Market Movers: Dilip Buildcon, Swan Energy and Sunflag Iron were the top gainers in A Group

Among sectoral indices, Utilities and Power grabbed the limelight while Banking stocks saw profit booking after yesterday’s rally.

After yesterday’s rally, the markets opened on a positive note but soon came under selling pressure with the benchmark indices S&P BSE Sensex closing down by 0.7 per cent at 60176.50 and Nifty50 down by 0.5 per cent at 17957.40, respectively. The Midcap segment closed on a positive note gaining 1.3 per cent at 25072.44, while Smallcap index closed at a gain of 1.37% at 29582.49. 

Among sectoral indices, Utilities and Power grabbed the limelight while Banking stocks saw profit booking after yesterday’s rally. 

Dilip Buildcon, Swan Energy and Sunflag Iron witnessed positive action in today’s session.  

Dilip Buildcon zoomed 20 per cent in today’s session to emerge as the biggest gainer in the ‘A‘ Group. Today, the stock was locked in the upper circuit of 20 per cent and closed at the day’s high of Rs 302.10. The stock was under selling pressure in the last few sessions logging its 52-week low of Rs 233.80 on March 29. The core business of the company is undertaking construction projects across India in the roads and irrigation sectors making it one of India’s largest independently owned EPC groups. 

Swan Energy was also locked in the upper circuit of 20 per cent in today’s session. The stock closed at Rs 241.70 from the day’s low of Rs 203.55. It logged its 52-week low in yesterday’s session at Rs 279. The company which was previously engaged in the manufacture and marketing of cotton and polyester textile products has since forayed into Real estate and is developing a Floating Storage and Regasification Units -based liquid natural gas (LNG) import terminal at Jafrabad in Gujarat. 

Sunflag Iron & Steel Co was the third stock that touched its upper circuit of 20 per cent at Rs 81.35 in the day’s trade and closed at a gain of 19.84 per cent at Rs 81.25. The company belongs to the Sunflag Group which has diversified business interests in steel, synthetic yarns fabrics and non-woven textiles.