Biggest gainers & losers of the day: Caplin Points zooms 19%, Seshasayee Paper tanks 10%

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NEW DELHI: Domestic equity markets kicked off the new week with losses, thanks to selling in banking stocks that dragged the indices lower. However, pharma and metal shares showed some strength. Poor global sentiments dampened D-Street’s mood.

The 30-share pack Sensex declined 123.53 points or 0.23 per cent to close at 52,852.27. The index traded in a range of 320 points. Its broader peer NSE Nifty fell 31.60 points or 0.20 per cent to 15,824.45. However, broader markets remained upbeat.

Caplin Point Labs and Zomato continued their rally in the new week as well. On the other hand, DB Corp declined after raids from the Income Tax department. Investors also booked profits in counters like

.

Here is a look at some of the biggest movers and shakers of Monday’s session:

TOP GAINERS OF THE DAY

Caplin Point Laboratories: The pharmaceutical firm advanced 19 per cent to Rs 945.65. The scrip has been on a high after its subsidiary Caplin Steriles received approval from the US health regulator for generic Sumatriptan injection used for acute treatment of migraine and cluster headache.

Zomato: The latest debutant of Dalal Street continued to rally after a stellar listing show on Friday. The scrip gained 12 per cent to Rs 140.85 amidst the buzz of IPO of Devyani International, which operates KFC, Pizza Hut & Costa Coffee.

Indo-Count Industries: The stock jumped 10 per cent to Rs 248.50 after the company announced that its board will meet on August 3 to consider and approve results for the quarter ended on June 30, 2021.

Arvind Fashion: The company continued its upward rally after it announced a divestment of the assets of ‘Unlimited’ business to V-Mart Retail for Rs 150 crore. The scrip added 9 per cent to Rs 214.40.

SBI Cards and Payment Services: The credit card company has restructured credit card dues of Rs 258 crore in the June quarter under the second leg of Reserve Bank of India’s (RBI’s) debt recast scheme, which has affected its performance during the period. It settled at Rs 1017.35, 6 per cent higher.

TOP LOSERS OF THE DAY

Seshasayee Paper & Boards: The paper and paper products company tanked 10 per cent to Rs 194 amidst buzz that the company will spend more than Rs 300 crore to realign business focus with three-pronged strategy.

Datamatics Global: The IT software firm shed 8 per cent to Rs 272.35 as investors booked profit in the company after a strong rally. It had gained over 60 per cent in the last on Month.

DB Corp: The media counter declined 6 per cent to Rs 94 as the income tax department officials visited the companies’ offices in the previous week. The Income Tax department has claimed to have found ‘fictitious transactions’ of Rs 2,200 crore after raids at multiple offices of the media group.

Navin Fluorine: The commodity chemical producer reported a flop show in the June 2021 quarter on a sequential basis. The net profit declined 53 percent to Rs 56.43 crore in the recent quarter, which was Rs 121.63 crore in the March 2021 quarter. The scrip settled at Rs 3,710.85, 6 per cent lower.

M&M Financial Services: The NBFC declined 5 per cent to Rs 146.15 after it reported a net loss of Rs 567.95 crore in June 2021 quarter. The company had posted a net profit of Rs 71.66 crore in the same quarter previous year.



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