The big movers in trade today: A look at top 5 gainers on Nifty

The markets have been trending higher for the second consecutive session on Thursday. The food delivery major occupied the top spot for the second straight day with almost a 5% rally in today’s trade. Here’s a list of the top five movers that surged the most on the Nifty 50. 

Zomato

The share price of Zomato has been rallying for the past few sessions. The stock has been in high demand, gaining 12.5% in the past one week. Zomato’s share price has raised investors’ wealth by 7% in the past one month. The company, which is now named Eternal, has a market capitalisation of Rs 2.48 lakh crore. It has a price-to-earnings ratio of 469.78. The food-delivery giant is also in the business of quick commerce. It has recently joined the Nifty 50. 

ALSO READIs Zydus Lifesciences heading for a 10% decline in 12 months? Nuvama reveals 3 key reasons Dr Reddy’s Lab

The pharma major Dr. Reddy’s Lab’s share price has risen 3% in today’s trade and was one of the top five gainers in the Nifty 50. The company has collaborated with Alvotech to co-develop, manufacture, and commercialise a biosimilar version of Keytruda (pembrolizumab) for global markets. Keytruda ia cancer treating drug. The stock price has moved up 14.5% in the past three months. It has raised investors’ wealth by 49.72% in the previous three years. 

Trent

Another stock that topped the charts was Trent. The Tata Group stock rose more than 3%. It has risen 5.56% in the last one month. The stock has increased by 11% in the previous three months. Trent’s market capitalisation stands at Rs 2.02 lakh crore. Its PE ratio stands at 130.91, and its PB ratio at 43.27. Over the last four quarters, the foreign institutional investors have diluted their stake in Trent from 26.81% to 19.65%. 

Power Grid Corporation

The stock price of Power Grid Corporation surged 2% in today’s trade and was one of the top five gainers in the Nifty 50. The stock has fallen 4.6% in the past one month. However, it has risen by 11.6% in the previous six months. Power Grid Corp’s share price has declined by 1.5% in the previous one year. The company has a market capitalisation of Rs 2.74 lakh crore.

 » Read More

Related Articles

Income Tax Dept cracks down on high spenders hiding income: Strict monitoring of THESE high-value transactions

The Income Tax Department is now using modern data analysis techniques to detect those who have hidden or shown less income. For this, the department is working with various government agencies to collect information about such individuals who spend heavily but do not report their income properly. What is the new update? The Central Board

‘Indusind Bank doing well’: RBI Gov says adequate steps taken to help improve accounting

The Reserve Bank governor, Sanjay Malhotra, gave a positive outlook on the IndusInd Bank, speaking to the media at a press conference after the MPC meeting on Friday. In the post-meeting conference, the RBI Governor pointed out that the bank’s accounting condition has improved. “I think the bank has taken enough steps to improve their

Bharti Hexacom slides 3% after Motilal Oswal downgrades to ‘Neutral’: 4 reasons why

The share price of Bharti Hexacom is down 3% after Motilal Oswal downgraded the stock to Neutral. The target price is set at Rs 1,900 per share. This is around the 52-week high of the share. This, as a result indicates very little downside for the stock in the near-term. According to the brokerage house

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
0FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles

Income Tax Dept cracks down on high spenders hiding income: Strict monitoring of THESE high-value transactions

The Income Tax Department is now using modern data analysis techniques to detect those who have hidden or shown less income. For this, the department is working with various government agencies to collect information about such individuals who spend heavily but do not report their income properly. What is the new update? The Central Board

‘Indusind Bank doing well’: RBI Gov says adequate steps taken to help improve accounting

The Reserve Bank governor, Sanjay Malhotra, gave a positive outlook on the IndusInd Bank, speaking to the media at a press conference after the MPC meeting on Friday. In the post-meeting conference, the RBI Governor pointed out that the bank’s accounting condition has improved. “I think the bank has taken enough steps to improve their

Bharti Hexacom slides 3% after Motilal Oswal downgrades to ‘Neutral’: 4 reasons why

The share price of Bharti Hexacom is down 3% after Motilal Oswal downgraded the stock to Neutral. The target price is set at Rs 1,900 per share. This is around the 52-week high of the share. This, as a result indicates very little downside for the stock in the near-term. According to the brokerage house

Big change in ICICI Bank credit card airport lounge access rules: Know new spending limit, eligibility

Many banks have recently updated their rules regarding credit card usage at airports for lounge access. Joining the list, another leading bank ICICI Bank has announced some changes too for its credit card users. These changes will take effect on July 1 this year. According to the latest update, eligible ICICI Bank credit cardholders can

Rs 855 crore land deal: Find out who bought Balaji IT Park in Mumbai from Jeetendra Kapoor and family

NTT Global Data Centres, a subsidiary of Japanese IT infrastructure and service company NTT Data, has purchased a land parcel for Rs 855 crore in Mumbai. The company bought the property from the Bollywood actor Jeetendra Kapoor and his family in Mumbai’s suburban region in Andheri.  ALSO READGarden Reach Shipbuilders expands offshore capabilities: Inks multiple