Benchmark indices saw a lot of pain on December 9. At one point, Sensex was down over 600 points and finally closed 0.62 percent lower at 62,181, down 389 points. Nifty shed 112.70 points to end at 18,496. About 1199 shares advanced, 2220 shares declined, and 113 shares were unchanged. Here are the top 10 stocks that moved the most
One 97 Communications | CMP: Rs 544.75 | The parent company of Paytm surged over 7 percent after the company said its board will consider a share buyback on December 13. "The management believes that given the company's prevailing liquidity and financial position, a buyback may be beneficial for our shareholders," Paytm added.
HCL Tech | CMP: Rs 1029.80 | At its investor day held on December 8 in New York, the company said revenue growth in constant currency terms is seen at lower end of 13.5-14.5 percent YoY band. The stock was the biggest index loser, tumbling over 6 percent.
Vadilal Enterprises | CMP: Rs 2674.50 | The stock gained 3.46 percent after the board approved sale and disposal of shares of Vadilal Forex & Consultancy Services Limited and Majestic Farm House Limited. It also approved sale and disposal of certain movable properties and immovable properties of the company.
Marico | CMP: Rs 524 | The stock gained 2.6 percent after Marico South East Asia Corporation, a wholly owned subsidiary of the company, entered into a definitive agreement to acquire 100% shares of Beauty X Joint Stock Company ("Beauty X"), an entity incorporated in Vietnam which owns the personal care brands "Purité de Prôvence" and "Ôliv".
Sun Pharma | CMP: Rs 993 | The stock gained 1.24 percent after brokerages said that impact of 'import alert' on Halol plant will have insignificant impact on revenue and profit. "US generics story stopped being material for company since 2019-20," noted Bernstein. It has an Outperform call on the stock with target at Rs 1099 per share.
