Gainers & Losers: Polycab among 5 stocks that hogged limelight today

Rising for the third consecutive day, headline index Nifty ended well above the 16,300 mark today. Banks, auto and realty stocks were in demand today. The broader market also did well as the advance decline ratio came in at 1.61:1 and Smallcap and Midcap indices were up 0.88% and 0.68%. There were many counters, which were in the limelight for the day, many of whom ended up with smart gains. Here are a handful of them:

La Opala shares ended 3.4 per cent higher at Rs 285. Top investor Ashish Kacholia picked up another 4.12 lakh shares of the company, revealed June shareholding data. Kacholia now holds 1.42 per cent stake in La Opala as against 1.05 per cent stake in the March 2022 quarter.

The stock of HDFC Life gained up to 1.5 per cent during the day. The private insurer today reported a profit after tax (PAT) of Rs 365 crore in the June quarter as against Rs 302 crore in the corresponding quarter last year, recording a YoY jump of 21 per cent. The figure, however, missed estimates.

Surya Roshni stock gained over 5 per cent during the day after bagging orders worth Rs 91.27 crore. Later in the day, the smallcap gave up most of its gains.

Shares of Nelco Limited were locked in the 5 per cent upper circuit limit at Rs 654.85. The company's profit rose by 7.6 per cent year-on-year (YoY) to Rs 4.72 crore in the quarter ended June 2022 as against Rs 4.38 crore in the same period last year.

Polycab shares ended 4.4 per cent higher at Rs 2,249.40. The company reported a profit of Rs 222.5 crore, up 202 per cent YoY.

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