The Indian stock market witnessed a positive session on Friday, with the benchmark indices Sensex and Nifty closing higher. The BSE Sensex gained 253.31 pts, 0.34%, to settle at 73,917, while the Nifty 50 index advanced 0.28% to end at 22,466.
BSE Sensex Index: TradingView
The market exhibited strength as small-cap and mid-cap stocks outperformed their larger counterparts. Lets dive in and look at the top 5 gainers for the day.
Moil Ltd
Moil Ltd emerged as the top gainer on the Nifty 50, surging 19.99% to close at Rs 524. The stock touched an intraday and 52-week high of Rs 524.85 and an intraday low of Rs 434.10. With a market cap of Rs 106.74 billion, Moil Ltd’s average trading volume stands at 4.86 million shares. The company’s price-to-earnings (P/E) ratio of 37.73 indicates a relatively high valuation compared to its peers.
Crompton Greaves Consumer Electricals Ltd
This was another notable gainer, climbing 15.13% to end the day at Rs 390. The stock recorded an intraday and 52-week high of Rs 398.80 and an intraday low of Rs 350.50. With a market capitalization of Rs 252.15 billion and an average trading volume of 4.47 million shares, the company’s P/E ratio stood at 59.39, suggesting a premium valuation.
GlaxoSmithKline Pharmaceuticals Limited
This company saw its shares rally 13.70% to close at Rs 2,299. The stock touched an intraday high of Rs 2,343.25 and a low of Rs 2,024.20. With a market capitalization of Rs 388.67 billion and an average trading volume of 104,090 shares, the company’s valuation remains attractive given its strong performance.
Godfrey Phillips India Ltd
The comonay shares soared 11.19% to end the session at Rs 4,000. The stock reached an intraday high of Rs 4,288.00 and a low of Rs 3,609.55. The ontraday high also records a new 52-week high. With a market capitalization of Rs 207.47 billion and an average trading volume of 112,790 shares, the company’s valuation appears reasonable, considering its growth prospects.
IFCI Ltd Rises Sharply
IFCI Ltd witnessed a significant surge of 9.93%, closing at Rs 61. The stock recorded an intraday high of Rs 61.45 and a low of Rs 55.45. With a market capitalization of Rs 160.61 billion and an average trading volume of 20.08 million shares, IFCI Ltd’s performance caught investors’ attention.
The stock market rally was broad-based, with small-cap and mid-cap stocks outperforming their larger counterparts. The market recovered from last week’s stock market slump, showcasing its strength. This strong recovery highlights the market’s ability to bounce back from temporary setbacks.
