Top 10 gainers and losers in BSE 500 index
5paisa Research Team
1st November 2021 - 03:55 pm
With the festive season around the corner, the economic activities have gained pace. The GST collections during the month of October stood at Rs 1.3 lakh crore, up by 24% YoY. This happens to be second highest collection made since implementation of GST, thus marking an economic recovery. While the automobile sector continues to face the brunt of semi-conductor shortages, India reached the 1 billion vaccinations milestone on 22 October, 2021. During this period, Sensex crossed the 60,000 mark and witnessed a correction thereafter. It went from 58,765.58 on 1 October to 59,306.93 on 29 October, delivering returns of 0.92%. Similarly, BSE 500 index moved up by 0.48% and touched 23990.09 on 29 October.
Let us have a look at the top 10 gainers in BSE 500 index.
|
Company Name |
Returns% |
|
Maharashtra Seamless Ltd. |
53.05 |
|
Tata Motors Ltd. |
45.12 |
|
Network 18 Media & Investments Ltd. |
42.3 |
|
Tanla Platforms Ltd. |
32.96 |
|
Tata Motors Ltd. - DVR Ordinary |
31.94 |
|
Shoppers Stop Ltd. |
31.24 |
|
Tata Power Company Ltd. |
30.84 |
|
Trident Ltd. |
29.08 |
|
Union Bank Of India |
27.02 |
|
Radico Khaitan Ltd. |
24.87 |
Tata Motors Ltd
On 12 October, the company informed that it entered into a binding agreement with TPG Rise Climate, for raising Rs 7,500 crore from the latter and its co-investor ADQ. These funds shall be invested in a subsidiary of Tata Motors that will be newly incorporated. The new company shall channelize the funds into electric vehicles, dedicated BEV platforms, advanced automotive technologies and will create a portfolio of 10 EVs. In October, the share price of the company went from Rs 333.35 on 1st October to Rs 483.75 on 29 October, delivering returns of 45.12% in a span of 1 month.
Tata Powers Ltd
On 5 October, the company informed that it entered into a strategic partnership with Tata Motors for driving the comprehensive implementation of Electric Vehicle Charging Infrastructure (EVCI) across India and deploying solar power technologies at TVS Motor locations. During the month, it also received EPC orders worth Rs 538 crore from Energy Efficiency Services Limited (EESL) for setting up 100 MW Multiple Distributed Ground Mounted Solar projects. The share price of Tata Powers Ltd went from Rs 163.75 on 1 October to Rs 214.25 on 29 October, delivering returns of 30.84% in a span of 1 month.
Trident Ltd
On 7 October, the company announced the launch of its website ‘myTrident.com’. This website features top quality products from the house of Trident group ranging from towels, bedsheets, paper, notebooks, bathrobes, rugs, cushions, etc. Moving forward, the company plans to make this website live for customers across the USA within next three months. Furthermore, the company commissioned a 7.6 MW Solar Power Plant at Budhni, Madhya Pradesh for captive use, which shall result in considerable savings for the company. The share price of Trident Ltd went from Rs 29.4 on 1 October to Rs 37.95 on 29th October, delivering returns of 29.08 per cent in a span of 1 month.
Let us have a look at the top 10 losers in BSE 500 index.
|
Company Name |
Returns% |
|
Balaji Amines Ltd. |
-23.94 |
|
PNB Housing Finance Ltd. |
-23.58 |
|
Solara Active Pharma Sciences Ltd. |
-22.42 |
|
Just Dial Ltd. |
-19.4 |
|
Vaibhav Global Ltd. |
-17.34 |
|
PCBL Ltd. |
-16.89 |
|
Laurus Labs Ltd. |
-16.61 |
|
Vodafone Idea Ltd. |
-16.23 |
|
Welspun India Ltd. |
-15.5 |
|
Bajaj Electricals Ltd. |
-15.3 |
Balaji Amines Ltd
At the start of the month, the company’s unit III dimethylformamide (DMF) plant experienced a breakdown owing to an undisclosed incident. While rectifying this breakdown, the company informed that it was also adding some debottlenecking activities to increase the plant’s capacity. The estimated time period for completion of this process was about two to three weeks, during which, the DMF plant was not operational. Furthermore, the company posted its Q2FY22 results. On a consolidated basis, its net revenue grew 86.18% YoY, while the PBIDT (ex OI) and PAT grew by 78.18% and 99.23% respectively. However, the company’s share price went down by 23.94%, from Rs 4550.05 on 1 October to Rs 3460.6 on 29 October.
Just Dial Ltd
On 20th October, Just Dial announced that Reliance Retail Ventures Ltd (RRVL) acquired a controlling stake in the company for a total consideration of Rs 5,719 crores. Post this transaction, RRVL now holds a 67% stake in the company and overall, promoter group shareholding stands at 77.7%. On the Q2FY22 results front, on a consolidated basis, the net revenue declined by 6.89% YoY to Rs 155.98 crore. The PBIDT (ex OI) went down by 64.32% YoY whereas the PAT went down by 30.48% YoY. On a monthly basis, the company’s share price went down by 19.4% from Rs 989.45 on 1 October to Rs 797.5 on 29 October.
Vodafone Idea Ltd
The company’s Board of Directors recently approved the exercise of the option of deferment of the company’s AGR related dues by a period of four years with effect from 29 October 2021. This decision is in accordance with the notification issued by the Department of Telecommunications (DoT) on 14th October 2021 to the company. During the month, the share price of the company went down by 16.23%, from Rs 11.4 on 1 October to Rs 9.55 on 29 October.
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Tanushree Jaiswal
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