Market Movers: Amid market weakness, these stocks emerged as days gainers

Timken India, Shree Renuka Sugars and Dhampur Sugar Mills are among the top gainers in A Group

As market volatility continues, Capital Goods, Industrials and Metal sectors are among the top gainer, while Power and Utility drag the market. 

At the closing bell on June 1, the Sensex closed with a loss of 0.3 per cent or 185 points at 55,381.17, while the Nifty50 also lost 0.4 per cent or 61.80 points at 16,522.75. 

Timken India, Shree Renuka Sugars and Dhampur Sugar Mills witnessed positive action in today’s session.  

Timken India Ltd surged 18.85 per cent at the day’s high to log a fresh 52-week high at Rs 2727. The bearing company has been buzzing in the last one week ( 15.46 per cent ) on the back of stellar Q4 results with net sales growing by 40.4 per cent and net profit jumping by 128.9 per cent at Rs 667.4 crore and Rs 121.30 crore, respectively. At close, the shares of Timken were last quoted at Rs 2663.70 up 16.09 per cent or Rs 369.25. 

Shree Renuka Sugars witnessed a rally of 11.29 per cent in today’s session and closed at Rs 52.25. After having corrected by 12.81 per cent in the last one month, this sugar stock has been buzzing in the last 5 trading sessions gaining 24.85 per cent recovering most of the losses in share price in the month. In today’s session, it logged an intraday high and low of Rs 53.05 and Rs 47.30, respectively. 

Another sugar stock in action in today’s session was Dhampur Sugar Mills Ltd. It witnessed a rally of 9.64 per cent in today’s session and closed at Rs 272.45. The stock was under continuous selling pressure amid weak Q4 results and Government policy to restrict sugar exports. In the last one month the stock has corrected 52.45 per cent. On May 30, it logged its 52-week low at Rs 225.85 after which it is witnessing fresh buying at lower levels. The stock gained 7.19 per cent in yesterday’s session and today it hit an intraday high and low at Rs 281.80 and Rs 251.75, respectively.