Benchmark indices fell for a third straight session, with banks and financials weighing on sentiment ahead of the RBI policy. Several stocks saw sharp moves, including Easy Trip, Swiggy, Emmvee, Ashok Leyland, Bajaj Housing Finance and GRSE.
Gainers & Losers: Swiggy, Bajaj Housing Finance among 7 stocks in focus on Tuesday
Newmakers of D-Street
Benchmark indices on D-Street fell for the third day in a row, dragged by banks and financials ahead of the RBI policy outcome on Friday. The Nifty closed at 26,032.20, down 143.55 points (0.55%), while the BSE Sensex slipped 503.63 points or 0.59% to finish at 85,138.27. Here are 6 stocks that saw action today
Easy Trip Planners
Shares of Easy Trip Planners jumped 20% to hit a high of Rs 8.55 on the NSE. The reaction comes following the company's announcement of the ‘Winter Carnival Sale’, which is starting today. It offers customers discounts on flights, hotels and transport services.
Swiggy
Shares of Swiggy jumped 3.6% to hit a high of Rs 402.50 on the NSE before closing the session at Rs 397.50, up 2.28%. The surge came amid news that the Indian food deliverer is preparing to raise as much as Rs 10,000 crore from institutional investors as early as next week. The news was reported by ET, citing sources.
Emmvee Photovoltaic Power
Shares of Sunil Singhania-backed Emmvee Photovoltaic Power jumped 10% to hit the day's high of Rs 240.76 on the NSE following stellar September quarter earnings. The Q2 PAT soared 578% YoY to Rs 238 crore while revenue witnessed a 181% jump at Rs 1,131 crore.
Ashok Leyland
Ashok Leyland shares moved between the day's high and session's low amid a weak market today. The stock hit a fresh 52 week high of Rs 164.49 before dropping 3.5% to the bottom of Rs 158.90. The commercial vehicle maker posted a sharp jump in November sales on Monday that led to gains in the previous sessions and in the initial trade today. The closing was flat at Rs 160.30.
Bajaj Housing Finance
Shares of Bajaj Housing Finance today ended at Rs 97.15 on the NSE, falling by Rs 7.34 or 7.02% share. The stock also hit its 52-week low of Rs 95 reacting to a block deal in which the company’s promoter, Bajaj Finance, likely sold a 2.35% equity stake worth Rs 1,890 crore.
GRSE
Shares of Garden Reach Shipbuilders & Engineers (GRSE) fell 4.4% to end the session at Rs 2,614 on the NSE, witnessing its second successive fall. The selling pressure occurred amid a sell-off in PSU stocks and overall weakness in the broader markets.
HDFC Bank
Shares of HDFC Bank today recorded their third successive fall ending the session with over 1% cuts. The stock today closed at Rs 991.40, down by Rs 10.70 from Monday's closing price. It was the biggest drag for the benchmark indices due to the weight it carries in Nifty and Sensex. Sebi has asked NSE to cap the weights of the top three constituents of Nifty Bank.