The stock market witnessed a mixed trend on Tuesday, with several stocks making significant gains or losses.
The market is experiencing a mixed trend, with the benchmark indices trading in a narrow range. The Nifty 50 soared to reclaim its 23,800 mark during early trade, but later gave up gains. Meanwhile, Sensex also surged 700 points in early trade before giving up gains.
Here's a rundown of the top performers and laggards of the day.
Ola Electric
Ola Electric Mobility Ltd.'s stock rose over 3% after the company settled its dues with Rosmerta Group, leading to the withdrawal of insolvency petitions. This development has boosted investor confidence in the EV maker.
Suzlon Energy
Suzlon Energy Ltd.'s share price soared to a near two-month high as Motilal Oswal Financial Services Ltd. initiated coverage, with a target price of Rs 70, implying a 21% upside. This bullish call has driven investor interest in the renewable energy company.
Garden Reach Shipbuilders
Garden Reach Shipbuilders & Engineers Ltd.'s shares rose to a three-month high after the company secured a contract for constructing and delivering two ships to a German firm. This order win has boosted the company's growth prospects.
IREDA
Indian Renewable Energy Development Agency Ltd.'s shares rose nearly 4%, as the company prepares to convene its board meeting to discuss and approve its borrowing plan for FY26.
Brigade Enterprises
Brigade Enterprises Ltd.'s shares surged over 6% after the company acquired land in Bengaluru for a premium residential project worth Rs 950 crore.
Colgate Palmolive
Colgate Palmolive Ltd.'s shares plummeted to a 52-week low as the company warned of muted growth in the fourth quarter due to a demand slowdown. This has raised concerns among investors about the company's future prospects.
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