Allcargo share price: Biggest gainers & losers of the day: Allcargo zooms 20%, Thirumalai Chemicals bleeds
The 30-share pack Sensex shed 109.40 points or 0.18 per cent to close at 60,029.06. Its broader peer NSE Nifty declined 40.70 points or 0.23 per cent to 17,888.95. Broader markets outperformed and settled higher as the BSE midcap and smallcap indices gained up to a per cent each.
Logistics hit the upper circuit after a strong show in the September 2021 quarter. Meanwhile, the expiry of a deal between PI industries and Ind Swift Labs led to sharp movements in the stocks of both companies. Chemical stocks were also abuzz amid poor earnings, affecting the share prices.
Let’s have a look at the biggest movers and shakers of Tuesday’s session:
Allcargo Logistics: The logistics player hit the upper circuit of 20 per cent to Rs 328.95 after it reported a consolidated net profit of Rs 228.01 crore in the quarter ended on September 30, 2021, as against a net profit of Rs 57.25 crore in the corresponding quarter last year.
Tube Investments of India: The auto parts maker soared 16 per cent to Rs 1,669.45 on the back of a strong technical setup. The daily traded volume jumped manifold compared to the two-week average.
Aarti Surfactants: The speciality chemicals player zoomed 13 per cent as traders anticipate some good news coming in, making the stock a value buy.
Transport Corporation of India: The surface transport player advanced 11 per cent to Rs 765 after the company announced its joint venture with MITSUI & Co Limited (MITSUI) through its subsidiary TCI Cold Chain Solutions Limited.
Ind-Swift Laboratories: The pharmaceuticals player hit the upper circuit of 10 per cent at Rs 67.40 after the company terminated its business Transfer Agreement (BTA) agreement with PI Industries worth Rs Rs 1,530 crore.
Indiabulls Real Estate: The real player surged 9 per cent to Rs 176.65 amidst the strong buzz in the real estate shares on the back of strong Q2 sales data. Also, the company is likely to be acquired by the Embassy-Blackstone group soon.
Thirumalai Chemicals: The commodity chemical player tanked 9 per cent to Rs 258.30 after the company reported a disappointing set of numbers in the September 2021 quarter.
Savita Oil Technologies: The smallcap refinery player shed 8 per cent to Rs 1,288.05 after the company reported poor numbers in the September 2021 quarter on a sequential basis.
Bayer CropScience: The agrochemical player declined 7 per cent to Rs 4,655.85 after its net profit skidded 31 per cent to Rs 154.10 crore on a 1.2 per cent decline in net sales to Rs 1,365.10 crore in September 2021 quarter.
PI Industries: The chemical player fell 7 per cent to Rs 2781.55 after the company’s agreement with Ind-Swift Laboratories worth Rs 1,530 crore was terminated.
Sequent Scientific: The pharma players gave up 6 per cent to settle at Rs 175.60 after its net profit declined 39 per cent to Rs 14.30 crore in the quarter ended September 2021 as against Rs 23.49 crore during the previous quarter ended September 2020.