Market Movers: IRCTC, YES Bank, Granules India rally; 66 stocks flash ‘buy’ signal

NEW DELHI: Shares of railway ticket master IRCTC soared 11 per cent after the company posted a spectacular rise in December quarter profit. YES Bank also joined it, jumping 6 per cent, as a number of foreign funds expressed interest in buying a stake.

However, other private banks were among the biggest losers. The 30-share Sensex dropped 0.26 per cent or 106 points to close at 41,460, while its NSE counterpart Nifty dipped 0.22 per cent or 27 points to settle at 12,175.

“Updates on coronavirus would continue to remain one of the key monitorables for the market participants. On the domestic front, the last leg of earnings announcements would induce stock-specific volatility. Further, given the higher-than-expected CPI data and lower IIP growth numbers disappointed the Street. WPI data scheduled to be released on Friday would also be actively tracked. We continue to maintain our cautious stance due to stretched valuations and subpar earnings season,” said Ajit Mishra, VP - Research, Religare Broking.

Here is a lowdown of the movers and shakers of Thursday’s session on Dalal Street:

TAKE Solutions jumps 3 per cent
TAKE (Technology Analytics Knowledge Enterprise) Solutions said it has posted consolidated profit for the quarter ending December 31 at Rs 51.14 crore. Shares of the firm gained 3.24 per cent to Rs 98.85.

Gillette net up 32 per cent
Gillette India reported 31.63 per cent rise in profit after tax (PAT) at Rs 71.07 crore. Shares of the company dipped 0.78 per cent to Rs 6,355.55.

JLR launches BS-VI Discovery
Tata Motors-owned Jaguar Land Rover launched the BS-VI version of SUV Discovery Sport in both petrol and diesel engines at a starting price of Rs 57.06 lakh. Shares of the company fell 0.79 per cent to Rs 169.45.

PNC Infra gets Rs 1,600 crore order
PNC Infratech said it has emerged as the lowest bidder for a highway project worth Rs 1,602 crore in Uttar Pradesh. Shares of the company gained 1.53 per cent to Rs 202 following the news.

Allahabad Bank cuts MCLR
Allahabad Bank has cut the marginal cost of funds based lending rate (MCLR) by 0.05 percentage points across tenors, effective February 14. Shares of the lender added 0.66 per cent to Rs 15.35.

Ashoka Buildcon bags Rs 1,000 crore project
Ashoka Buildcon said it has emerged as the lower bidder for a highway project worth Rs 1,035.5 crore in Karnataka. Shares of the company fell 2.64 per cent to Rs 103.20.

Zydus gets USFDA nod
Zydus Cadila said it has got final approval from the US health regulator to market Mesalamine suppositories. But, shares of the company fell 1.12 per cent to Rs 268.65.

Granules India gets shot in the arm
Shares of Granules India jumped 6.31 per cent to Rs 169.40 after the company said the US health regulator has given tentative approval to Guaifenesin extended-release tablets used as an expectorant.

Sterling and Wilson feels virus blues
Shapoorji Pallonji group company Sterling and Wilson Solar has said that the outbreak of coronavirus is expected to affect its business in the near term. Shares of the company tanked 8.38 per cent to Rs 274.80 following the announcement.

YES Bank gets a fresh lease of life
Shares of YES Bank advanced 5.68 per cent to Rs 37.20 after the bank received a non-binding expression of interest (EoI) from JC Flowers & Co, Tilden Park Capital Management, OHA (UK) and Silver Point Capital.

IRCTC shares cruise
Shares of IRCTC (Indian Railway Catering & Tourism Corporation) jumped 11.42 per cent to Rs 1,581 after the company posted nearly three times jump in December quarter profit.

Financials bleed
Bank and financials were among the biggest negative contributors to Sensex. HDFC shed 54 points while ICICI Bank 51 points. HDFC Bank, Kotak Mahindra Bank, IndusInd Bank and Axis Bank bled together 106 points.

66 stocks flash ‘buy’
As many as 66 stocks gave bullish signals as they crossed above the signal line of MACD indicator on BSE. They include IFCI, GMR Infra, Ircon International, L&T Foods, Vedanta, Take Solutions, Titan Biotech and Indiabulls Ventures, among others.