Top Gainers and Losers in the Stock Market: Wipro, HUL, and Other Stocks
Most prominent changes in the stock market: Wipro, HUL and Others Experienced Volatility
The benchmark indices of the domestic stock market shares were pricy today like they were in most Asian markets. Sensex and Nifty started the day in the red but managed to recover and close green at the end of the day. The realty, pharma, IT, and auto industries provided strong backing as the Nifty sectors shifted towards gain of more than one percent.
The BSE Sensex for the last trading day settled at 76,520.38 and increased by 115.39 which is approximately 0.15 percent. Nifty 50 on the other hand finished at 23,205.35 which was an increase of 50 points or 0.22 IP. Due to some specific news, a number of individual stocks were active like many others. Here’s a further breakdown and analysis to discuss the prominent gainers and losers as well as the factors that drove them.
Most Active Stocks: Shares That Gained The Most On The Stock Market Yesterday
1.Paras Defence and Space Technologies
Latest Price: ₹1,078.45 (+4.84%)
Paras Defence registered astounding growths of 9.85% intraday and reached ₹1,130.00 after striking an MoU with the Maharashtra government. With this achieving, the company has proposed a massive ₹12,000 crores over the next decade with an operative commencement date of 2028. The government of Maharashtr will help with approving and subsidizing the required funds for the construction of an optics park in Navi Mumbai.
2.Wipro
Latest Price: ₹317.65 (+2.78%)
Wipro’s spectacular results for the December quarter gave them increased 5.02% intraday reaching a new year high of ₹324.55. The company earned a profit of ₹3,354 crores while their revenue and costs increased to ₹22,319 crores and their Operating profits increased significantly by 12.5%, reaching a total of ₹4,700 crores.
3.Amber Enterprises
Latest Price: ₹6,774.00 (+7.79%)
Amber Enterprises have turned into a rocket stock so far before the results for quarter results are released. It is incompletely expected that by the turn out of their result. It is expected that they will incur profits instead of the already incurred loss of ₹50 lakhs in Q4 FY23.
Price: ₹2,200.00 (+9.92%) MPS’s share price rose by 14.15% intraday to ₹2,284.65 and are now trading at ₹2,200.00 owing to an interim dividend of ₹33.00 per share for FY25. The company had previously issued a final dividend of ₹45 in August of 2024.
4.UltraTech Cement
Latest Price: ₹11,422.70 (+6.81%)
UltraTech Cement has emerged as the leading gainer on the Sensex Index, with an increase of 8.13% in share price intraday to ₹11,563.55. The company’s domestic sales volume for Q4 FY24 increased 10% compared to the previous year, increasing confidence in the company.
Top Losers: Stocks that fell
Hindustan Unilever Limited
Current Price: ₹2,327.00 (-0.68%)
After the December quarter results were released, HUL shares retraced by 3.75% intraday to 2255.00. Even though the company had a year on year profit growth of 19% to 2,989 crores, the demand woes from urban areas spooked investors. Trading without the gain from divesting of the Pureit business, the profit was 2,540 crore, low growth at best.
Colgate-Palmolive
Price: ₹2,742.00 (-1.11%)
Colgate shares fell 2.09% intraday and closed at ₹2,715.00. Poor urban demand trends in conjunction with greater demand for small packs of the products indicates less consumption.
Sammaan Capital
Currently Trading At: ₹157.10 (-3.26%)
The share price of Sammaan Capital fell by 4.77% to ₹154.65 during the intraday session after the announcement of a Qualified Institutional Placement (QIP) issue at ₹151.09. Detractors were already bearish, and the additional possible 5% discount on floor price did nothing to turn sentiment bullish.
