Gainers and Losers: 10 shares that moved essentially the most on January 17

Recording the largest single-day fall within the final 1.5 years, the Sensex was down 1,628.01 factors or 2.23 p.c at 71,500.76, and the Nifty was down 460.30 factors or 2.09 p.c at 21,572.00.
About 1253 shares superior, 2413 shares declined, and 83 shares unchanged.

PTC Industries | CMP Rs 7,052 | Shares of PTC Industries gained practically 1 p.c after the corporate signed an settlement with France-based Dassault Aviation for the availability of titanium casting elements. Aerolloy Applied sciences, a subsidiary of PTC Industries, will produce the total vary of Titanium casting elements for the Rafale multirole fighter plane and the Falcon enterprise jet programme.

HDFC Financial institution | CMP Rs 1,542.15 | Shares of HDFC Financial institution plunged 8.16 p.c after its Q3 outcomes disenchanted the markets. Though Q3 internet earnings grew 33 p.c and met the expectations, it was powered by a one-time tax achieve. The financial institution’s internet curiosity revenue elevated by 24 p.c and missed the road estimates.

Eicher Motors | CMP Rs 3,746.25 | Shares of Eicher Motors fell 1.21 p.c and prolonged its losses for fourth straight session. CLSA downgraded the inventory to promote, reasoning it’s overvalued.

Bajaj Auto | CMP Rs 7,170 | Bajaj Auto inventory fell 1.7 p.c after home brokerage agency CLSA downgraded the inventory to ‘promote’ citing the inventory is overvalued and present valuations have priced in double-digit quantity development over the subsequent few years, which appears unlikely.

ICICI Lombard | CMP Rs 1,452 | Shares of ICICI Lombard gained 5 p.c after the corporate’s Q3 outcomes beat the market expectations. ICICI Lombard reported a internet premium revenue of Rs 4,690 crore, beating market expectations of Rs 4,376 crore. Its mixed ratio got here right down to 103.6 p.c in opposition to estimates of 104 p.c.

IREDA | CMP Rs 124.4 | IREDA inventory gained 5 p.c after the corporate introduced partnership with Indian Abroad Financial institution (IOB) to co-finance renewable vitality tasks in India. The inventory additionally hit its all time excessive value within the exchanges at present.

ICICI Securities | CMP Rs 772.65 | Shares of ICICI Securities fell 1.45 p.c regardless of the corporate introduced a 67 p.c YoY rise in internet earnings to Rs 465 crore in Q3FY24.

GMR Airports Infra | CMP Rs 83.4 | Shares of GMR Airports Infrastructure fell 1.13 p.c even after the corporate reported a 15 p.c YoY rise in passenger site visitors in December. Round 10.98 million passengers handed by means of the airports run by the corporate in Delhi, Hyderabad, Goa, Indonesia and the Philippines in December 2023.

PNC Infratech | CMP Rs 413.85 | Shares of PNC Infratech gained 2.15 p.c after the corporate gained a Rs 1174 crore highway mission in Madhya Pradesh. The corporate will assemble 41-km four-lane Western Bhopal Bypass together with a service highway within the Madhya Pradesh within the Hybrid Annuity Mode (HAM). The work must be achieved is 24 months, whereas the operation interval is 15 years after the development.

Adani Power Options | CMP Rs 1088 | Adani Power Options inventory fell 3.4 p.c after the corporate reported 2 million sensible meters contracts value Rs 2,300 crore in Q3. The corporate stated the transmission and sensible metering enterprise has maintained system availability of 99.67 p.c in Q3FY24 and added 302 ckms to the operational community throughout the quarter with a complete community at 20,422 ckms.