On Friday, Nifty 50 gained 1.04% to 24,367.50. 44 stocks ended up in the green while 6 declined.
The star of the day was Eicher Motors, which saw a substantial gain of 5.54%, taking its current price to ₹4830.60 from the previous close of ₹4576.90. Eicher Motors gained after brokerages gave a 27% upside for the stock after its Q1 results.
See Also: PPFAS Flexi Cap Ups Stake In Power Grid, Coal India, Maruti, Slashes Holdings In Banks
| Company | Current Price | Last Close | % Change |
| Eicher Motors | ₹4830.6 | ₹4576.9 | 5.54% |
| ONGC | ₹332.55 | ₹322.7 | 3.05% |
| Shriram Finance | ₹2958.1 | ₹2872.2 | 2.99% |
| Tech Mahindra | ₹1506.7 | ₹1466.45 | 2.74% |
| Tata Motors | ₹1068.1 | ₹1041.75 | 2.53% |
Following closely was ONGC, with a 3.05% increase, taking its current price to ₹332.55 from the last close of ₹322.70. Other notable gainers included Shriram Finance, Tech Mahindra, and Tata Motors, which rose by 2.99%, 2.74%, and 2.53% respectively.
On the flip side, BPCL led the pack of underperformers with a 1.45% decrease, bringing its current price down to ₹333.40 from the last close of ₹338.30.
| Company | Current Price | Last Close | % Change |
| BPCL | ₹333.40 | ₹338.30 | -1.45% |
| HDFC Life | ₹702.4 | ₹710.35 | -1.12% |
| Kotak Mahindra Bank | ₹1769.65 | ₹1772.75 | -0.17% |
| Sun Pharma | ₹1735.3 | ₹1737.05 | -0.10% |
| Divi’s Laboratories | ₹4829.95 | ₹4834.5 | -0.09% |
Not far behind was HDFC Life Insurance, which saw a slight dip of 1.12%, reducing its current price to ₹702.4 from the previous close of ₹710.35. Other stocks that witnessed a downward trend included Kotak Mahindra Bank, Sun Pharma and Divi’s Laboratories with minimal decreases of 0.10%, 0.09%, and 0.08% respectively.
Vinod Nair, Head of Research, Geojit Financial Services said, “Positive US jobless claims data eased the fears of recession and provided a favourable broader market reaction. The IT index outperformed in expectation of improved spending. Though the sentiment is gaining traction, a lack of fresh triggers and subdued earnings will be a deterrent to higher valuation. To safeguard the sentiment, investors are advised to shift their focus from growth stocks to value stocks.”
Read Next: Mahindra & Mahindra Seeks Govt Approval To Set Up JV With China’s Shaanxi Automobile Group: Report
Engineered by Benzinga Neuro, Edited by Ananthu CU
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.