Nykaa, Hero MotoCorp, Vedanta and other stocks that moved most on October 31

Indian equity benchmarks ended higher on Monday with the Sensex gaining 786.74 or 1.31% higher to 60,746.59 points. The Nifty gained 224.55  or 1.26% higher to 18,011.35 points.

The broader indices ended green with the BSE MidCap index losing 1.24% and the SmallCap index down 0.45%. The top gaining sectoral indices on the BSE were Auto up by 1.57%, Capital Goods up by 1.54%, TECK up by 1.45%, Industrials up by 1.43% and Consumer Durables was up by 1.41%, while there were no losing sectoral indices on BSE.

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FSN E-Commerce Ventures Ltd (Nykaa): The stock ended 17.74% higher at Rs 1,157.55 on the BSE. The company on Friday announced November 11, 2022, as the date for the issue of bonus shares. Earlier this month, it announced the issue of bonus equity shares in the ratio of 5 fully paid-up equity shares of Rs 1 each for every one fully paid-up equity share of Rs 1 each, subject to shareholder’s approval.

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Larsen and Toubro Limited: The stock ended 2.50% higher at Rs 2,023.95 on the BSE after it announced multiple engineering, procurement and construction orders secured by the company to build transmission lines and substations in Saudi Arabia. 

Vedanta: The stock ended 1.39% lower at Rs 280.90 after the company reported a 54% year-on-year (YoY) decline in net profit at Rs 2,690 crore Q2FY23 supported by topline and exceptional income of Rs 234 crore (against loss of Rs 97 crore). Revenue from operations stood at Rs 36,237 crore increased by 20.6% against the year-ago quarter. EBITDA fell 24% year-on-year (YoY) to Rs 8,038 crore and the margin contracted to 25% for the quarter.

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Hero Motocorp: The stock ended 1.30% higher at Rs 2,683.55 on the BSE after the company reported a 20% growth in retail sales for Q2FY22. The company said it has registered a significant gain in its market share and festival season sales.

JSW Energy: The stock ended 6.21% higher at Rs 337.60 on the BSE. The company approved the proposal to raise Rs 2,500 crore through non-convertible debentures. 

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Blue Dart Express Limited: The stock ended 4.60% lower at Rs 7,588.60 on the BSE after the company announced weak quarterly reports stating net profit at Rs 93.64 crore, 3% higher than the year-ago quarter with profits of Rs 90.55 crore.