Gainers & Losers: Top Indian Stocks That Moved the Most on September 5

On September 5, 2024, Indian equity markets extended their losing streak for the second consecutive day. The Sensex closed down by 0.18%, and the Nifty 50 fell by 0.21%. Despite the broader market downturn, several stocks stood out with notable movements. Here’s a look at the top gainers and losers from the trading session.

Top Gainers

1. Interglobe Aviation
   • CMP: ₹4,827
   • Movement: +1%
   • Details: Interglobe Aviation saw a rise of nearly 1% following Jefferies’ decision to maintain its ‘buy’ recommendation. The brokerage also raised the target price to ₹5,225, reflecting an 8.5% upside from the previous closing price.
2. PVR Inox
   • CMP: ₹1,581
   • Movement: +4%
   • Details: PVR Inox surged nearly 4%, marking its third consecutive gain. The uptick was driven by positive sentiment surrounding the company’s recent box office successes.
3. Century Textiles
   • CMP: ₹2,360
   • Movement: +1.5%
   • Details: The stock gained approximately 1.5% after Century Textiles issued a ₹400 crore corporate guarantee for a land acquisition involving Hindalco Industries.
4. AU Small Finance Bank
   • CMP: ₹702
   • Movement: +2%
   • Details: Shares of AU Small Finance Bank rose 2% following the bank’s application to transition from a small finance bank to a universal bank. Goldman Sachs initiated a ‘buy’ rating with a target price of ₹831, suggesting a potential upside of over 20%.
5. Chola Finance
   • CMP: ₹1,821
   • Movement: +5%
   • Details: Chola Finance surged more than 5%, hitting an all-time high of ₹1,797. Goldman Sachs’ ‘buy’ call and positive earnings growth outlook contributed to the stock’s rise.
6. Linde India
   • CMP: ₹7,439
   • Movement: +3%
   • Details: Linde India rose over 3% after announcing an agreement with Tata Steel to acquire industrial gas supply assets, including two 1800 tpd Air Separation Units (ASUs).
7. Goldiam International
   • CMP: ₹388
   • Movement: +1%
   • Details: The stock hit a 52-week high of ₹355, rising 1% after securing export orders worth ₹70 crores from a US retailer for diamond-studded gold jewelry.
8. Sona BLW
   • CMP: ₹735
   • Movement: +4%
   • Details: Sona BLW gained over 4% following its announcement of a ₹2,400 crore Qualified Institutional Placement (QIP), with a floor price set at ₹699.01.
9. Suzlon
   • CMP: ₹76
   • Movement: +4%
   • Details: Suzlon’s stock rose 4% after selling its Pune headquarters to 360 ONE for ₹440 crore.
10. Interarch Building
    • CMP: ₹1,185
    • Movement: +7%
    • Details: Interarch Building surged over 7% after inaugurating a new ₹95 crore manufacturing plant in Andhra Pradesh, marking its fifth unit.

Conclusion

Despite a challenging day for the broader market, these stocks demonstrated significant movements, reflecting investor confidence and strategic developments. Monitoring such gainers and losers provides valuable insights into market trends and investment opportunities.