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Biggest gainers and losers: GIC Housing soars 20%, Indian Bank slumps 6%

NEW DELHI: Domestic equity markets extended losses to a second straight session on Tuesday. Selling pressure seen in metal, financial and auto counters offset gains in select consumer and pharma shares. The coronavirus pandemic-related concerns have kept the global markets on the back foot, say analysts.

The S&P BSE Sensex ended 185.93 points or 0.35 per cent lower at 52,549.66 and the broader NSE Nifty50 benchmark settled at 15,748.45, down 66.25 points or 0.42 per cent. Broader markets also ended with cuts.

Among buzzing stocks,

and Tata group’s IT networking arm, , stole the thunder. However, PSU lenders like and IFCI bled the most.

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

GAINERS

GIC Housing Finance: The housing finance company soared 20 per cent to hit the upper circuit and settled at Rs 181.85. The company reported a 201 per cent rise in net profit to Rs 79.7 crore for the March quarter.

Nelco: Shares of the Tata group firm surged 17 per cent to Rs 380.30 on Tuesday. The company has been on a roar boasting a healthy balance sheet. it is likely to have benefitted from the recent announcement by the Finance Minister to provide an outlay of Rs 19,041 crore for broadband to villages under the Bharatnet model.

PNC Infra, : EPC companies were in focus ahead of the IPO of peer GR Infraprojects. Sadbhav Engineering gained 12 per cent to RS 89.45 whereas PNC Infrastructure rallied 6 per cent to Rs 259.90.

Sequent Scientific: The board of the pharmaceutical firm will meet on June 30 to consider the March quarter earnings. The company’s board may also recommend a dividend for shareholders. The counter gained 10 per cent to Rs 322.30.

Heritage Foods: The Hyderabad-based dairy product company gained on the back of new product launches. It entered the ready-to-eat segment with its tikka paneer and also expanded its yogurt footprint. The stock jumped 8 per cent to Rs 434.30.

LOSERS

Indian Bank: The PSU lender’s stock tanked 6 per cent to Rs 145. The shares allotted under qualified institutional placement (QIP) were listed, a regulatory filing said. Indian Bank raised a total of Rs 1,650 crore in the QIP, which were issued at Rs 142.15 apiece.

IFCI: The infrastructure term lender IFCI reported widening of its consolidated net loss to Rs 848.97 crore in the January-March quarter due to a fall in income and changes in its accounting policy. The counter settled at Rs 14.09 for the day, down 5 per cent.

Federal Mogul Goetze: The auto parts manufacturer shed 5 per cent to Rs 328. The company posted a net loss of Rs 5.73 crore for the March quarter. It had registered a net profit of Rs 2.25 crore for the corresponding period a year ago.

National Peroxide: The company reported a net loss of Rs 8.37 crore for the quarter ended March 31, 2021. It had posted a net profit of Rs 2.96 crore for the corresponding period a year ago. The counter shed 5 per cent to Rs 2,303.75.

Oil India: Shares of the oil exploration and production company slipped 4 per cent to Rs 156 as investors took some profit off the table. The counter has more than doubled in a secular rally in the last 15 months.

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