Bajaj Auto, Nykaa, CSB Bank and other stocks that moved most on November 18

Indian equity benchmarks ended higher on Friday with the Sensex losing 87.12 points or 0.14% to 61,663.48. The Nifty was down by 36.25 points or 0.20% to 18,307.65.

The broader indices ended lower with the BSE MidCap index losing 0.44% and the SmallCap index down by 0.45%. The top losing sectoral indices on the BSE were Auto down by 1.23%, Energy 0.73%, Oil & Gas 0.73%, Consumer Discretionary 0.63%, and Capital Goods 0.59%. While Realty up by 0.14% and Bankex 0.04% were only gaining sectoral indices on BSE.

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Bajaj Auto Ltd: The stock ended 1.71% lower at Rs 3,631.20 on the BSE after Life Insurance Corporation of India (LIC) sold a 2% stake or 56.68 lakh shares in the company through open market transactions. With this, LIC’s shareholding in the company stands declined to 5.2%, from 7.2% earlier.

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FSN E-Commerce Ventures Ltd (Nykaa): The stock ended 3.72% higher at Rs 192.45 on the BSE after Citigroup launched a block deal to offload shares in fashion retailer Nykaa, amounting to $125 million or Rs 1,000 crore. 

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Bharat Electronics Ltd: The stock ended 3.16% lower at Rs 192.45 on the BSE after it signed a Memorandum of Understanding (MoU) with Armoured Vehicles Nigam Limited (AVNL/AVANI), a defence PSU. They will jointly address domestic and export opportunities in the areas of combat vehicles, main battle tanks (MBTs), infantry fighting vehicles (IFVs), and armoured fighting vehicles (AFVs).

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CSB Bank: The stock ended over 1% lower at Rs 219.10 on the BSE after the bank received approval from the Reserve Bank of India (RBI) for the appointment of Ms. Bhama Krishnamurthy as Part-time Chairperson of the bank with effect from November 17. She will be the part-time chairperson of the bank from November 17, 2022, to September 28, 2024.

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Alstone Textiles (India) Ltd: The stock ended 5% higher at Rs 300.45 on the BSE after the company announced December 14, 2022, as the date for the sub-division of equity shares. Each share will be subdivided into 10 shares of the nominal value of Re 1 each fully paid-up and will ascertain the eligibility of shareholders entitled to the issuance of bonus equity shares in the proportion of 9 shares of Re 1 each for every 1 existing share of Re 1 each.