Gainers & LosersStock Market

Gainers & Losers: Key Stock Movements on September 3

On September 3, the Nifty and Sensex ended their winning streaks, closing marginally lower after a mostly flat trading session. This halt came amid a lack of fresh catalysts from both domestic and global markets. Here’s a detailed look at the key stock movements for the day.


Market Overview

  • Nifty and Sensex Performance: The Sensex and Nifty saw a slight decline, breaking a 10-day and 13-day winning streak, respectively. The session was characterized by choppy and flat trading.

Top Gainers of the Day

  1. GMR Power & Urban Infra (CMP: Rs 141)
    • Movement: +5%
    • Highlights: The stock surged after Authum Investment & Infrastructure acquired a 1.2% stake at Rs 134 per share. B&K Securities also initiated a ‘buy’ coverage, forecasting a 37% upside potential.
  2. Apollo Pipes (CMP: Rs 653)
    • Movement: +10%
    • Highlights: The stock experienced significant gains amid high trading volumes, with around 1.6 million shares changing hands, far exceeding the average.
  3. Geojit Financial (CMP: Rs 157)
    • Movement: +15%
    • Highlights: The stock hit a record high due to robust trading volumes, marking its third consecutive gain, with a 20% increase over this period.
  4. FIEM Industries (CMP: Rs 1,620)
    • Movement: +5%
    • Highlights: The automotive lighting maker’s stock rose following a ‘Buy’ call from Kotak Securities, with a price target of Rs 2,140, nearly 40% above the previous close.
  5. Aadhar Housing Finance (CMP: Rs 419)
    • Movement: +7%
    • Highlights: The stock climbed after Kotak Securities issued a ‘buy’ coverage, setting a target price of Rs 550, indicating a 41% upside potential.
  6. Godrej Industries (CMP: Rs 1,211)
    • Movement: +14%
    • Highlights: The stock surged due to heavy trading volumes, reaching an all-time high with over 12 lakh shares exchanged.
  7. Kaynes Technology India (CMP: Rs 4,839)
    • Movement: +4%
    • Highlights: Shares increased following government approval of a Rs 3,300 crore chip proposal under the semiconductor scheme, which will boost the company’s chip production capacity.

Top Losers of the Day

  1. Adani Green Energy (CMP: Rs 1,897)
    • Movement: -2%
    • Highlights: Shares fell despite the announcement of a significant $444 million JV with TotalEnergies Renewables Singapore for renewable energy projects.
  2. Signature Global (CMP: Rs 1,410)
    • Movement: -6%
    • Highlights: The stock dropped after a large trade deal involving 57 lakh shares worth Rs 828 crore, causing a notable decline in share value.
  3. Shipping Stocks
    • Movement: -Varied
    • Highlights: Major shipyard companies like Mazagon Dock and Cochin Shipyard saw fluctuations as investors awaited the announcement of sizeable naval defence orders.

The stock market saw a mixed bag of performances on September 3, with notable gains in certain sectors while others experienced declines. Investors will be keeping an eye on future developments and market catalysts to gauge the direction of the markets.


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