The markets are under significant pressure with headline indices Sensex and Nifty trading in negative territory. Despite the RBI rate cut and the BJP’s victory in the Delhi elections, investor sentiment remains weak for lack of fundamental triggers. Except for FMCG, all major sectoral indices are in the red, with the metal index plunging nearly 3%. Broader markets are also under pressure, as BSE Midcap and Smallcap indices decline by 1% each.
However, it is not all gloom and doom. There are a few stocks that have managed to stay afloat.
5 stocks that are up in a falling market
Here’s a look at five stocks in the BSE 100 that are trading in the green today.
Also Read Why are the stock markets falling today? 3 reasons… Why has the stock market fallen today? Here are 3 reasons… IT Stocks buck the stock market sell-off. Here’s why… Why is the stock market falling today? Here are 3 reasons… 1. Britannia
Britannia has emerged as a bright spot on the BSE 100 Index. The share price of Britannia is up 2.55% intra-day. This upward movement in the share price of Britannia comes at a time when the broader market sentiment remains bearish. Britannia Industries’ Q3 operating revenues up 6% and volume growth too came in higher than estimates at 6%. Other operating income surged 101% in Q3 on account of government grants related to Ranjangaon factory.
Britannia’s share price has shown mixed trends across different time frame. Over the past month, it has gained 1.08%, but in the last six months, it has dropped by 11.55%. On a yearly basis, however, Britannia has delivered a modest return of 0.49%.
ALSO READWhy are stock markets falling? 3 reasons are… 2. Cummins India
Cummins India is leading the gainers list today, with its share price climbing 6.65% to Rs 2,930.20. This is on the back of the company’s Q3FY25 performance. It has reported a 21.8% YoY revenue growth, reaching Rs 3,096.15 crore, compared to Rs 2,541.38 crore in the same quarter last year. EBITDA rose 10% to Rs 597.57 crore, although margins dipped slightly from 21.3% to 19.3%.
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