PSU Stock Races 5% To Lead Gainers As Market Ends Flat

On Tuesday, Nifty 50 ended up flat, gaining 0.02% to 23,264.85. ONGC stood out as the top gainer, while Kotak Mahindra Bank was the biggest loser.

Shares of ONGC surged by 5.56%, making it the day’s standout performer on the NIFTY 50. This surge is attributed to a strong recommendation from the global research firm Jefferies, which retained its “buy” call on ONGC. The firm’s positive outlook is based on the central government’s policy continuity, expected to sustain ONGC’s profitability.

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Top Gainers

StockCurrent PriceLast Close% Change
Tata Motors₹987.1₹972.151.54%
Adani Ports₹1403.45₹1384.051.40%
Maruti Suzuki₹12863.65₹12717.551.15%

Following ONGC, L&T and Tata Motors also posted notable gains, with their shares rising by 1.55% and 1.54% respectively. Adani Ports and Maruti Suzuki rounded off the top five gainers, with increases of 1.40% and 1.15% respectively.

On the other end of the spectrum, Kotak Mahindra Bank was the biggest loser, with its shares falling by 1.47%. Divi’s Laboratories and Asian Paints also faced significant declines, with their shares dropping by 1.34% and 1.2% respectively. Dr. Reddy’s Laboratories and Reliance Industries completed the list of the bottom five performers, with their shares decreasing by 1.1% and 1% respectively.

Top Losers

StockCurrent PriceLast Close% Change
Kotak Mahindra Bank₹1720.0₹1745.65-1.47%
Divi’s Laboratories₹4475.45₹4536.25-1.34%
Asian Paints₹2902.5₹2937.55-1.2%
Dr. Reddy’s₹6039.25₹6106.15-1.1%
Reliance Industries₹2913.35₹2942.8-1.0%

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