Top gainers and losers today: Shares that moved the most on January 6
While Jubilant Food Works and Nykaa's parent company, FSN E Comm Ventures, stood at the top of the gainers' list today, the losers mostly included banks that contributed to a major downside on the Nifty PSU Index today
January 06, 2025 / 16:56 IST
1/10
Jubilant Foodworks | CMP: Rs 766.20 | +7.10% Shares of Jubilant Foodworks surged for the fourth consecutive day following a positive December quarterly business update. This rally has driven the stock of the Domino's Pizza franchise to 11 percent gain over the past four days. The company reported 56 percent year-on-year (YoY) growth in consolidated revenue for the December quarter to Rs 2,156 crore.
2/10
Easy Trip Planners | CMP: Rs 766.20 | +3.68% Easy Trip Planners shares soared over 17 percent after its former CEO and promoter Nishant Pitti confirmed that there would be no further sale of promoter stake in the company. Taking to social media platform X, Pitti reassured investors by stating, "Confirming again there is no promoter selling."
3/10
Titan Company | CMP: Rs 3476.50 | +0.72% Titan Company Ltd. shares spiked over two percent to become the top gainer on the Nifty 50 index as the firm registered a growth of 24 percent on-year for the quarter ended December. In a filing with the bourses, Titan shared that its combined retail network presence (including CaratLane and international stores) expanded by 69 stores in the quarter to reach 3,240 stores.
4/10
SBI Cards and Payment Services | CMP: Rs 729.40 | +0.72% SBI Cards and Payment Services gained up to 5% after two brokerage firms Nomura Holdings and Nuvama Institutional Equities upgraded the stock’s rating to 'buy’, while increasing their target prices to Rs 825 and Rs 850, respectively, signaling potential upsides between 8.5% and 12% from current levels.
FSN E-Commerce Ventures | CMP: Rs 171.75 | +2.33% The share price of FSN E-Commerce Ventures Ltd., parent company of online and physical fashion retailer Nykaa, rose 4 percent following the company's business update for the December quarter. As per an exchange filing on January 5, the company expects its net revenue to grow higher than the "mid-twenties," even as online fashion demand continues to remain subdued. Despite the subdued demand, the company said it remains confident of its long-term opportunity.
6/10
JSW Energy | CMP: Rs 902.25 | -1.40% Shares of JSW Energy faced selling pressure after the company informed that the Central Electricity Regulatory Commission (CERC) has not approved the proposed tariff for a battery energy storage project from Solar Energy Corporation of India. CERC has cited that the tariff proposed by JSW Energy for the SECI project signed in January 2023 is much higher than what has been discovered in recent auctions.
7/10
Union Bank of India | CMP: 114.40 | - 7.79% Shares of Union Bank of India tumbled 7 percent after the state-run bank reported its weakest December quarter business update amongst all lenders so far. Union Bank's deposits grew modestly by 4 percent year-on-year to Rs 12.2 lakh crore in Q3FY25, but declined 2 percent on a QoQ basis.
8/10
Kotak Mahindra Bank | CMP: Rs 1777.90 |-3.30% Shares of Kotak Mahindra Bank slipped over 3 percent after the private lender reported the exit of a senior management personnel, with Chief Operating Officer and Chief Technology Officer Milind Nagnur stepping down citing personal reasons. Japanese brokerage Nomura acknowledged that the resignation of the COO/CTO contributed to the recent turnover in the bank's top management.
Dabur India | CMP: Rs 505.90 | - 3.62% Consumer staples major Dabur India shares tumbled after the firm shared its business update for the October-December period. In Q3, inflationary pressures were witnessed in some segments and the company anticipates flattish operating profit growth.
10/10
ITC | CMP: Rs 445.35 |-2.25% ITC Ltd shares price was discovered at Rs 455.6 each, down 5.6 percent or Rs 27 from the previous session's closing price, following the special pre-open session for price discovery, as the hotels arm spins off from cigarettes-to-FMCG conglomerate.
