Tata Stock Jumps 6% To Lead Gainers As Markets Scale New Highs

  • Benzinga India
  • Stock Market News
Tata Stock Jumps 6% To Lead Gainers As Markets Scale New Highs
Credit: © Reuters.

Benzinga - Friday’s trading session witnessed a strong comeback from the bulls. The spotlight was on Tata Steel (NS: TISC ), which emerged as the top gainer, and Dr Reddy’s Laboratories, which saw the most significant dip.

Leading the pack of gainers, Tata Steel surged by an impressive 6.46% from its last close, currently priced at ₹149.95. The steel giant’s performance was a standout in today’s trading session.

Following closely, JSW Steel (NS: JSTL ) also saw substantial growth, with its stock price climbing 4.51% to ₹836.20. The steel industry, in general, seemed to be on a roll today.

Company Name Current Price Last Close % Change
Tata Steel ₹149.95 ₹140.85 6.46%
JSW Steel ₹836.20 ₹800.10 4.51%
Larsen & Toubro (L&T) ₹3633.50 ₹3477.55 4.48%
Titan Company (NS: TITN ) ₹3765.90 ₹3624.40 3.90%
IndusInd Bank (NS: INBK ) ₹1526.65 ₹1474.90 3.51%

Infrastructure titan Larsen & Toubro (L&T) wasn’t far behind, registering a 4.48% increase in its stock price, which now stands at ₹3633.50.

Titan Company, a leading jewellery and watch manufacturer, also had a good day at the market, with its stock price rising by 3.90% to ₹3765.90.

Completing the top five gainers, IndusInd Bank saw its stock price increase by 3.51% to ₹1526.65.

On the flip side, Dr. Reddy’s Laboratories emerged as the biggest underperformer, with its stock price falling by 3.59% to ₹6193.55.

Company Name Current Price Last Close % Change
Dr. Reddy’s Laboratories ₹6193.55 ₹6424.25 -3.59%
HCL Technologies (NS: HCLT ) ₹1644.10 ₹1663.85 -1.19%
Sun Pharmaceutical Industries ₹1559.25 ₹1577.95 -1.19%
Infosys (NS: INFY ) ₹1654.70 ₹1673.90 -1.15%
Britannia Industries (NS: BRIT ) ₹4927.70 ₹4965.20 -0.76%

IT firm HCL Technologies also witnessed a dip, with its stock price decreasing by 1.19% to ₹1644.10. Pharmaceutical company Sun Pharmaceutical Industries saw a slight decrease in its stock price by 1.19% to ₹1559.25. Another IT giant, Infosys, also saw its stock price fall by 1.15% to ₹1654.70.

Rounding off the bottom five performers, Britannia Industries experienced a slight dip in its stock price by 0.76% to ₹4927.70.

Domestic equity benchmark indices, the Sensex and Nifty 50 , closed Friday’s trading session on a positive note, buoyed by robust GDP figures.

During the session, the Nifty 50 surpassed the 22,300 mark intraday, while the Sensex also achieved a record high, crossing the 73,800 mark.

The BSE Sensex concluded the day higher by 1,245.05 points or 1.72% at 73,745.35, while the Nifty 50 closed at 22,338.75, up 355.95 points or 1.62%. The Nifty Small Cap 100 gained 0.52%, and the Nifty Midcap 100 rose by 0.94%.

Read Next: How IIT Madras Graduate Sridhar Ramaswamy Rose The Ranks To Lead Snowflake

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