Days Movers: These beaten down stocks find renewed interest on October 31

Know the top gaining stocks in BSE Group ‘A’

On the last day of the month, the frontline index Sensex gained 1.4 per cent or 808 points and closed at 60,768.17, as most sectoral indices ended in green.  

Nykaa, Swan Energy and Supreme Petrochem witnessed positive action in today’s session.   

Shares of FSN E-Commerce Ventures Ltd (parent company of Nykaa) zoomed 13.69 percent in today’s session and closed at Rs 1117.70. In the intra-day trades, the shares of Nykaa logged a high and low of Rs 1118.80 and 983.60, respectively. The company's board has revised the record date from November 3 to November 11 for determining the eligibility of the shareholders who would receive the benefit of the corporate action. The company has announced the issuance of bonus shares in the ratio of 5:1 (five bonus shares for every one share held).  

Another constituent of BSE ‘A’ Group that rallied was Swan Energy, gaining 9.76 per cent in today’s session to close at Rs 226.55. The intra-day high and low were Rs 227.35 and Rs 203.25 respectively. Swan Energy Ltd. is an emerging "green energy" company with a successful track record in infrastructure projects and textiles.  

Supreme Petrochem Ltd. also rallied 9.62 per cent at Rs 757.45 over its previous close of Rs 690.95. The stock witnessed a sharp meltdown, triggered by its weak financial performance for the quarter that ended September 30, 2022, shedding 5.7 per cent on October 27 and 28.
Shares of Supreme Petrochem, opened on a positive note and touched a day’s high of Rs 759 today. The company has declared an interim dividend of Rs 4 per equity share (100 per cent), entailing an outgo of Rs 37.61 crore. The record date for the same has been fixed as November 4. It has also announced a split of its shares from a face value of Rs 4 to 2 each fully paid up, subject to shareholders’ approval. The record date for the stock split will be intimated in due course.