Hindalco Shares Jumps 4% To Lead Nifty 50 Gainers

Wednesday’s trading session on the NIFTY 50 index highlighted a spectrum of performances, with some stocks registering notable gains while others faced declines.

Hindalco Industries led the gainers, showing significant strength with a 3.97% increase in its stock price to ₹636.10, up from ₹611.80. Cipla followed closely, with its stock price rising by 3.82% to ₹1398.20 from ₹1346.70.

JSW Steel also experienced robust growth, with a 3.68% increase to ₹882.70 from ₹851.35.

StockCurrent PriceLast Close% Change
Hindalco Industries₹636.10₹611.803.97%
Cipla₹1398.20₹1346.703.82%
JSW Steel₹882.70₹851.353.68%
Tata Steel₹165.55₹161.152.73%
Power Grid Corporation of India₹290.40₹285.351.77%

Tata Steel continued the trend in the metals sector, gaining 2.73%, with its stock price moving to ₹165.55 from ₹161.15.

Power Grid Corporation of India rounded out the top five gainers with a 1.77% rise to ₹290.40 from ₹285.35, possibly driven by developments in the energy sector or regulatory news affecting the company.

Conversely, the session also saw some notable declines:

StockCurrent PriceLast Close% Change
Tata Consumer Products₹1110.15₹1173.35-5.39%
Grasim Industries₹2337.75₹2370.15-1.37%
Tech Mahindra₹1185.70₹1200.25-1.21%
HDFC Life Insurance₹594.20₹601.15-1.16%
Tata Consultancy Services₹3831.05₹3874.70-1.13%

Tata Consumer Products faced the largest drop, with its stock price falling by 5.39% to ₹1110.15 from ₹1173.35, as the company’s March quarter results failed to impress. Grasim Industries saw a 1.37% decrease in its stock price to ₹2337.75 from ₹2370.15.

Tech Mahindra experienced a 1.21% decline to ₹1185.70 from ₹1200.25. HDFC Life Insurance reported a slight 1.16% decrease to ₹594.20 from ₹601.15.

Lastly, Tata Consultancy Services completed the list of top losers with a 1.13% fall to ₹3831.05 from ₹3874.70.

Read next: Bajaj Finance's Share Price On The Up After Brokerage Sees 23% Upside


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