Tuesday’s trading session on the NIFTY 500 index presented a vivid display of market dynamics, featuring significant movement among various stocks.
Tejas Networks took the lead in gains, surging nearly 20% to close at ₹1088.25, significantly up from its previous close of ₹906.90.
Cochin Shipyard followed with a robust 13.29% rise, closing at ₹1251.95. Bombay Stock Exchange (BSE) also experienced substantial growth, with its stock price rising by 12.22% to ₹3199.85.
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Tejas Networks | ₹1088.25 | ₹906.9 | 20.0% |
Cochin Shipyard | ₹1251.95 | ₹1105.1 | 13.29% |
Bombay Stock Exchange | ₹3199.85 | ₹2851.3 | 12.22% |
Vodafone Idea | ₹14.4 | ₹12.9 | 11.63% |
ARE&M | ₹1160.20 | ₹1041.4 | 11.41% |
In the telecommunications sector, Vodafone Idea saw an 11.63% increase in its stock price to ₹14.4. ARE&M (Amara Raja Energy & Mobility) also performed well, with an 11.41% increase to ₹1160.20.
Conversely, the market also saw some notable declines:
Stock | Current Price | Last Close | % Change |
---|---|---|---|
Mahindra & Mahindra Financial Services | ₹263.45 | ₹278.85 | -5.52% |
SPARC | ₹300.15 | ₹315.95 | -5.0% |
Sapphire Foods India | ₹1412.0 | ₹1473.05 | -4.14% |
Sun Pharmaceutical Industries | ₹1484.65 | ₹1540.1 | -3.6% |
ABB India | ₹6307.45 | ₹6525.3 | -3.34% |
Mahindra & Mahindra Financial Services led the declines with a 5.52% drop to ₹263.45, which could be attributed to disappointing earnings reports or negative sectoral impacts.
Sun Pharma Advanced Research Company (SPARC) experienced a 5.00% decrease to ₹300.15, possibly due to regulatory challenges or adverse research outcomes.
Sapphire Foods India dropped by 4.14% to ₹1412.0, potentially impacted by market conditions or operational challenges in the food and service sector.
Sun Pharmaceutical Industries also saw a decrease of 3.60% to ₹1484.65, which might reflect market reactions to pharmaceutical pricing or competitive pressures.
Lastly, ABB India recorded a 3.34% fall to ₹6307.45, likely due to market corrections or concerns over manufacturing and engineering sectors’ outlook.
Read Next: Global Brokerage Picks This Stock As Potential Gainer From Vodafone Idea's Massive FPO, Shares Surge
Engineered by Benzinga Neuro, Edited by Utkarsh Roshan
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.