Top Nifty gainers and losers: Cipla and Divi’s gain, HCL, TCS sink

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November 24, 2023
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NIACL | CMP Rs 209 | Shares of New India Assurance Company surged 20 percent and got locked in upper circuit. The analysts’ bullish outlook as well as the company’s performance in the current fiscal drove the surge in price.

.,., After a volatile day, benchmark indices closed with cuts on November 24, extending the losing run to the second session. IT stocks were among the biggest drags while buying was seen in pharma and metal stocks. The headline indices have been trading in a range for a while now in the want of any significant trigger. Smallcap stocks maintained their outperformance for another session. At the close, the Sensex was down 47.77 points or 0.07 percent at 65,970.04, and the Nifty was down 7.30 points or 0.04 percent at 19,794.70. About 1734 shares advanced, 1817 shares declined, and 133 shares unchanged.

.,.,., Cipla Ltd: Shares of the pharmaceutical major bounced back over 2 percent to Rs 1,198 to become the top gainer on the Nifty, a day after it slumped over 7 percent. The surge came after HSBC maintained a buy rating. The brokerage said “We don’t assume additional risk for Gadvair for which, site transfer is underway,” it said. The positive traction observed in its key marketed products is expected to bolster sales in the United States in FY24-26, it said.

,..,,. Divi’s Laboratories Ltd: The share gained over 2 percent to Rs 3,767, snapping its two-day losing streak. As many as 5 lakh shares changed hands, equalling the 1-month average.

m,.,,. Hindalco Ltd: Shares of the Aditya Birla Group company gained over a percent to Rs 507, extending gains for the second day. Volumes were low, as 32 lakh shares changed hands against the one-week average of 56 lakh shares.

.,., Adani Enterprises Ltd: Shares of the flagship Adani firm rose over 2 percent to Rs 2,225. This comes after the Supreme Court said that one doesn’t have to treat the Hindenburg report as being a statement of truth. There is no means of testing the varacity of the Hindenburg report and hence asked SEBI to probe.

.,.,. Axis Bank Ltd: Shares of the private lender gained 1 percent to Rs 1,008, extending its rally for the fourth day in a row.

.,.,...,.,.,..,.,.,.,.,.,..,... HCL Tech Ltd: Shares of the IT firm fell 1.5 percent to Rs 1,309, declining for the second day in a row. Volumes were low, as nine lakh shares changed hands as against the one-week average of 19 lakh.

.,.,. TCS Ltd: Shares of the country’s leading IT player declined over a percent to Rs 3,475 as the IT services major turned ex-buyback. The company in October approved a buyback of shares worth Rs 17,000 crore at Rs 4,150 apiece.

.,.,. Wipro Ltd: The IT stock fell 1.7 percent to Rs 396, a day after it traded in the green. About 17 lakh shares changed hands against the 1-week average of 39 lakh shares.

.,...,.,..,.,.., Apollo Hospitals Enterprises Ltd: The healthcare firm traded lower for the second day in a row at Rs 5,401, down by 1.7 percent from the previous close on the NSE. Only 1 lakh shares changed hands as against the 1-month average of 5 lakh shares.