Top gainer: Larsen & Toubro Limited 3,951 ▲ 84 (+2.18%)
Top loser: Tata Consumer Products Limited 934 ▲ 40 (-4.10%)
Shares of CEAT Ltd jumped as much as 12.10%
Shares of CEAT Ltd, one of the leading tyre manufacturers in India, jumped as much as 12.10% to hit their all-time high level of ₹3,466.40 apiece on the BSE. The stock price rallied as on Friday CEAT said it has entered into a definitive agreement with Michelin to acquire its Camso brand’s off-highway tyres (OHT) and tracks business for about ₹225 million (about ₹1,905 crore).
Shares of Godrej Consumer Products (GCPL) tumbled as much as 10.81%
Shares of Godrej Consumer Products (GCPL) tumbled as much as 10.81% to ₹1,102 apiece on the BSE on Monday, December 9, after the company issued a weak commentary on its business. The company said that the demand conditions in India have been subdued for the past few months, which is evident in FMCG market growth. Further, GCPL added that the weather conditions have not been supportive (delayed winters in the North and cyclones in South India) to the Home Insecticides (HI) segment, contributing ~1/3rd to its standalone business.
Shares of Welspun Corp rallied as much as 4.43%
Shares of Welspun Corp rallied as much as 4.43% to hit an all-time high of ₹824.50 apiece on the BSE on Monday, December 9. The stock drew heavy demand from buyers as the company, during the weekend, announced the receipt of two additional large orders in the USA, one each for HSAW and HFIW pipes, for the supply of coated pipes for natural gas pipeline projects.