Stocks In News: JSW Energy To Lupin — Top Gainers And Losers
JSW Energy Ltd. shares are gaining attention after Motilal Oswal named it as their top pick in the power utility sector for 2025.
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A quick check of the trending stocks on the last day of trade in 2024. Its been a day of sectoral picks by brokerage houses, acquisition reaction, contract news and more.
Here are six gainers and losers in news on Tuesday:
JSW Energy
JSW Energy Ltd. shares are gaining attention after Motilal Oswal named it as their top pick in the power utility sector for 2025. The brokerage highlights the company's strong position in renewable energy, which it believes will drive robust growth. Motilal Oswal has set a target price of Rs 816 for the stock, indicating a potential upside of 27% from its current price of Rs 644. Nomura also reiterated its 'buy' call on the stock amidst bullish outlook for the next year.
Despite the bullish outlook from analysts, the stock has declined over 2% on Tuesday, as benchmark Sensex and Nifty continued to trade with losses.
Lupin
Shares of Lupin Ltd. rose by 1.34% on Tuesday, hitting an all-time high of Rs 2,373.90, following the company's announcement of acquiring Huminsulin in India from Eli Lilly and Co. This acquisition aims to strengthen Lupin’s diabetes portfolio, although the financial details of the deal were not disclosed. Previously, Lupin marketed Huminsulin products, including Huminsulin R, Huminsulin NPH, and other variants, through distribution agreements with Eli Lilly India.
Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders Ltd.'s shares are in trend as the company saw its share price recover from a two-day decline in the final trading session of 2024. The company reached an intraday high of Rs 2,369.95m before giving up gains in a falling market.
The rebound in early trade came after the shipbuilder signed a contract valued at Rs 1,990 crore for designing, construction and integration of Air Independent Propulsion plugs in Scorpene submarine.
Easy Trip Planners
Easy Trip Planners Ltd., the parent company of the online travel aggregator EaseMyTrip, dropped 9.9% on Tuesday following the exchange of 28.2 lakh shares (2.4% of equity) in 28 block trades on the NSE, as reported by Bloomberg. The identities of the buyers and sellers remain unknown. This decline has pushed the stock to its lowest level since Nov. 22.
Unimech Aerospace
Unimech Aerospace and Manufacturing Ltd. gave up gains from a stellar listing as the day progressed, trading 6.16% lower on NSE at 1,370.05 as of 1:42 p.m.
Shares of the company debuted on the BSE at Rs 1,491 per share, marking a premium of 89.94% over the issue price of Rs 785. The stock listed on the National Stock Exchange at Rs 1,460 apiece, at a premium of 85.99%.
