Top market gainers: Biggest gainers & losers of the day: Greenply zooms 13%, SH Kelkar tanks 8%

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New Delhi: After a three-day beat down, domestic equity markets kicked off the new week on a strong note, thanks to positive macroeconomic data. The higher GST collections in October ahead of festive demand along with strong PMI print ignited the market bulls.

The 30-share pack Sensex advanced 832 points or 1.40 per cent to close at 60,138. Its broader peer NSE Nifty surged 258 points or 1.46 per cent to 17,930. Broader markets settled also higher as the BSE midcap index gained 2 per cent and smallcap index added a per cent.

Traders are also reacting to the earnings of India Inc in the September 2021 quarter. Good numbers are being rewarded, whereas flop shows are hit hard. Also, markets are expected to stay elated in the busy holiday week, which has only three trading sessions.

Let’s take a look at the biggest movers and shakers of Monday’s session:

Gainers of the day:

Greenply Industries: The wood products player zoomed 13 per cent to Rs 236.10 ahead of its board meeting scheduled on November 9, when the company will announce its earnings for the quarter ended on September 30, 2021.

Pricol: The auto parts maker soared 10 per cent to Rs 107.50 ahead of its quarterly earnings to be announced later today. The company will also host earnings calls with the analysts on Tuesday.

Nirlon: The commercial services player advanced 10 per cent to Rs 408.45 on the back of a strong technical setup. The traded volumes jumped manifold compared to the two-week average traded volumes.

Transport Corporation of India: The surface transport player added 10 per cent to Rs 690 after the rating agency ICRA assigned an ICRA A1+ rating to the commercial paper (CP) programme of the company worth Rs 225 crore.

Voltamp Transformers: The heavy electrical equipment player added 9 per cent to Rs 1,632.50 as its profit in the Q2FY22 jumped 21 per cent year-on-year to Rs 35.08 crore, against a net profit of Rs 29.80 crore in the same quarter previous fiscal.

Steel Authority of India: The domestic steel giant reported over a 10-fold jump in its consolidated net profit at Rs 4,338.75 crore for the second quarter ended September 30, 2021. It gained 9 per cent to Rs 125.25.

Losers of the day:

SH Kelkar and Company: The personal products player tanked 9 per cent to Rs 144.20 after the company announced a poor set of numbers in the September 2021 quarter. The company will also buy 29 lakh equity shares at Rs 210 each for an aggregate amount of Rs 60.90 crore.

Manappuram Finance: The gold loan provider shed 7 per cent to Rs 193.75 after the company announced to raise funds through borrowings including by way of issuance of various debt securities in onshore/offshore securities market by public issue, on a private placement basis or through issuing commercial papers.

Amber Enterprises India: The electronic goods maker gave up more than 5 per cent to Rs 3,134 after it reported a net loss of Rs 5.67 crore in the quarter ended September 2021 as against a net loss of Rs 8.60 crore in the same quarter the previous year.

Balaji Amines: The speciality chemicals player declined 5 per cent to Rs 3,292 as the company’s net profit fell 11.76 per cent to Rs 79.75 crore in the September 2021 quarter.

Cholamandalam Investment and Finance Company: The NBFC player gave up about 5 per cent despite a decent bottomline growth in the September 2021 quarter. The company’s revenue growth, however, was flattish.

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