Indiabulls, Paytm and other stocks that moved the most on March 15

Despite
opening the session with gains of over 200 points, the BSE Sensex turned highly
volatile and plunged 709.17 points or 1.26% to close at 55,776.85. The broader
NSE Nifty also plunged 208.30 points or 1.23% to settle at 16,663.

Among sectoral indices, except auto all other sectoral
indices ended in the red with IT, metal, power and oil & gas indices losing
1-4%. The BSE midcap and smallcap indices lost 0.5% each.

Also Read | Closing Bell: Sensex slips 709 points, Nifty closes at 16,663

Here are the key stocks that moved most during today’s
trading session:

Indiabulls housing finance: The stock closed
4.56 points or 3.09% lower at Rs 155.05 after the company said that its promoter
and founder Sameer Gehlaut resigned as the non-executive director w.e.f. March
14, 2022.

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Bandhan Bank: The lender’s stock slipped 5.68% to close
at Rs 280.00 after the Reserve Bank of India (RBI) relaxed norms on
microfinance lending. The norms will be implemented from the beginning of the
next financial year i.e. April 1, 2022. RBI issued master directives asking all
microfinance institutions to establish a board-approved policy for loan
pricing. 

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One 97 Communications (Paytm): The stock of the fintech
major plunged 85.80 points or 12.71% to close at Rs 589.00 as investors
continue to abandon the stock over rising concerns over it its business model.
According to a Bloomberg report on Monday, the RBI’s order banned Paytm Payment
Bank from taking on new customers. However, Paytm called the report false and
sensationalist.

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Ruchi Soya Industries Ltd: Shares of Patanjali
Ayurved-owned company’s shares surged 12.79% to close at Rs 1,087.00. Ruchi
Soya shares have been gaining for the last three days and have surged about 40%
during the period. This optimism is likely fueled by the company’s follow-on public
offering (FPO) plan.

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Mahindra and Mahindra: The stock surged 2.28% to close at
Rs 760.90 after the approval of the final voluntary winding up of Mahindra
Susten Bangladesh Private Limited (MSBPL), which is a wholly-owned subsidiary
of Mahindra Susten Private Limited (MSPL) which in turn is a wholly-owned
subsidiary of Mahindra Holdings Limited (MHL)