7 Stocks That Moved The Most On September 25, 2020

After six-consecutive days of fall on the indices, there was seen a sharp rebound on September 25, 2020, with Nifty settling at 11050, up 2.26% while Sensex too gained 2.28% to end at 37388 points.

7 Stocks That Moved The Most On September 25, 2020

Here are listed the 10 stocks that moved the most today:

1. Vodafone Idea:

Shares in Vodafone Idea settled higher by 13.60% at Rs. 10.36 per share on the BSE after the company won arbitration against India in retrospective tax case.The international arbitration tribunal in The Hague, Netherlands said that the Indian government should stop seeking dues from Vodafone and also pay $5.47 million or 4.3 million pounds as compensation towards its legal expenditure, sources with knowledge of the matter said.

2. Advanced Enzymes:

Enzyme manufacturing company in today's trade soared as much as 16% to day's high of Rs. 317.20, ending though higher by just 7.35% at Rs. 292.85. In the previous session also the stock was locked at 20% upper circuit. The sharp gains in the counter have come in after Nalanda India Equity Fund bought a 3.75% stake in the company via open market transaction on September 24.

3. Vakrangee:

Shares of Vakrangee were frozen at the 10% upper circuit at Rs. 27.10 on the BSE after the apex bank granted in-principle approval for setting up and operating Bharat Bill Payment Operating Unit (BBPOU). The company offers a range of services across sectors by offering BFSI, ATM, E-Commerce & Logistics Services.

4. Granules India:

Pharma company shares rallied close to 10% in trade today after the USFDA approved the company's Abbreviated New Drug Application (ANDA) for Naproxen Sodium and Diphenhydramine Hydrochloride Tablets, 220 mg/25 mg (OTC), generic equivalent of Aleve PM Tablets, 220 mg/25 mg, of Bayer HealthCare LLC.Naproxen Sodium and Diphenhydramine Hydrochloride Tablets are used for treating occasional sleeplessness due to minor aches.

5. TCS:

After the positive management commentary from Accenture post its Q4FY20 results and partnership with Maurices, women fashion apparel retail chain in the US and Canada, the stock of the IT giant scaled up to 4% to close at Rs. 2422.30 per share. The company will help in building new scalable and IT solution for the retail entity.

6. BPCL:

The state-run oil retailer's stock ended in the red after a report suggested that stake sale plan in the company has got delayed and may overrun into the next fiscal year. The stock ended weak by 0.44% at Rs. 375.60

7. Canara Bank:

Much of today's gains were on account of the rally in the banking and financial stocks. The share price of Canara Bank also gained 5% after the bank's board gave an approval to its proposal of raising capital. The lender will raise additional share capital worth Rs. 2000 crore via the QIP route in one or more tranches at a premium that shall be decided upon basis the applicable guidelines.

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