Market Movers: Paisalo Digital, Tata Elxsi and Lemon Tree were top gainers in Group A today!

In the broader market, Realty, Metal, Oil & Gas and Power continued to trade higher while Consumer Durables, FMCG, Auto and Capital Goods were dragging the market down.

 The market extends losses amid uncertainty looming large and selling pressure. BSE Sensex closed at 57362.20 down 233 points or 0.4 per cent, while Nifty 50 closed at 17153 down 70 points or 0.40 per cent.   

 In the broader market, Realty, Metal, Oil & Gas and Power continued to trade higher while Consumer Durables, FMCG, Auto and Capital Goods were dragging the market down. BSE Midcap closed lower at 23789.91 and Smallcap was down at 27800.60. 

Paisalo Digital, Tata Elxsi and Lemon Tree witnessed positive action in today’s session.   

  Paisalo Digital zoomed 12.96 per cent in today’s session to emerge as the biggest gainer in ‘A‘ Group. The non-deposit taking non-banking financial company has entered into a Co-Lending Loan Agreement with Bank of Baroda. Under the Co-originating Loan model, it ties up with banks to mutually benefit from the low cost of funds of banks and low cost of operation of Paisalo. It touched the day’s high at Rs 768 and day’s low at Rs 669.25 and closed at Rs 767.80. 

Tata Elxsi rallied 11.01 per cent in today’s session and closed at Rs 8440.85. A part of Tata Group, it provides technology consulting, new product design, development, and testing services for the broadcast, consumer electronics, healthcare, telecom and transportation industries. The stock has logged its 52-week high in today’s session at Rs 8534.90. Notwithstanding market/sector weakness, this IT stock has surged 25 per cent in one month. 

Lemon Tree Hotels soared 7.81 per cent in today’s session. Today, the stock logged an intraday high and low of Rs 61.80 and Rs 55.50, respectively and closed at Rs 60.05. It also logged its fresh 52-week high at today’s intra-day high. Lemon Tree is among India’s largest hotel chains that operate in mid-price segment.