Gainers & Losers: Key Stocks Movement on September 12

Indian benchmark indices Sensex and Nifty surged over 1.5 percent at the close of trading on September 12, hitting new all-time highs of 83,116 and 25,433, respectively. Sectors like auto, metal, and energy led the gains, tracking strong global cues.

Top Gainers of the Day

1. Minda Corp
   • CMP: Rs 537
   • Movement: Gained 2%
   • Details: Minda Corp’s stock rose as the company’s board approved raising Rs 1,000 crore via a preferential issue of shares or a Qualified Institutional Placement (QIP).
2. Varun Beverages
   • CMP: Rs 649
   • Movement: Gained 3.4%
   • Details: Shares of Varun Beverages surged after the stock began trading post its stock split. The stock has been gaining momentum for three out of the four trading sessions this week.
3. Zomato
   • CMP: Rs 283
   • Movement: Gained 4.3%
   • Details: Zomato hit an all-time high as UBS reaffirmed its ‘buy’ rating with a target price of Rs 320, driving investor interest.
4. Thermax
   • CMP: Rs 4,659
   • Movement: Gained 5%
   • Details: Thermax’s shares rose on news of a strategic partnership with Ceres Power, marking the company’s entry into electrolyser manufacturing and green hydrogen solutions.
5. Kalyan Jewellers
   • CMP: Rs 689
   • Movement: Gained 19%
   • Details: The stock hit a record high after global brokerage HSBC raised its price target, citing significant upside potential in the company’s ongoing growth journey.
6. Bajaj Auto
   • CMP: Rs 11,721
   • Movement: Gained 3%
   • Details: Shares climbed to a new record high after the Union Cabinet approved the PM E-Drive scheme, supporting electric vehicle adoption in India.
7. MTNL
   • CMP: Rs 56.51
   • Movement: Gained 5%
   • Details: MTNL shares hit the upper circuit as the telecom company announced a joint development pact with NBCC for a 13.88-acre land parcel in New Delhi.

Top Losers of the Day

1. Nykaa (FSN E-Commerce Ventures)
   • CMP: Rs 207.6
   • Movement: Fell 34% over three months, downgraded to ‘Sell’
   • Details: Nykaa’s shares declined after Kotak Institutional Equities downgraded the stock from ‘Add’ to ‘Sell’, following its sharp rise over the past three months.
2. Adani Ports
   • CMP: Rs 1,469
   • Movement: Gained slightly
   • Details: Shares rose after signing a concession agreement with Deendayal Port Authority to manage a 5.7 million tonne capacity terminal for handling clean cargo at Gujarat’s Kandla port.
3. Indian Energy Exchange (IEX)
   • CMP: Rs 217
   • Movement: Gained 3%
   • Details: IEX hit a 52-week high after Antique Broking raised its target price to Rs 262, backed by impressive double-digit volume growth in August 2024.

Tags: Stock Gainers, Stock Losers, Sensex, Nifty, September 12 Stocks, Market Update, Top Movers