Nifty Top Gainers And Losers On Dec. 27: From Dr Reddy's, IndusInd Bank To Coal India
The NSE Nifty 50 ended 63.20 points or 0.27% higher at 23,813.40, and the BSE Sensex closed 226.59 points or 0.29% up at 78,699.07.
The stock markets closed higher on Friday, recouping the weekly loss with Dr. Reddy's Laboratories Ltd., Mahindra & Mahindra Ltd. and IndusInd Bank Ltd. emerging as the top gainers for the day.
Hindalco Industries Ltd., Coal India Ltd., State Bank of India, and Oil & Natural Gas Corp. were among the worst performers.
The NSE Nifty 50 ended 63.20 points, or 0.27% higher, at 23,813.40, and the BSE Sensex closed 226.59 points, or 0.29%, up at 78,699.07.
Dr. Reddy's, the top gainer in the Nifty, closed 2.53% higher at Rs 1,389.45 apiece after it rose as much as 3.18% during the day. The stock has risen 20.83% so far this month, making this the highest monthly gain since September 2020.
M&M was also among the key gainers of the day as its stock closed 2.48% higher at Rs 3,049.45 apiece on the NSE. The stock has seen a rise of 4.82% in the last two weeks.
IndusInd Bank's stock rallied to close 2.3% higher on Friday after the private sector lender said a day ago that it would sell over 10 lakh microfinance bad loans worth Rs 1,573 crore through an auction. The bank has invited bids from potential buyers for sale on a 100% cash basis on an "as is where is", "as is what is", and "whatever there is" basis.
Shares of Eicher Motors Ltd. closed 1.57% higher at Rs 4,876.90 per share after seeing a 3.20% rise during the day. This comes as the Nifty Auto and BSE Auto segment saw a rally on Friday with the expectation that the sector would see further growth momentum driven by an improvement in rural sentiments in the domestic market.
Bajaj Finance Ltd. was also among the top gainers. It closed 1.35% higher at Rs 6,907.75.
On the flip side, Hindalco Industries plunged up to 2.08%, before closing 1.81% lower at Rs 617.40 apiece. This is after a Rs 53-crore demand order from the Odisha tax authority.
Coal India Ltd. also saw a 1.82% fall, but recovered partially to close 1.58% down at Rs 380.50, followed by SBI that closed 1.58% lower at Rs 799.65. The fall in Coal India shares came after a senior company official told Informist that the firm could miss its production target of 838 million tonnes for this fiscal by 3–3.5% amid poor demand and congestion from pithead coal stocks piling up at its mines.
ONGC and Bharat Electronics Ltd., which were also among the drags, settled 1.39% and 1.30% lower, respectively.
