Motherson Sumi share price: Biggest gainers & losers of the day: Coastal Corp, GMDC hit upper circuit, Motherson Sumi plunges

New Delhi: Domestic equity markets ended Friday’s volatile session on a flat note, marginally lower. Benchmark indices snapped the 5-day winning streak. Feeble global cues led to a weak start however rebound in the select heavyweights helped the index to pare the losses.

The 30-share pack Sensex shed 12.27 points or 0.02 per cent to close at 61,223.03. Its broader peer Nifty50 dropped 2.05 points or 0.01 per cent to 18,255.75. The broader markets outperformed benchmark indices as BSE midcap and smallcap indices settled higher.

Vinod Nair, Head of Research at Geojit Financial Services said, “the Indian market opened on a weak note following nervousness in global markets, however, it managed to erase most of its losses to close flat, supported by positive trends in IT, Realty and Healthcare sectors.

Coastal Corporation continued to hit the upper circuit, along with Ruby Mills and GMDC. Paytm found some buyers at the lower levels. Among the losers, gained buzz ahead of demerger plans. Tata Teleservices and Sintex hit lower circuits of 5 per cent each.

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


Coastal Corporation: The aquaculture player continued to hit upper circuit for a straight second session as it zoomed 20 per cent to Rs 465.95. seafood companies have been high in demand lately. It has gained about 50 per cent in the last one week.

Ruby Mills: The microcap textiles player hit an upper circuit of 20 per cent to Rs 360.10 after the company has obtained renewed Occupation Certificate (OC) including for the upper floors of ‘The Ruby’ tower at Dadar, Mumbai.

Gujarat Mineral Development Corporation: The state-run coal player also hit an upper circuit of 20 per cent to Rs 111.90 on the back of expectation of improvement of the company’s performance, primarily due to the price hikes taken in the lignite division.

Triveni Turbine: The steam turbine player advanced 12.40 per cent to Rs 201.70 on the back of a strong technical setup on the daily charts. The traded volume of the counter jumped manifold compared to the two-week average.

Cosmo Films: The containers and packaging gained 10 per cent to Rs 1,722.20 as the company has planned a capital expenditure of Rs 100 crore in film and chemical business for next year.

One97 Communications: The parent company of Paytm added 8 per cent to Rs 1,118.35 as the payment player emerged as the biggest receiver of UPI amount with 926.17 million transactions, according to data released by NPCI.


Motherson Sumi Systems: The auto parts maker tanked over 21 per cent to Rs 185.55 on BSE ahead of the company’s record date for the demerger of its wiring harness undertaking. The record date for the scheme is fixed as Monday, January 17.

Sintex Plastics Technology: The plastic product maker continued to bleed and hit a lower circuit of 5 per cent to Rs 10.45 as the share price of the company is poised to become zero in the coming days ahead.

Tata Teleservices (Maharashtra): The shares of telecom arm of Tata Group have dropped another 5 per cent to Rs 249.60 as the government looks to convert its AGR dues into equity at very lower prices. The counter had zoomed over 2,500 per cent in the previous calendar, thanks to its turnaround story.

The IT player declined 4 per cent to Rs 4,545 on the back of profit booking after a strong show in Q3FY22. The company’s consolidated net profit rose 34 per cent to Rs 437.5 crore for the December 2021 quarter.

Tata Metaliks: The iron and metal player slumped 4 per cent to Rs 886 after the company reported a poor set of numbers in Q3 FY22. It reported a lower profit at Rs 35.65 crore in the December 2021 quarter against Rs 75.18 crore in the December 2020 quarter.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *