Check out the best performing stocks of July 02, 2024, in the stock market
On July 2, 2024, the stock market witnessed significant movements with several stocks delivering impressive performance. This article highlights the best performing stocks of the day, focusing on their sectors, latest trading prices (LTP), and percentage changes.
1. JK Paper (Paper Sector)
LTP: ₹604.65
Change: ₹69.80
% Change: 13.05%
JK Paper emerged as the best performing stocks of the day, with its stock price surging by 13.05%. This significant rise can be attributed to strong quarterly earnings and increasing demand in the paper industry. Investors are optimistic about the company’s growth prospects, driven by expanding production capacities and robust sales.
2. EPL (Packaging Sector)
LTP: ₹220.05
Change: ₹18.05
% Change: 8.94%
EPL, a key player in the packaging sector, saw its stock price increase by 8.94%. The company’s strategic initiatives, including expansion into new markets and innovative packaging solutions, have boosted investor confidence. The rising demand for sustainable packaging is also contributing to EPL’s positive performance
3. Archean Chemical (Chemicals Sector)
LTP: ₹732.80
Change: ₹51.90
% Change: 7.62%
Archean Chemical recorded a notable gain of 7.62% today. It is one of the best performing stocks of the day. The company’s robust performance in the chemicals sector, driven by strong product demand and operational efficiencies, has led to this stock price appreciation. Investors are bullish on the company’s future growth, given its strategic investments in research and development.
4. Solar Industries (Chemicals Sector)
LTP: ₹10,822.60
Change: ₹724.00
% Change: 7.17%
Solar Industries’ stock price jumped by 7.17%, reflecting strong market sentiment. The company’s leadership in the explosives and chemicals market, along with its expanding global footprint, has attracted significant investor interest. Recent contract wins and favorable industry trends have further propelled its stock.
5. TV18 Broadcast (Media & Entertainment Sector)
LTP: ₹44.50
Change: ₹2.97
% Change: 7.15%
TV18 Broadcast saw its shares rise by 7.15%, driven by positive developments in the media and entertainment sector. Increased viewership, strategic partnerships, and diversification into digital platforms have bolstered the company’s market position, leading to heightened investor optimism.
6. 3M India (Diversified Sector)
LTP: ₹40,399.85
Change: ₹2,542.75
% Change: 6.72%
3M India’s stock climbed by 6.72%, reflecting the company’s strong performance across its diversified portfolio. It is one of the best performing stocks of the day. Innovations in healthcare, consumer goods, and industrial solutions have driven growth. The company’s commitment to sustainability and technological advancements continues to enhance its market appeal
7. Alembic Pharmaceuticals (Pharmaceuticals Sector)
LTP: ₹977.00
Change: ₹53.50
% Change: 5.79%
Alembic Pharmaceuticals experienced a 5.79% increase in its stock price. The company’s strong pipeline of generic drugs, coupled with its expansion in international markets, has fueled investor confidence. Positive clinical trial results and regulatory approvals have also contributed to this upward trend.
8. NLC India (Power Generation & Distribution Sector)
LTP: ₹256.30
Change: ₹12.16
% Change: 4.98%
NLC India saw its shares rise by 4.98%, driven by its strong performance in the power generation and distribution sector. It is one of the best performing stocks of the day. The company’s ongoing projects in renewable energy and its strategic initiatives to enhance operational efficiency have boosted investor sentiment.
9. Godrej Properties (Construction & Contracting Real Estate Sector)
LTP: ₹3,314.65
Change: ₹153.00
% Change: 4.84%
Godrej Properties’ stock rose by 4.84%, reflecting the company’s robust performance in the real estate sector. Strategic project launches, strong sales, and an emphasis on sustainable development have contributed to its positive market performance.
10. Sumitomo Chemical (Pesticides & Agrochemicals Sector)
LTP: ₹501.45
Change: ₹22.70
% Change: 4.74%
Sumitomo Chemical’s stock increased by 4.74%, driven by strong demand for its agrochemical products. It is one of the best performing stocks of the day. The company’s focus on innovation and sustainability in agriculture has resonated well with investors, leading to positive stock performance.
Conclusion
The stock market today experienced significant movements across different industries, with JK Paper taking the lead with a 13.05% rise. This success can be attributed to robust earnings, strategic growth plans, and positive market environments. Investors are advised to monitor these leading stocks for possible investment chances and ongoing expansion in the upcoming period.
