Hindalco Bucks General Trend To Top Nifty Gainers After Novelis IPO Announcement

On Wednesday, Nifty50 closed 0.80% down to 22,704.70, extending its losses for the fourth straight session. Hindalco Industries was the top gainer while HDFC Life Insurance was the biggest loser.

Hindalco Industries topped the gainers with a robust 3.52% increase, with its stock price rising to ₹705.3. The stock gained after its U.S. subsidiary launched a roadshow for its IPO.

Top Gainers

StockCurrent PriceLast Close% Change
Hindalco Industries₹705.3₹681.33.52%
Power Grid Corporation of India₹317.7₹312.81.57%
Divi’s Laboratories₹4448.0₹4392.11.27%
Nestlé India₹2476.2₹2451.71.0%
Sun Pharmaceutical Industries₹1478.95₹1464.90.96%

Power Grid Corporation of India also showed notable performance, with a 1.57% increase in its stock price, ending the day at ₹317.7.

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Divi’s Laboratories, Nestlé India, and Sun Pharmaceutical Industries rounded out the top five, with their shares rising 1.27%, 1.0%, and 0.96% respectively.

Conversely, HDFC Life Insurance recorded the largest loss, with its stock price falling by 2.87% to ₹561.85. SBI Life Insurance and ICICI Bank also experienced significant downturns, decreasing by 2.62% and 2.21% respectively.

Top Losers

StockCurrent PriceLast Close% Change
HDFC Life Insurance₹561.85₹578.45-2.87%
SBI Life Insurance₹1412.8₹1450.75-2.62%
ICICI Bank₹1102.0₹1126.95-2.21%
Tata Consumer Products₹1071.3₹1095.55-2.21%
Tech Mahindra₹1286.45₹1315.1-2.18%

Tata Consumer Products and Tech Mahindra completed the bottom five, each with a decline exceeding 2%.

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