Adani Wilmar, HPCL, Wipro and other stocks that moved most on November 3

Indian equity benchmarks ended lower on Thursday with the Sensex losing 69.68 points or 0.11% to close at 60,836.41. The Nifty fell 30.15 points or 0.17% to settle at 18,052.70.

The broader indices ended mixed with the BSE MidCap index gaining 0.22% and the SmallCap index up by 0.11%. The top losing sectoral indices on the BSE were Utilities down by 1.26%, Power 1.18%, IT 1.13%, TECK 0.80%, and Auto 0.46%, while Realty up by 0.63%, Telecommunication 0.39%, Bankex 0.30%, FMCG 0.28%, and Financial Services 0.27% were the gaining sectoral indices on BSE.

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Rail Vikas Nigam: The stock ended 6.63% higher at Rs 42.60 on the BSE after Life Insurance Corporation (LIC) of India offloaded a 2.02% equity stake in the company through open market transactions, lowering its stake to 6.7% from 8.72 earlier. 

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Adani Wilmar Ltd: The stock ended 2.28% lower at Rs 682.50 on the BSE after the company reported a net profit of Rs 48.7 crore for the second quarter of the financial year 2022-23, down 73% against Rs 182 crore in the year-ago quarter. Revenue from operations jumped 4.4% to Rs 14,150 crore.

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Hindustan Petroleum Corporation Limited (HPCL): The stock ended 1.70% lower at Rs 211.05 on the BSE after the company posted a net loss of Rs 2,475.69 crore for the second quarter of the financial year 2022-23. Revenue from operations was up 30% to Rs 1.13 lakh crore.

Mahindra and Mahindra Financial Services: The stock ended 13.51% higher at Rs 219.75 on the BSE despite reporting a weak performance for the second quarter of the financial year 2022-23. However, the company also reported strong growth in disbursement taking it to multi-year highs.

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Wipro Limited: The stock ended 1.33% lower at Rs 388.65 on the BSE after the company announced the launch of its financial services advisory unit, Capco in India. It will offer strategic advisory and consulting to Indian financial services firms to accelerate their digitization journey.