On Friday, Nifty closed 0.19% up at 22,530.70. Adani Enterprises topped the list of gainers, while Divis Laboratories ended as the biggest loser.
Adani Enterprises emerged as the top performer with a 6.9% increase, closing at ₹3,411.4. The trend was observed across all Group stocks. The massive surge comes just a day after London-based Snowcap Research released a report on Adani Green accusing the firm of inflating metrics, overstating cashflow estimates and relying heavily on related party transactions. These allegations were denied by the company.
Top Gainers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Adani Enterprises | ₹3,411.4 | ₹3,194.25 | 6.9% |
| Adani Ports | ₹1,437.4 | ₹1,383.50 | 3.9% |
| Shriram Finance | ₹2,354.1 | ₹2,302.70 | 2.2% |
| Coal India | ₹491.2 | ₹482.15 | 1.9% |
| Tata Steel | ₹167.2 | ₹164.15 | 1.9% |
Adani Ports came second with a 3.9% jump closing at ₹1,437.4. Shriram Finance and Coal India saw an increase of 2.2% and 1.9% respectively. Tata Steel capped the gainers list with a 1.9% gain. The stock gained despite the brokerages maintaining a cautious stance on the stock.
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Other notable gainers included HDFC Bank and Bajaj Finance, which saw an increase of 1.10% and 1.23% respectively. HDFC Bank closed at ₹1531.55, while Bajaj Finance ended the day at ₹6697.70.
On the flip side, Divis Lab emerged as the biggest loser, with a decline of 2.39%, closing at ₹4307.20. It was closely followed by Nestle India, which saw a decrease of 2.08%, ending the day at ₹2354.90.
Losers:
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Divis Lab | ₹4307.2 | ₹4412.8 | -2.39% |
| Nestle India | ₹2354.9 | ₹2404.8 | -2.08% |
| TCS | ₹3670.95 | ₹3736.1 | -1.74% |
| Maruti Suzuki | ₹12,399.30 | ₹12,598.00 | -1.58% |
| LTIMindtree | ₹4701.90 | ₹4,773.15 | -1.49% |
Other underperformers included TCS, Maruti Suzuki, and LTI Mindtree, which saw a decline of 1.74%, 1.58%, and 1.49% respectively. TCS closed at ₹3670.95, Maruti Suzuki ended the day at ₹12,399.30, while LTIMindtree wrapped up at ₹4701.90.
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