NSE top gainers and losers: Biggest gainers & losers of the day: Supriya Life, Zomato, RateGain tank up to 18%; Hitachi rallies

The 30-share pack Sensex dropped 427.44 points or 0.72 per cent to close at 59,037.18. Its broader peer Nifty50 shed 139.85 points or 0.79 per cent to 17,617.15. The broader markets underperformed benchmark indices as BSE midcap and smallcap indices tanked 2 per cent each.

Yash Gupta, Equity Research Analyst, Angel One said, “We have seen a good selloff in the market this week on the back of global market clues and some profit booking before the budget. We expect the market to continue its volatility till the budget and suggest investors be cautious.”

The recently listed players remained under pressure during the session amid valuation concerns. Traders also booked profits in recent gainers. On the other hand, Energy gained on order win and Gokuldas Exports on strong show in Q3.

Let’s have a look at the biggest movers and shakers of Friday’s session:


LOSERS

Supriya Lifescience: The recently listed pharmaceuticals player tanked 18 per cent to Rs 465.80 on the back of profit booking following a strong performance in the December 2021 quarter. Its net profit rose 152.65 per cent YoY to Rs 39.64 crore in Q3FY22.

Zomato: This recent debutant dropped 9 per cent to Rs 113.75 amid valuation concerns and the company’s loss-making nature. The scrip has lost 17 per cent in the last four sessions and even breached its listing price.

Sasken Technologies: The IT player slumped 11 per cent to Rs 1,119.45 after its consolidated net profit fell 19.33 per cent to Rs 30.08 crore in the December 2021 quarter on a sequential basis.

Industries: The smallcap cement player dropped 9 per cent to Rs 69.25 on the back of profit booking in the counter following a sharp 31 per cent rise in the scrip in the last one month.

IFB Agro Industries: The breweries and distilleries player plunged 9 per cent to Rs 787.15 as the company is likely to invest Rs 40 crore in promoter group company IFB Refrigeration in one or more tranches, said media reports.

RateGain Travel Technologies: The recently listed SaaS player declined 7 per cent to Rs 431.55 amid profit booking on concerns over high valuations of recently listed stocks. The scrip had jumped about 40 per cent in the month of January so far.

GAINERS

Gokaldas Exports: The manufacturer and exporter of apparels hit the upper circuit of 10 per cent to Rs 410.65 as the company reported a 397.69 per cent rise in net profit to Rs 30.11 crore in the quarter ended December 2021.

Hitachi Energy India: The heavy electrical equipment player zoomed 7 per cent to Rs 3,029.90 as it won orders exceeding Rs 160 crore for its key electric components to support the electrification of the country’s rail routes.


Jamna Auto Industries: The auto parts maker rallied 7 per cent to Rs 113.55 on the back of a strong technical set-up on the daily charts. The traded volume of the company jumped manifold compared to the two-week average.