Top Gainers & Losers: Titan shares glitter as D-Street plunges to five-month lows; M&M cracks 3%

Top Gainers & Losers: Top Gainers & Losers: Indian equity benchmarks Sensex and Nifty50 continued to fall for the fifth trading session in a row on Tuesday, to log five-month closing lows, amid a global rout after the sudden collapse of US-based startup lender SVB triggered a sell-off across banking shares globally.

The Sensex ended the day with a loss of 337.7 points or 0.6 per cent at 57,900 — taking its losses to 2,450 points in four trading days, and the Nifty50 shed 111 points or 0.7 per cent to close at 17,043.3. Read more on the March 14 session in the Indian share market

Except for the Nifty Pharma and the Nifty Media, which ended flat and mildly higher respectively, all sectoral gauges on NSE finished the day in the red.

Among Nifty stocks, BPCL, Titan and Bharti Airtel were the top gainers, whereas Adani Enterprises, M&M and Adani Ports were the top laggards.

Here are some of the blue-chip stocks that moved the most on March 14:

Titan shres

Titan was the top gainer in the Nifty as well as Sensex baskets, rising more than one per cent to Rs 2,361 apiece for the day.

According to Motilal Oswal, Titan has the best-in-class track record, better near-term growth visibility than its peers and a longer-term growth opportunity that is best of the breed.

The brokerage maintained a ‘buy’ on Titan with a target price of Rs 3,070 per share, which implies a 30 per cent upside from the current market price.

Bharti Airtel shares

Bharti Airtel was among the top gainers in the Sensex pack, rising almost one per cent to Rs 771.9 apiece on BSE.

Morgan Stanley maintained an ‘overweight’ rating on the stock with a target price of Rs 860 per share (12 per cent upside). 

Mahindra and Mahindra (M&M) shares

M&M shares fell almost three per cent to settle at Rs 1159.7 apiece on NSE.

Nomura maintained a ‘buy’ rating on the stock with a target of Rs 1,718 per share.

Catch highlights of the March 14 session here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.