Gainers & Losers: Suzlon Energy among 5 stocks that hogged limelight on Monday
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Newsmakers of D-Street
Domestic benchmark indices extended their losing streak to the fourth consecutive session on Monday. On continuing global woes, the Nifty ended with a cut of over 300 points at 17,016, while the Sensex plunged 950 points. Broader markets underperformed the headline indices, with Nifty Midcap 100 dropping over 3%. Here are a handful of stocks that were in focus today:
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Suzlon Energy
The country’s leading renewable energy solutions provider ended the session lower by 6% at Rs 8.55 after its board approved raising Rs 1200 crore via a rights issue.
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Hindalco
Shares of Hindalco ended with a cut of 6% at Rs 373.4 apiece on the NSE after its subsidiary’s client cut its earning outlook amid a slowdown in the global economy.
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Harsha Engineers
Despite the subdued market conditions, Harsha Engineers made a stellar debut on bourses and ended the session with gains of over 47% at Rs 486.5. Analysts believe that given the current volatility in the market, investors in the stock received good gains.
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Sterlite Technologies
Shares of the company ended lower by 7% at Rs 159.65 after the company’s CFO, Mihir Modi, tendered his resignation.
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Nestle India
After gaining by as much as 2% intra-day on Rs 5,000 crore capex plans in India, the FMCG company pared gains and ended marginally lower at Rs 18453.3 per share.