Gainers & Losers: Stocks that moved the most on July 8

The Indian stock market witnessed a volatile trading session on July 8, with the Nifty and Sensex closing flat, recovering most of their morning losses. The indices were affected by the performance of metal and bank stocks, while FMCG (Fast-Moving Consumer Goods) stocks attracted significant investor interest, making the FMCG index the top gainer of the day.

At the close of trading, the Sensex was down by 36.22 points, or 0.05 percent, at 79,960, while the Nifty 50 was down by 3.30 points, or 0.01 percent, at 24,320. A total of 1,572 shares advanced, 1,990 shares declined, and 91 shares remained unchanged.

Stocks that gained:

1. PC Jeweller: The company’s shares were locked in a 10 percent upper circuit after it received approval from Punjab National Bank (PNB) for its One Time Settlement (OTS) proposal. The CMP (Current Market Price) of the stock was Rs 56.16.
2. Ajmera Realty: The company’s shares surged by 8 percent earlier in the day, following strong sequential growth in operational numbers and a ‘5x growth strategy’ announced by the management. The CMP of the stock was Rs 748.
3. Adani Wilmar: The shares of the Adani Group firm rose by over 4 percent after it shared its business updates for the first quarter (Q1FY25).
4. Swan Energy: The company’s shares surged by 5 percent after a significant block deal of 1.22 million shares was executed on July 8, according to Bloomberg data. The CMP of the stock was Rs 692.60.
5. Railway: Stocks including RVNL, Ircon International, and IRFC surged up to 15 percent due to strong buying interest, following Railway Minister Ashwini Vaishnav’s statement that plans are underway to introduce 2,500 new general passenger coaches and 10,000 additional coaches.
6. Dabur: The company’s shares rose by over 4 percent after it shared a positive business update for the April-June quarter. Dabur anticipates mid to high single-digit growth in consolidated revenue for Q1FY25. The CMP of the stock was Rs 624.30.
7. Marico: The company’s shares surged by over 6 percent after it posted healthy business updates for the April-June quarter, with demand trends continuing on the growth path. The CMP of the stock was Rs 640.05.

Stocks that lost:

1. Titan: The stock fell by nearly 4 percent after it was downgraded by JPMorgan to ’neutral’ from ‘overweight’ rating, following the company’s June quarter business update. The CMP of the stock was Rs 3,160.45.
2. Bank of Baroda: The lender’s shares fell by 4 percent, dragged down by its weakest deposit and advances growth in 12 quarters, as well as a decline in deposits and advances on a sequential basis. The CMP of the stock was Rs 263.

These stocks were among the most active on July 8, with investors reacting to various business updates and announcements. It is essential for students preparing for competitive exams to stay informed about market trends and developments to make informed decisions.

Historical Context:

The Indian stock market has been experiencing volatility in recent times, with the Nifty and Sensex indices fluctuating due to various factors such as global economic trends, domestic policy decisions, and company-specific news. The Indian economy has been growing steadily, with the GDP growth rate increasing to 7.2% in the first quarter of 2022-23. The Reserve Bank of India (RBI) has been keeping a close eye on inflation, which has been rising due to various factors such as supply chain disruptions, global commodity prices, and domestic demand. The RBI has been taking measures to control inflation, including increasing interest rates.

In the context of the article, the Indian stock market witnessed a volatile trading session on July 8, with the Nifty and Sensex closing flat, recovering most of their morning losses. The indices were affected by the performance of metal and bank stocks, while FMCG stocks attracted significant investor interest, making the FMCG index the top gainer of the day.

Summary in Bullet Points:

Gainers:

• PC Jeweller: Received approval from Punjab National Bank for its One Time Settlement (OTS) proposal, resulting in a 10% upper circuit
• Ajmera Realty: Shares surged 8% due to strong sequential growth in operational numbers and a ‘5x growth strategy’ announced by the management
• Adani Wilmar: Shares rose 4% after sharing business updates for the first quarter (Q1FY25)
• Swan Energy: Shares surged 5% after a significant block deal of 1.22 million shares was executed
• Railway Stocks: RVNL, Ircon International, and IRFC surged up to 15% due to strong buying interest following Railway Minister Ashwini Vaishnav’s statement on introducing new coaches
• Dabur: Shares rose 4% after sharing a positive business update for the April-June quarter
• Marico: Shares surged 6% after posting healthy business updates for the April-June quarter

Losers:

• Titan: Shares fell 4% after being downgraded by JPMorgan to ’neutral’ from ‘overweight’ rating
• Bank of Baroda: Shares fell 4% due to weakest deposit and advances growth in 12 quarters and decline in deposits and advances on a sequential basis