In today’s April 30th trading session, the Indian stock market has demonstrated bullish momentum, with the NIFTY 50 reaching new highs and BSE SENSEX recording gains close to its all-time high. The NIFTY 50 has climbed to 22,783.35, marking a daily gain of 134.45 points, 0.59%. Meanwhile, the BSE SENSEX has also shown positive performance, increasing by 411.19 points to trade at 75,082.47, a 0.55% rise from the previous session as of writing. Both indices show bullish flag patterns in their charts. This trend is seen as a positive indicator for potential growth in the coming sessions, suggesting a bullish outlook in the near term.

Nifty 50 Index Price Chart: TradingView

In today’s session, some of the top gainers that have influenced the price to these highs include;

REC Limited

REC Limited is among the top gainers, with an impressive 9.98% increase in its share price, trading at Rs 509.55. This has been highly triggered by the annual results declaration and press meeting today at Taj Lands End Mumbai. REC has traded between Rs 463.20 and Rs 509.30 so far today. It boasts a substantial market cap of 1.34 trillion INR and an average trading volume of 10.22 million shares. The stock’s P/E ratio is 10.20, coupled with a dividend yield of over 3%, making it one of the more appealing stocks in terms of both price appreciation and dividend income.

Gillette India Limited

Gillette India Limited stood out as one of the top gainers today, with its share price surging by 9.69%, an increase of Rs 601.50, to trade at Rs 6,808.70 as of writing. This remarkable performance is significantly higher than its previous close of Rs 6,207.20. Trading within the day ranges between Rs 6,305.00 and Rs 6,859.00. The company’s market cap now stands at over 220 billion INR, reflecting strong investor confidence. The stock’s price-to-earnings (P/E) ratio is currently at 56.74, highlighting its premium valuation compared to the market average.

JM Financial Ltd

JM Financial share price has increased by 8.34%, trading at Rs 88.30. The shares have fluctuated between Rs 82.30 and Rs 90.35 so far today. With a market cap of over 84 billion INR and a significantly high trading volume of 4.09 million shares, the company shows strong trading activity. The stock’s P/E ratio stands at 12.17, combined with a dividend yield of over 2%, making it an attractive option for both growth and income investors.

Lux Industries Ltd

Its share price has increased by 6.41% to trade at Rs 1,505.15. The daily trading range is between Rs 1,420.00 and Rs 1,539.00. The company’s market cap has reached 45.26 billion INR, supported by an average trading volume of 119.52K. With a P/E ratio of 43.03, Lux Industries continues to command a strong market presence, indicative of its sustained demand and investor interest.

Sudarshan Chemical Industries Ltd

The company has seen its share price increase by 5.24%, to trade at Rs 747.65. The trading range for the day is between Rs 708.00 and Rs 757.60. The company’s market cap is now at 51.87 billion INR, with an average trading volume of 520.30K. The P/E ratio of 15.73 and a dividend yield of 0.53% reflect a balanced opportunity for growth-oriented investors.