Bank of India share price: Biggest winners and losers of the day: Zen Tech soars 20%; Bank of India bleeds

New Delhi: After a strong recovery, the domestic stock market paused on Wednesday and stabilized lower, thanks to profits on computer, financial and metal stocks. Despite favorable GDP data, benchmarks were unable to maintain their initial gains.

The 30-pack Sensex shares lost 214.18 points or 0.37% to close at 57,338.21. Its larger counterpart NSE Nifty lost 55.95 points or 0.33% to 17,076.25. Nifty hit the 17,200 mark for the first time. Larger markets outperformed, ending the day higher.

Small and mid cap stocks were in high demand. Zen Technologies finished the day on the top circuit, while RPG Life Science and ABB Power Products won. Stocks in the latest inclusion of the M&O segment continued their rally.

Here’s a look at some of the biggest motors and shakers from Wednesday’s session:

BEST SHEATHERS OF THE DAY


Zen Technologies: The defense equipment maker hit the top 20% at Rs 116.50, its new high in 52 weeks as the company’s backlog stood at Rs 402.6 crore on September 1, 2021 against Rs 191.6 crore on June 30, 2021. He pocketed orders worth Rs 211 crore during the period July-August 2021.

RPG Life Sciences: The pharmaceutical company climbed 14% to Rs 567.15 after the company’s annual general meeting where it declared a dividend of Rs 7.20 per share for the fiscal year ended March 31, 2021.

ABB Power Products and Systems India: The power grid equipment maker was buzzing about reports of the asset monetization plan, which was recently announced by the government. It came in at Rs 13% higher at 2,416.45.

BF Investment: The holding company rose 12% to Rs 385.15 after the company informed the stock exchanges of its annual general meeting, scheduled for September 30.

Orientation paper: The producer of paper products rose 11% to Rs 32.05 following the reopening of schools in several states in India. The company is the largest producer of educational paper in the country.

Indian Energy Exchange: The morale of the electricity market has been good since its inclusion in the M&O segment. In addition, there are expectations on the increase in offers on the exchange. He added 11% before closing at Rs 560.50 for the day.

Oberoi Realty: The real estate major rose 11% to Rs 778.05 after its inclusion in the M&O segment from October 1. NSE notified its entry along with seven others.

TOP LOSERS OF THE DAY

Vikas EcoTech: The specialty chemicals player reached a circuit 5% lower at Rs 2.09. The microcap has decided to increase its share capital and to allocate shares by issuing rights. The company wishes to change its name.

Bank of India: The state-owned lender fell more than 4% to Rs 63.55 after the company announced a Qualified Institution Placement (QIP) of 2,550 crore at an issue price of Rs 62.89 each .

Sugars: The sugar producer lost 5%, its lower circuit limit, to Rs 23.95. It continued to bleed after recording losses in the June 2021 quarter. It has fallen as much as 30 percent in the past month despite rating improvements.

Gayatri projects: The ESB has requested clarification from the construction and engineering player in reference to a significant price movement to protect the interests of investors. The certificate fell more than 4% to Rs 48.30.