Gainers & losers: 10 stocks that moved the most on May 31

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Indian benchmarks remained lackluster in trade on May 31 as investors chose to exercise caution ahead of election results, due next week. At close, the Sensex was up 75.71 points or 0.10 percent at 73,961.31, and the Nifty was up 42.00 points or 0.19 percent at 22,530.70. Zomato | CMP: Rs 179.50 | Shares fell over 5 percent intraday after foreign brokerage Macquarie forecasted a nearly 50 percent decline in its share price in the next 12 months, attributing it to increased competition in the quick commerce sector. The brokerage reiterated its "underperform" stance on Zomato, assigning it a price target of Rs 96 which reflects the scope of a potential downside of 46 percent from Thursday's close. One97 Communications | CMP: Rs 363 | Shares fell around 4 percent on profit booking after hitting 5 percent upper circuit for the third straight day earlier in the session. A block deal involving 75.20 lakh shares, representing a 1.2 percent stake in the company, also took place on the exchanges. The block deal, executed at an average of Rs 391 apiece, was worth a total of Rs 296.30 crore. Sunteck Realty | CMP: Rs 470 | Shares fell as investors rushed to take home partial profits after the company released its Q4 results. The stock had surged over 7 percent earlier this week, giving investors plenty headroom to book partial profits. That aside, the company jumped back in black in Q4FY24 by delivering net profit of Rs 101.3 crore as against net loss of Rs 27.9 crore in the year-ago period. Revenue in Q4FY24 also grew manifold YoY to Rs 426.9 crore. Welspun Corp | CMP: Rs 548 | Welspun Corp stock tanked 9 percent after the firm's guidance for FY25 fell under the Street's expectations. Welspun Corp anticipates a revenue of Rs 17,000 crore for the current financial year, a 3.3 percent fall from the Rs 17,582 crore earned in FY24. Ipca Laboratories | CMP: Rs 1,155.50 | Ipca Labs' stock price sank 7.5 percent as brokerages slashed their target price on the healthcare player on its largely weak performance for the March quarter. The pharma player's net profit slipped 22.2 percent to Rs 59.6 crore from Rs 76.6 crore in the year-ago period. Persistent Systems | CMP: Rs 3,405 | Persistent Systems shares fell over 3 percent after the information technology major Salesforce lowered its guidance for FY25. As a result, the firm, which has the highest employee and revenue exposu...

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