Bikaji, Metropolis, Nykaa and other stocks that moved most on November 16

Indian equity benchmarks ended higher on Tuesday with the Sensex gaining 107.73 points or 0.17% to 61,980.72. The Nifty rose 6.25 points or 0.03% to 18,409.65.

The broader indices ended mostly red with the BSE MidCap index losing 0.66% and the SmallCap index down by 0.34%. The top gaining sectoral indices on the BSE were Bankex up by 0.47%, Industrials 0.37%, Capital Goods 0.36%, TECK 0.30%, and IT 0.20%. While Metal down 1.49%, Utilities 1.40%, Power 1.27%, Commodities 1.08%, and Realty 1.03% were only losing sectoral indices on BSE.

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Bikaji Foods International Ltd: The stock ended 5.82% higher at Rs 317.45 on the BSE as the company made its debut on the exchanges on November 16. The issue price has been fixed at Rs 300 per share. It touched a high of Rs 335 and a lowest of Rs 314.

Global Health Ltd: The stock ended 23.71% higher at Rs 415.65 on the BSE as the Medanta hospitals operator listed its equity shares on the exchanges on November 16. The final issue price was Rs 336 per share. It touched a high of Rs 424.90 and a lowest of Rs 391.05.

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Bharat Electronics Ltd: The stock ended 1.17% higher at Rs 108.30 on the BSE after the company signed an MoU with Yantra India (YIL) for cooperation in the areas of ammunition hardware and military-grade components to jointly address the requirements of Indian defense and export markets. The company also signed an MoU with US-based Profense LLC for cooperation in the manufacturing and marketing of light weapons and another with SVC Tech Ventures LLP for the manufacturing and marketing of heavy-duty blast doors.

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IIFL Wealth Management Ltd: The stock ended 1.42% higher at Rs 1,791.90 on the BSE after the company acquired a 91% equity stake in MAVM Angels Network Pvt Ltd (MANPL). With this, MANPL is now a subsidiary of the company.  

Metropolis Healthcare Ltd: The stock ended nearly 8% lower at Rs 1,435.55 on the BSE after reports of the Income Tax (IT) Department raid at the company’s Mumbai office came out.

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FSN E-Commerce Ventures Ltd (Nykaa): The stock extended to fall after the issue of bonus shares, which is hurting retail investors due to consequent short-term and long-term tax liabilities. The stock ended nearly 4% lower at Rs 184.50 on the BSE, declining over 12% in the past two days.