Sensex falls! But these stocks gained over 10% on BSE
NEW DELHI: A number of stocks rose in excess of 10% on BSE as domestic equity indices, BSE Sensex and NSE Nifty, ended in the red on Thursday.These high-performing stocks that rallied more than 10% during the session included, Mega Nirman & Ind(14.93%), Jumbo Bags(14.57%), TAAL Enterprises(13.62%), Interarch Building(13.54%), Everlon Synth(12.39%), Acrysil(12.12%), Tata Teleservices(11.36%), Dishman Carbogen(11.31%), Aryan Shares & Stock(11.05%) and Resonance Spec(10.51%).The 30-share Sensex ended 644.64 points down at 80951.99, while the 50-share Nifty index closed 203.75 points down at 24609.7.In the Nifty 50 index, 8 stocks ended in the green, while 42 stocks closed in the red.Meanwhile, stocks such as Addi Industries, Amit Securities, TAAL Enterprises, Interarch Building and Resonance Spec hit their fresh 52-week high, while Aditya Birla Retail, R K Swamy, Dalmia Industrial Development, Key Corp Ltd and Sybly Ind touched their new 52-week low in today's trade.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
28 minutes ago
- Time of India
Omnitech Engineering IPO: Omnitech Engineering Launches IPO to Raise Rs 850 Crore in Precision Components, ET LegalWorld
Omnitech Engineering, a manufacturer of precision-engineered components, on Monday said it has filed preliminary papers with capital markets regulator Sebi to raise Rs 850 crore through an initial public offering (IPO). The IPO is a combination of fresh issuance of equity shares worth up to Rs 520 crore and an offer for sale component of equity shares valued at Rs 330 crore by promoter Udaykumar Arunkumar Parekh, as per the draft red herring prospectus (DRHP). The company plans a pre-IPO placement of shares aggregating to Rs 104 crore. If the pre-IPO placement is completed, the fresh issue size will be reduced. Advt Proceeds from the fresh issue will be utilised to repay debt, set up two new manufacturing facilities, fund capital expenditure requirements and general corporate Engineering manufactures high-precision engineered components and supplies to global customers across industries like energy, motion control & automation, industrial equipment systems, and other diversified industrial clientele includes Halliburton Energy Services, Suzlon, Oshkosh Aerotech, Weatherford, Lufkin Industries, Oilgear, Donaldson Company, PUSH Industries and Bharat Aerospace Omnitech Engineering will compete with the likes of Azad Engineering, Unimech Aerospace and Manufacturing, PTC Industries, Dynamatic Technologies and MTAR supplied customised high-precision components to over 220 customers across 22 countries, including the US, UAE, Germany, Bulgaria, and shares are proposed to be listed on the BSE and Capital and ICICI Securities are the book-running lead managers, while MUFG Intime India, formerly Link Intime India, is the registrar to the IPO. Join the community of 2M+ industry professionals. Subscribe to Newsletter to get latest insights & analysis in your inbox. All about ETLegalWorld industry right on your smartphone! Download the ETLegalWorld App and get the Realtime updates and Save your favourite articles.
&w=3840&q=100)
Business Standard
29 minutes ago
- Business Standard
Blend core SIP strategy with dip-buying for tactical market gains
Trading volumes in exchange-traded funds (ETFs) on the National Stock Exchange (NSE) typically spike when the Nifty drops more than 1 per cent, according to media reports. This indicates that savvy investors use such declines as buying opportunities. ETF advantage ETFs are well-suited for dip-buying as they offer intraday liquidity. 'Unlike mutual funds, which are priced only at day-end, ETFs trade in real time, allowing investors to act immediately during sharp intraday declines,' says Arun Patel, founder and partner, Arunasset Investment Services. ETFs have low expense ratios and don't have an exit load. They also provide diversification so that investors don't have to bet on individual stocks. Upside of buying the dip Buying after a market fall enables investors to acquire assets at more attractive valuations. 'Investors get more value for the same investment. It can help lower their average cost of holdings,' says Patel. Behaviourally, the strategy converts volatility into opportunity. 'If done calmly, dip-buying can enhance long-term returns,' says Sanjeev Govila, certified financial planner and chief executive officer, Hum Fauji Initiatives. Further dips possible after buying Dip-buying during bear phases or early in a sell-off can backfire. 'It often amounts to catching a falling knife. Investors may misread temporary bounces or technical signals, only to face deeper declines,' says Patel. 'Markets can continue declining after purchase, testing the investor's patience,' says Govila. If the trend persists, many investors tend to throw in the towel and exit at a loss. Deploying too early leaves investors without dry powder for better opportunities that may come later during the downturn. Evaluate the context Assessing the context is critical. 'Dip-buying is most effective when you can anticipate a turning point — when central banks or governments are likely to step in with supportive measures like rate cuts, liquidity infusions, or fiscal stimulus that may help stabilise the market,' says Patel. Govila suggests the 5-10-15 rule. 'A 5 per cent decline is usually noise, 10 per cent declines deserve attention, while 15 per cent plus declines often present genuine opportunities,' he says. Deployment strategy Avoid overcommitting by setting up a dedicated 'dip fund'. 'Create a separate pool of, say, 5–10 per cent of your total equity allocation, earmarked for such opportunities,' says Govila. Staggered buying reduces regret and improves cost-efficiency. 'Follow the 25-50-25 strategy: Deploy 25 per cent on the first significant decline, 50 per cent if the market falls further, and reserve 25 per cent for extreme scenarios,' he says. Rule-based triggers tied to valuations or index levels can help avoid emotional decisions. Investors should write down their investment rationale before placing such bets. 'Having a written plan, a pre-defined buying ladder, and a long-term mindset rooted in asset quality helps build conviction,' says Ram Medury, founder and chief executive officer, Maxiom Wealth. Be prepared for a long wait Dip-buying can at times require patience. If the dip occurs during a strong uptrend or is triggered by a temporary change in sentiment, recovery can come within months. After the taper tantrum of 2013, the market rebounded strongly within a few quarters as macro stability returned. The Covid-19 crash of March 2020 also saw a swift rebound within a year. If the decline is part of a broader correction or triggered by macroeconomic stress, the wait can be longer. After the 2008 global financial crisis, Indian equities needed nearly two years to recover. 'Historically, markets have taken 12–30 months to recover fully after meaningful corrections. And sector-focused dips may take longer to play out than broad-market dips,' adds Govila. Combine with SIPs Those who buy on dips should not abandon systematic investment plans (SIPs). 'SIP should be the core strategy for retail investors because it is systematic, discipline-driven, and avoids the emotional pitfalls of market timing,' says Medury. SIPs should not be paused during volatile phases. 'Monthly savings done through SIPs provide the power of compounding if done continuously for the long run,' says Swati Saxena, founder and chief executive officer, 4Thoughts Finance. It is best to integrate the two approaches. 'SIPs will provide the benefit of rupee-cost averaging and you can also do opportunistic buying during market downturns,' says Abhishek Kumar, Sebi-registered investment adviser and founder, Saxena suggests routing monthly savings through SIPs and lump-sum investing through dip investing. Key mistakes to avoid Experts say that not every 5 per cent correction is a buying opportunity. Sometimes, those corrections are justified — by lower growth, tighter liquidity, or global shocks. 'Buying prematurely in a falling knife scenario (for example, smallcaps in 2018) can hurt,' says Medury. He suggests using valuation indicators (like P/E relative to historical averages), macro cues (like crude oil spike, GDP growth), and technical support zones to assess the depth of the downturn. Do not engage in dip-buying using leverage, emergency funds, or money needed for short-term goals. Placing heavy bets on a specific sector can also backfire.
Mint
34 minutes ago
- Mint
Sona Comstar appoints Jeffrey Mark Overly as Chairman after Sunjay Kapur's sudden demise
Automotive components manufacturer Sona Comstar (Sona BLW Precision Forgings) announced on Monday, 23 June 2025, that it has appointed Jeffrey Mark Overly as its new Chairman after former Chairman Sunjay Kapur's sudden demise, according to an exchange filing. 'The Board of Directors of the company appointed Mr. Jeffrey Mark Overly (DIN:09041143), as the Chairperson of the Board of Directors of the company,' said Sona Comstar in the BSE filing. Jeffrey Mark Overly, the new Chairman of Sona Comstar, has been a part of the company as an Independent Director since 12 February 2021, and was reappointed as the same on 30 April 2025, as per the BSE filing. The appointment as an independent director of the firm positioned Overly to serve for almost five years in the company. According to Sona Comstar's official website, Jeffrey Mark Overly is based in New York City, United States (US). The industry veteran was previously responsible for monitoring, advising, and supporting strategic opportunities in Blackstone's global portfolio company holdings through Lean Operational Excellence and supply chain improvement. He also has experience working for other big industry majors like Kohler Company, General Motors Corp. and Delphi Corporation. On the education front, Jeffrey Mark Overly has a BS in Industrial Management from the University of Cincinnati and a Master's degree in Business from Central Michigan University, as per the website data. Sona BLW Precision Forgings shares closed 2.05 per cent lower at ₹ 477.35 per share after Monday's trading session, compared to ₹ 487.35 at the previous market close. The company announced the appointment of the new Chairman after market hours on 23 June 2035. The shares of the auto component maker have given stock market investors more than 32 per cent return on their investment in the last five years. However, in the last one-year period, the stock is trading 24.87 per cent lower. The shares hit their 52-week high level at ₹ 767.80 on 23 September 2025, while the 52-week low level was at ₹ 379.80 on 7 April 2025, according to BSE data. The company's market capitalisation (M-Cap) stood at ₹ 29,677.71 lakh crore. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
