The Indian stock markets had a relatively subdued session on Tuesday, with the benchmark indices Nifty 50 and Sensex ending nearly flat. The Nifty 50 closed at 22,888.15, down a marginal 0.19%, while the Sensex ended at 75,170.45, up 0.29% or 220.05 points.
The indices displayed a narrow trading range, with the Nifty 50 fluctuating between 22,858.50 and 22,998.55 and the Sensex moving between 75,083.22 and 75,585.40 points. The flat close came on the back of mixed cues from global markets and profit-booking by investors after the recent rally.
BSE Sensex Index: TradingView
Let’s look at the overall top gainers for the day after close. DOMS Industries topped the gainers in the early trading hours.
Hatsun Agro Product Ltd
One of the major gainers of the day was Hatsun Agro Product Ltd, a leading dairy company. The stock surged 11.5% to close at Rs 1,116.05, up Rs 115.10 from its previous close of Rs 1,000.95. The company’s shares traded within a wide range of Rs 999.10 to Rs 1,160.00 during the session.
3M India Ltd
Another standout performer was 3M India Ltd, a subsidiary of the American conglomerate 3M Company. The stock gained 9.92% to close at Rs 34,010.10, up Rs 3,068.00 from its previous close. The trading range for the day was Rs 30,295.65 to Rs 34,599.00.
With a market capitalization of Rs 382.81 billion and an average trading volume of 5.39K shares, 3M India Ltd commands a strong presence in the Indian market. The stock’s price-to-earnings ratio of 70.13 suggests that investors are willing to pay a premium for the company’s growth prospects.
GlaxoSmithKline Pharmaceuticals Limited
In the pharmaceutical sector, GlaxoSmithKline Pharmaceuticals Limited witnessed a 4.19% surge, closing at Rs 2,460.00, up Rs 99.00 from its previous close. The stock traded within a range of Rs 2,371.95 to Rs 2,499.40 during the day.
With a market cap of Rs 421.00 billion and an average trading volume of 166.08K shares, GlaxoSmithKline Pharmaceuticals Limited’s strong performance was driven by positive sentiment in the healthcare sector. The stock currently trades at a price-to-earnings ratio of 70.63, reflecting investors’ confidence in the company’s future growth potential.
Prism Johnson Ltd
Prism Johnson Ltd, a building materials company, also had a remarkable session, with its stock climbing 4.75% to close at Rs 155.50, up Rs 7.05 from its previous close. The trading range for the day was Rs 146.50 to Rs 159.40.
With a market capitalization of Rs 78.42 billion and an average trading volume of 409.46K shares, Prism Johnson Ltd’s strong performance was aided by positive sentiment in the construction and infrastructure sector. The company’s growth prospects and potential for further expansion contributed to investor interest.
Other Notable Movers
Among other notable movers to add on the count, Future Retail Ltd closed at Rs 2.10, up from its previous close of Rs 2.00, while ZF Commercial Vehl Cntrl Sytm India Ltd gained 4.18% to close at Rs 16,942.00. Arvind Ltd, a textile company, surged 5.17% to Rs 368.00, and Sun Tv Network Ltd closed 3.22% higher at Rs 657.15.
In the pharmaceutical space, Glenmark Pharmaceuticals Ltd rose 3.71% to Rs 1,161.00, while Coromandel International Ltd, an agri-input company, climbed 3.97% to Rs 1,295.95, trading at a price-to-earnings ratio of 23.25.
