Benchmark indices saw a lot of pain on December 9. At one point, Sensex was down over 600 points and finally closed 0.62 percent lower at 62,181, down 389 points. Nifty shed 112.70 points to end at 18,496. About 1199 shares advanced, 2220 shares declined, and 113 shares were unchanged. Here are the top 10 stocks that moved the most
Yes Bank | CMP: Rs 19.85 | The stock gained over 11.8 percent after the private sector lender on December 9 said it has received two letters from the Reserve Bank of India pertaining to its deals with CA Basque Investments and Verventa Holdings Limited. Now, the bank plans to engage with the investors to complete its fund raising.
Digispice Technologies | CMP: Rs 26.10 | The stock closed 9.6 percent lower after the company's chief executive officer tendered his resignation. He will be serving his notice period till 31 January, 2023.
V-Guard | CMP: Rs 259.80| The stock gained over 4 percent after the company signed definitive agreements for acquiring 100 percent stake in Sunflame Enterprises for a consideration of Rs 660 crore, on a cash-free, debt-free basis.
IDBI Bank | CMP: Rs 54.75 | The stock shed 5.6 percent after sources said that the timeline for receiving EoIs (expression of interest) for the bank's privatisation may be extended up to early January.
Som Distilleries | CMP: Rs 145 | The stock gained 2.65 percent after the board approved fund raise of Rs 49 crore via rights issue of shares. The company is also executing an expansion plan of Rs 100 crore for setting up a new canning facility and other utilities at Bhopal Plant and expanding brewing facility in Hasan plant.
Sun Pharma | CMP: Rs 993 | The stock gained 1.24 percent after brokerages said that impact of 'import alert' on Halol plant will have insignificant impact on revenue and profit. "US generics story stopped being material for company since 2019-20," noted Bernstein. It has an Outperform call on the stock with target at Rs 1099 per share.
Yes Bank | CMP: Rs 19.85 | The stock gained over 11.8 percent after the private sector lender on December 9 said it has received two letters from the Reserve Bank of India pertaining to its deals with CA Basque Investments and Verventa Holdings Limited. Now, the bank plans to engage with the investors to complete its fund raising.
Digispice Technologies | CMP: Rs 26.10 | The stock closed 9.6 percent lower after the company's chief executive officer tendered his resignation. He will be serving his notice period till 31 January, 2023.
V-Guard | CMP: Rs 259.80| The stock gained over 4 percent after the company signed definitive agreements for acquiring 100 percent stake in Sunflame Enterprises for a consideration of Rs 660 crore, on a cash-free, debt-free basis.
IDBI Bank | CMP: Rs 54.75 | The stock shed 5.6 percent after sources said that the timeline for receiving EoIs (expression of interest) for the bank's privatisation may be extended up to early January.
Som Distilleries | CMP: Rs 145 | The stock gained 2.65 percent after the board approved fund raise of Rs 49 crore via rights issue of shares. The company is also executing an expansion plan of Rs 100 crore for setting up a new canning facility and other utilities at Bhopal Plant and expanding brewing facility in Hasan plant.
Sun Pharma | CMP: Rs 993 | The stock gained 1.24 percent after brokerages said that impact of 'import alert' on Halol plant will have insignificant impact on revenue and profit. "US generics story stopped being material for company since 2019-20," noted Bernstein. It has an Outperform call on the stock with target at Rs 1099 per share.
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