gainers & losers: Biggest gainers & losers of the day: Gayatri Projects tanks 20%, Indus Towers bleeds

New Delhi: The Russian invasion of Ukraine wreaked havoc on Dalat Street. Bulls were blasted off following the war cry from Vladimir Putin. The benchmark indices recorded their fourth-worst point-wise fall in history on Thursday.

The 30-share pack Sensex wiped off 2,702.15 points or 4.72 per cent to 54,529.91. Its broader peer, Nifty50, contracted 815.30 points or 4.78 per cent to 16,247.95. Among the broader markets, BSE midcap and smallcap indices tumbled 6 per cent each.

Vinod Nair, Head of Research, Geojit Financial Services said: “It was a big surprise for the world market as it was not anticipating a war. It was expecting a diplomatic meeting between Biden and Putin. Global markets plunged deep in the red as the Ukraine crisis intensified with Russia’s invasion into Eastern Ukraine.”

It was a bloodbath on the bourses, particularly among the second-rung stocks. Gayatri Projects, Indus Towers and Rain Industries succumbed to the selling pressure. Among the gainers, Asahi Songwon and Federal Mogul Goetze stood out.

Let’s have a look at the biggest movers and shakers of Thursday’s session:


Gayatri Projects: The smallcap construction and engineering player hit the 20 per cent lower circuit at Rs 19.90 following the weakness in the domestic markets and poor technicals on the daily charts.

Indus Towers: The telecom infrastructure firm plunged 18 per cent to Rs 205.75 after the British telecom giant Vodafone Plc sold a 2.4 per cent stake in the company in a block deal for Rs 1,469 crore in a price range of Rs 227-231 apiece.

Ramky Infra: The smallcap construction player continued to bleed almost for a month as it has shed 25 per cent in the last month. On Thursday, it fell about 15 per cent to Rs 171.60.

Punjab National Bank: The state-run lender dropped 14 per cent to Rs 32 on the back of a weak technical set-up on the daily charts. The traded volume of the counter jumped manifold compared to the two-week average.

Rain Industries: The coal miner slumped 14 per cent to Rs 182.60 following the war between Russia and Ukraine. The company has distillation capacity in Russia, which weighed over market sentiments.


Asahi Songwon Colors: The speciality chemical player, particularly colour pigment and their derivatives, surged over 6 per cent to Rs 261 on the back of a strong rise in the trading volumes of the counter.

Federal Mogul Goetze (India): The pistons and piston rings manufacturing company advanced over 5 per cent to Rs 265 after it announced a merger of its parent company Tenneco Inc with Pegasus Merger Company.

Garware Hi-Tech Films: The polyester chips and films maker gained another 4 per cent to Rs 711.90. The scrip has been on a roll from the last two sessions adding about 25 per cent in a couple of days.

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