Tata Stocks End Up Among Top Losers As Markets Start The Week In Red

Among today’s top performers on the NIFTY 50 index on Monday, Apollo Hospitals Enterprise stands out with a significant leap, while Tata Consumer Products Ltd trails at the other end of the spectrum.

Leading the pack, Apollo Hospitals Enterprise Ltd has seen its shares surge to ₹6204.70, marking a robust increase of 2.58% from the previous close. This jump places the healthcare giant at the top of today’s gainers, reflecting a strong investor sentiment.

Not far behind, Nestlé India Ltd has sweetened its position with a 1.97% rise, taking its stock value to ₹2611.50. The FMCG major’s performance today is a testament to its enduring appeal in the market.

StockCurrent PriceLast Close% Change
Apollo Hospitals Enterprise Ltd₹6204.70₹6048.82.58%
Nestlé India Ltd₹2611.50₹2560.951.97%
SBI Life Insurance Company Ltd₹1532.10₹1510.41.44%
Cipla Ltd₹1504.10₹1483.151.41%
Bajaj Finserv Ltd₹1598.80₹1582.81.01%

Insurance heavyweight SBI Life Insurance Company Ltd is also in the green, with its shares appreciating by 1.44% to ₹1532.10. The company’s steady growth trajectory is mirrored in its stock’s performance, reassuring stakeholders of its market position.

Pharmaceutical major Cipla Ltd is breathing easier with a 1.41% increase in its share price, now at ₹1504.10. The company’s resilience in the dynamic pharma sector is reflected in its stock’s upward movement.

Completing the top five, Bajaj Finserv Ltd has accelerated to ₹1598.80, up by 1.01%. The financial services conglomerate continues to build investor confidence with its strategic initiatives and consistent performance.

On the flip side, the FMCG giant Tata Consumer Products Ltd has seen its shares dip by 3.24% to ₹1220.65, making it the most significant loser of the day.

StockCurrent PriceLast Close% Change
Tata Consumer Products Ltd₹1220.65₹1261.55-3.24%
Bajaj Auto Ltd₹8659.40₹8879.05-2.47%
Power Grid Corporation of India Ltd₹285.55₹292.65-2.43%
Tata Steel Ltd₹153.45₹157.25-2.42%
State Bank of India₹773.70₹788.05-1.82%

Two-wheeler titan Bajaj Auto Ltd is also on a downward slope, with its stock price dropping by 2.47% to ₹8659.40.

The utility provider Power Grid Corporation of India Ltd is witnessing a power cut in its stock value, which has decreased by 2.43% to ₹285.55. Steel giant Tata Steel Ltd is not as strong today, with a 2.42% reduction in its share price to ₹153.45.

Rounding off the bottom five, banking behemoth State Bank of India has seen its shares fall by 1.82% to ₹773.70.

Benchmark indices concluded lower, with the Nifty closing below 22,350. The Sensex ended the day down by 616.75 points, or 0.83%, at 73,502.64, while the Nifty saw a decline of 160.80 points, or 0.71%, closing at 22,332.70.

“After lingering in negative territory for most part of the trading session, markets ended with steep losses after selling intensified towards the fag-end. Weak global cues contributed to the overall weakness as local investors cut their exposure to banking, telecom, power and realty stocks. The market is in a volatile phase due to uncertainty over global interest rate cut, geo-political tensions and sluggish growth in key economies, which is forcing investors to cash out of their investments at regular intervals,” said Prashanth Tapse, senior VP (Research), Mehta Equities Ltd.

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