On Friday Nifty gained to an all-time high of 24,861.15, the benchmark index closed 1.76% higher at 24,834.85. 47 stocks gained while 3 declined Shriram Finance led the gains, while ONGC experienced the most significant drop.
Shriram Finance topped the chart, with its shares surging by 9.18% to ₹2925, following a robust Q1 earnings report that revealed a 19% year-on-year increase in consolidated net profit, reaching ₹2,022.8 crore.
Top Gainers
| Company | Current Price | Last Close | % Change |
|---|---|---|---|
| Shriram Finance | ₹2925.0 | ₹2679.0 | 9.18% |
| Divis Laboratories | ₹4790.6 | ₹4547.0 | 5.36% |
| Cipla | ₹1575.0 | ₹1500.05 | 5.0% |
| Bharti Airtel | ₹1514.4 | ₹1449.15 | 4.5% |
| Apollo Hospitals | ₹6664.55 | ₹6385.8 | 4.37% |
Divis Laboratories and Cipla followed suit, with substantial gains of 5.36% and 5.00% respectively. Cipla was buoyed by strong quarterly results. Bharti Airtel and Apollo Hospitals also saw notable increases, enhancing their market positions.
See Also: Vedanta Announces 4% Dividend: Check Record Date
Conversely, ONGC was the session’s biggest laggard, with a decline of 1.25%, closing at ₹331.60.
Tata Consumer Products fell 0.88%. Nestle India also faced a slight downturn, shedding 0.15% off its previous close.
Top Losers
| Company | Current Price | Last Close | % Change |
|---|---|---|---|
| ONGC | ₹331.6 | ₹335.8 | -1.25% |
| Tata Consumer Products | ₹1212.80 | ₹1223.60 | -0.88% |
| Nestle India | ₹2476.9 | ₹2480.65 | -0.15% |
Vinod Nair, head of research, at Geojit Financial Services, said, “The domestic market experienced a substantial rebound on the start of the next month’s expiry, recovering from the recent losses incurred following the Union budget. This upturn was driven by positive reactions to the better-than-expected US GDP, which augurs well for global demand. Investors are adopting buy on dip strategy, refocusing on quarterly earnings and stock-specific trends. Notably, gains were observed across sectors, with Metals and IT leading, and midcaps outperforming.”
Read Next: Indusind Bank's Q1 Net Profit Inches Up 1.3% to ₹2,152 Cr, Misses Estimates
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