 7 per cent to Rs 207.30.

Care Ratings: The credit rating company reported a sharp 56 per cent fall on a sequential basis to Rs 11.55 crore in the net profit in June 2021 quarter. The counter shed 7 per cent to Rs 709.70.

Mahindra Logistics: The transportation firm declined 7 per cent to Rs 697.10 ahead of its analyst meet, which is scheduled on 5 August. This will be its second analysts meeting in a week.

Hindustan Oil Exploration: Investors booked profits in the exploration company after a sharp 40 per cent rise in just two days. The scrip settled at Rs 158.95, down 6 per cent.

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