As of writing today, April 16th,2024, the Nifty 50 index has experienced a decline, trading at 22,147.90, which marks a 0.56% decrease, dropping by 124.60 points from the previous close of 22,272.50. The day’s trading has ranged between a low of 22,079.45 and a high of 22,213.75. Over the past year, the Nifty has fluctuated between 17,553.95 and 22,775.70. Similarly, the BSE Sensex has also fallen by 0.62%, shedding 456.10 points to trade at 72,943.68. The Sensex has moved between 72,685.03 and 73,135.43 so far today, with a yearly range observed between 59,412.81 and 75,124.28.
In the Indian stock market, we discuss today’s top gainers, with VA Tech Wabag Ltd leading the surge.
VA Tech Wabag Ltd
This is a key player in the water treatment industry, and has emerged as one of the top gainers today. The stock has surged by 15.2%, trading at Rs 921.70. This significant rise has been supported by a daily high of Rs 945.00, which also represents a new 52-week high, jumping from a low of Rs 798.00. Over the last year, VA Tech Wabag has dramatically increased its market value, with shares ascending from a low of Rs 354.00, reflecting a 160.2% increase over the period.
Exide Industries Ltd
Another standout performer is Exide Industries Ltd, which has seen its shares climb by 15.0% to Rs 470.55. This gain has coincided with the stock hitting its daily and 52-week high at the same price point. The stock’s low during the day is Rs 406.60, significantly up from the yearly low of Rs 184.20. The company has shown a strong one-year growth of 153.8%, bolstered by its strong position in the battery manufacturing sector catering to a wide array of industries.
Amara Raja Batteries Ltd
Amara Raja Batteries Ltd has also featured among the top gainers, with its stock price increasing by 11.2% to trade at Rs 967.50. The stock has reached a high of Rs 979.05, nearly touching its 52-week peak, and has seen a low of Rs 861.20 for the day. This growth underscores the company’s strong foothold in the automotive battery market, through its well-known brands Amaron and Powerzone.
Aegis Logistics Ltd
Aegis Logistics Ltd, known for its oil, gas and petrochemical logistics solutions, has marked an upswing of 7.8%, with its shares priced at Rs 525.95. The stock has today peaked at Rs 533.00 so far, establishing a new 52-week high, and dipped to a low of Rs 485.05. The company’s strategic network of terminals and pipelines continues to drive its stock performance, reflecting confidence in its logistical capabilities.
Sterlite Technologies Ltd
Sterlite Technologies Ltd, specializing in connectivity and network solutions, has recorded a 6.8% increase in its stock price, ending the day at Rs 142.30. The stock has fluctuated between Rs 144.80 and Rs 132.00 during the day so far, with a yearly high and low of Rs 179.00 and Rs 110.00, respectively. Despite a slight year-on-year decrease of 11.8% in its stock price, the day’s performance indicates a potential rebound.
While the broader indices like the Nifty 50 and BSE Sensex experienced downturns, individual stocks such as VA Tech Wabag Ltd and Exide Industries Ltd showed remarkable gains, highlighting the variability and opportunities within the Indian stock market landscape.
