Explore the best performing stocks of the day. Uncover stock market trends and investment insights July 12, 2024.
The stock market saw impressive gains on July 12, 2024, with several stocks outperforming expectations and delivering notable returns to investors. This article highlights the Best Performing Stocks of the Day, detailing their sectors, last traded prices (LTP), changes in value, and percentage changes. These stocks of the day exemplify strong performance and significant growth within their respective industries.
1. Railtel
Sector: Telecommunications Services
LTP: 570.95
Change: 50.80
%Chg: 9.77
Railtel, a leading player in the telecommunications services sector, emerged as one of the best performing stocks of the day. With a last traded price of 570.95, the stock saw a substantial increase of 50.80 points, translating to a 9.77% rise. This impressive gain reflects Railtel’s strong market position and robust growth prospects.
2. MMTC Ltd
Sector: Trading
LTP: 93.38
Change: 7.56
%Chg: 8.81
MMTC Ltd, operating in the trading sector, demonstrated significant growth with an LTP of 93.38. The stock experienced a positive change of 7.56 points, marking an 8.81% increase. This performance highlights the company’s resilience and strategic initiatives in the trading industry.
3. Inox Wind
Sector: Power – Generation & Distribution
LTP: 171.68
Change: 13.58
%Chg: 8.59
Inox Wind, a key player in the power generation and distribution sector, saw its stock rise to 171.68, with an increase of 13.58 points. The stock’s 8.59% growth underscores the company’s commitment to expanding its renewable energy projects and enhancing its market presence.
4. Ircon International
Sector: Engineering – Heavy
LTP: 341.15
Change: 21.25
%Chg: 6.64
Ircon International, from the heavy engineering sector, delivered strong results with a last traded price of 341.15. The stock’s 21.25-point increase, resulting in a 6.64% rise, reflects its ongoing infrastructure projects and strategic market expansions.
5. RITES
Sector: Transport Infrastructure
LTP: 768.05
Change: 46.00
%Chg: 6.37
RITES, a major transport infrastructure company, saw its stock climb to 768.05, gaining 46.00 points. The 6.37% increase highlights the company’s robust project pipeline and its pivotal role in enhancing transportation networks.
6. Zee Entertainment
Sector: Media & Entertainment
LTP: 156.42
Change: 9.24
%Chg: 6.28
Zee Entertainment, a prominent name in the media and entertainment sector, posted a last traded price of 156.42. With an increase of 9.24 points, the stock rose by 6.28%, reflecting its strong content portfolio and strategic market initiatives.
7. Firstsource Solutions
Sector: Computers – Software Medium & Small
LTP: 254.90
Change: 14.72
%Chg: 6.13
Firstsource Solutions, operating in the software sector, achieved a notable performance with an LTP of 254.90. The stock’s 14.72-point increase, marking a 6.13% rise, underscores the company’s growing influence in the software industry.
8. Rashtriya Chemicals and Fertilizers
Sector: Fertilisers
LTP: 235.80
Change: 13.29
%Chg: 5.97
Rashtriya Chemicals and Fertilizers, a key player in the fertilizers sector, saw its stock rise to 235.80. The 13.29-point increase resulted in a 5.97% gain, highlighting the company’s strategic initiatives in agricultural chemicals.
9. Fertilisers and Chemicals Travancore
Sector: Fertilisers
LTP: 1,102.65
Change: 53.20
%Chg: 5.07
Fertilisers and Chemicals Travancore posted an impressive performance with a last traded price of 1,102.65. The stock’s 53.20-point increase, equating to a 5.07% rise, underscores its strong market position and innovative product offerings.
10. Raymond
Sector: Textiles – Woollen & Worsted
LTP: 2,101.35
Change: 100.05
%Chg: 5.00
Raymond, a leading textiles company specializing in woollen and worsted fabrics, saw its stock rise to 2,101.35. The 100.05-point increase resulted in a 5% gain, reflecting the company’s strong brand presence and strategic market expansions.
Conclusion
In the stock market on July 12, 2024, the best shares demonstrated high growth throughout the sectors of telecommunications, trading, electric power production & distribution, engineering & construction of transport infrastructure, mass media, software & programming, fertilizers & textiles, etc.
These stocks of the day show the great path that the share market based on the different investment options present for the investors. Over time it surely has changes and being informed on the best performing stocks would inform better decision making by the investors.
Therefore, the good results in these stocks reveal the strength and flexibility of the market. Investors should be able to monitor the leading stocks in the stock market to make appropriate investment decisions that shall serve the investor’s intentions.
