In today’s trading session, several stocks managed to outperform the broader market, despite a weak overall performance from major indices. The Sensex was down by 370 points, and the Nifty closed at 24,650, reflecting a negative sentiment across most sectors. However, some stocks bucked the trend, posting impressive gains, led by the banking sector.
Key Stocks Gaining Over 3%:
- Axis Bank
- Current Price: ₹1,185.50
- % Gain: 4.74%
- Axis Bank emerged as the top gainer, driven by strong quarterly earnings and a bullish outlook on its loan growth and profitability.
- Wipro
- Current Price: ₹549.75
- % Gain: 3.97%
- Wipro showed resilience despite weakness in the broader IT sector. Strong deal pipelines and positive quarterly performance contributed to the stock’s rise.
- Pidilite Industries
- Current Price: ₹3,262.25
- % Gain: 3.42%
- Pidilite Industries surged as investors cheered the company’s stable earnings and growth in its adhesive and construction chemical segments.
- Eicher Motors
- Current Price: ₹4,749.95
- % Gain: 2.73%
- Eicher Motors posted gains due to expectations of strong sales growth in the premium motorcycle segment and an overall positive outlook for the auto industry.
While most sectors were in the red, with banking stocks standing out as the top performers, these companies managed to hold their ground, demonstrating strength despite broader market volatility.
The Nifty Bank index rose by 218.90 points or 0.43%, while the overall Sensex fell by 370 points and Nifty 50 lost 83.10 points.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
