M&M, Hero Moto, Coal India, MOIL and more: Key stocks that moved most on April 1

SUMMARY

Indian shares ended sharply higher on the first day of the new financial year with the broader Nifty50 settling near the 17,700 mark, while the benchmark BSE Sensex jumping over 700 points. At close, the Sensex was up 708 points or 1.2 percent at 59,276. Here are key stocks that moved the most in today's trade:

By CNBCTV18.comApr 1, 2022 4:25:41 PM IST (Published)

Spandana Sphoorty Financial | Shares of the company ended 20 percent higher and were the top gainers on Nifty500.

IOL Chemicals and Pharmaceuticals | Shares of the company closed 20 percent higher. The stock was the second-biggest gainer among Nifty500 constituents.

Hero MotoCorp | After falling about 6 percent, shares of Hero MotoCorp ended 2.10 percent lower after sources told CNBC-TV18 that the company that allegedly siphoned off Rs 800 crore -- as mentioned by the Central Board of Direct Taxes in a press statement but without mentioning the name of the firm -- is Hero MotoCorp

MOIL | MOIL has increased the prices of its products by 7.5-20 percent. With this, the stock rose about 6 percent higher but settled 2.96 percent higher.

Coal India | Shares of the coal major closed 1.61 percent higher, off its 2 percent intraday high, after Coal India said that its production fell 1 percent YoY at 80.3 mt while offtake rose 3 percent at 62 mt.

M&M | The automobile company reported better-than-expected auto sales for March, which drove the stock to close 2.31 percent higher.

NMDC | NMDC has hiked lump ore price by Rs 100 per tonne and Fines price by Rs 200 per tonne. Post this, the scrip closed 2.31 percent higher.