Gainers & Losers: Top stocks that moved the most on July 16

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Nifty extended its gaining streak to the second straight day on July 16. Amongst sectors, Nifty PSU bank was the top performer, followed by media and auto. Coffee Day | CMP: Rs 39 | Coffee Day Enterprises hit 10 percent upper circuit for a second straight session after veteran investor Dolly Khanna picked up a 1.55 percent stake in the company. Khanna held 32.78 lakh shares in the firm, as per the latest shareholding data available on the Bombay Stock Exchange. Dixon Tech | CMP: Rs 16,110 | Dixon Technologies rose over 3 percent after it signed a binding term sheet to acquire a majority 51 percent stake in Kunshan Q Tech Microelectronics (India) Pvt. Ltd. The move, part of a mix of primary and secondary investments, will give Dixon access to advanced technology and precision manufacturing in camera and fingerprint modules — key components used in smartphones, IoT devices, and automobiles. ICICI Prudential | CMP: Rs 651 | ICICI Prudential slipped 3 percent as the company reported a decline in annualised premium equivalent (APE) growth, short-term persistency ratios, and investment income. Brokerages were not impressed by the June quarter results but expressed hope that higher traction in non-linked products could support profitability in the future. PVR Inox | CMP: Rs 977 | Multiplex operator PVR INOX Ltd slipped over a percent on Wednesday, July 16, after the Karnataka government proposed a cap on movie ticket prices at Rs 200 each. The rule would be applied across theatres in Karnataka, from single-screen operators to large-scale multiplexes. Further, it would include all entertainment taxes. According to the draft, the public has around 15 days to respond to the proposal. PVR INOX is yet to officially respond. Network18 Media | CMP: Rs 62 | Network 18 Media & Investments Ltd shares rose 15% on July 16 after the media firm reported strong June quarter results, led by strong performance in its digital and TV segments. Net profit, after exceptional items, stood at Rs 516 crore in the fiscal first quarter. June quarter EBITDA increased by 69 percent and operating margin expanded to 1 percent from 0.5 percent in the year earlier, the company said. Biocon | CMP: Rs 395 | Shares of Biocon gained as much as 3% on July 16, after the United States Food & Drug Administration (USFDA) approved Insulin Aspart, which the company brands as Kristy. HDB Financial Service...

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