Gainers & Losers: 10 stocks that moved the most on August 11 – Moneycontrol.com

Nifty ended higher for the sixth consecutive day, and Sensex rallied for fourth straight session on August 11 with the help of buying witnessed in the banking and metal stocks. At close, Sensex was up 224.93 points, or 0.59%, at 38,407.01, and Nifty was up 52.30 points, or 0.46%, at 11,322.50. About 1,559 shares advanced, 1,146 shares declined, and 143 shares were unchanged. Here are 10 stocks that moved the most on August 11:

Titan Company | CMP: Rs 1,068 | The stock shed over 3 percent after the company reported a net standalone loss of Rs 270 crore for the quarter ended June 2020 as COVID-19 pandemic hit business. The company reported a profit of Rs 371 crore in the year-ago period. Standalone revenue during the quarter declined 62.3 percent year-on-year to Rs 1,862 crore compared to the corresponding period last fiscal. Morgan Stanley has maintained underweight call on the stock with a target of Rs 807 per share.

Axis Bank | CMP: Rs 448 | The stock jumped 4 percent after the bank raised Rs 10,000 crore via Qualified Institutions Placement (QIP) issue on August 10. A committee of Whole-Time Directors decided to close the issue on August 10, 2020 and accorded its consent for the issue of 238,038,560 equity shares of Rs 2 each of the bank at a price of Rs 420.10 per equity share.

Shree Cements | CMP: Rs 21,530 | The share price was down almost 4 percent after the cement maker reported a 13.5 percent fall in consolidated net profit at Rs 330.35 crore during the June quarter as against a profit of Rs 382 crore in the same period last year. Revenue was down 24 percent at Rs 2,480 crore, as against Rs 3,302 crore during the last financial year. The company’s total expenses fell by 25 percent at Rs 2,163 crore amid lower raw material costs. CLSA has reiterated a sell rating on the stock with a target at Rs 20,300 per share.

Indoco Remedies | CMP: Rs 261.55 | The stock price was up over 4 percent after the company’s consolidated net profit for June quarter was at Rs 17 crore against Rs 1.9 crore in a year ago period. Revenue was up 9.2 percent at Rs 275.9 crore against Rs 252.7 crore, reported CNBC-TV18.

Bosch | CMP: Rs 13,255 | The share price was down over 2 percent after the company posted consolidated net loss at Rs 121.5 crore in the quarter ended June 2020 against net profit at Rs 278 crore in a year ago period. The loss include one-time loss of Rs 197.8 crore. Revenue of the company was down 64 percent at Rs 991.5 crore against Rs 2,755.4 crore, reported CNBC-TV18.

Capacit’e Infraprojects | CMP: Rs 111 | The stock jumped 10 percent after the company reported consolidated net loss at Rs 43.1 crore against profit of Rs 23.6 crore YoY. Consolidated revenue went down 94.2 percent at Rs 23.7 crore against Rs 411.2 crore YoY.

Bank of Baroda | CMP: Rs 47.20 | The share price was down over 2 percent after the bank posted a net loss of Rs 864.3 crore for the June quarter 2020 due to provisioning on standard accounts. The bank’s profit was at Rs 709.6 crore in the corresponding period last fiscal. Net interest income during the quarter grew by 4.9 percent to Rs 6,816.1 crore, compared to Rs 6,496 crore in the same period last year.

Majesco | CMP: Rs 713.30 | The stock jumped 5 percent after the company reported 10.6 percent jump in revenue at USD 41.2 million in Q1FY21, compared to USD 37.3 million for the same period last fiscal year. Gross profit stood at USD 19.4 million compared to USD 19.9 million for the same period last fiscal year.

JSW Steel | CMP: Rs 254.85 | The share price was up 4 percent after the company’s crude steel production for the month of July 2020 stood at 12.46 lakh tonnes up 9 percent from June 2020. The average capacity utilisation during the month of July was at 83 percent as against 76 percent in June 20.

ICICI Bank | CMP: Rs 366.45 | The stock gained a percent after the bank set the floor price at Rs 351.36 per share for its proposed share sale to raise up to Rs 15,000 crore. Under the SEBI formula, the floor price for the proposed issue has been set at Rs 351.36. What this means is that investors looking to bid for ICICI Bank shares in the QIP will have to quote a price equal to or above Rs 351.36. The decision on the final price and allotment will be decided on August 14, CNBC-TV18 reported.