The Indian stock markets staged a recovery today after the Friday session’s selloff last week, with the benchmark Nifty 50 index rising 0.22%, 48.85 points to end at 22,104.05. The Sensex also inched up 0.15% or 111.66 points to close at 72,776.13.
The markets witnessed a volatile trading session, with the Nifty swinging between an intraday high of 22,131.65 and a low of 21,821.05. The Sensex too moved in a wide range, hitting a high of 72,863.56 and a low of 71,866.01 during the day’s trade. Sensex found support at the double bottom and got a rejection, with today’s positive close arising from that.
Lets take a look at some of the top performers today May 13th.
BEML Ltd
Leading the gainers’ pack was BEML Ltd, a state-owned commercial vehicle manufacturer, which saw its shares surge 14.48% , Rs 464.95 to settle at Rs 3,675. The stock touched an intraday high of Rs 3,718 and a low of Rs 3,252. BEML’s market capitalization stands at Rs 153.25 billion, with an average trading volume of 257,360 shares over the past 30 days. The company’s P/E ratio is a steep 92.26.
Hindustan Zinc Ltd
Another top gainer was Hindustan Zinc Ltd, a leading zinc producer, whose shares jumped 8.91% or Rs 46.8 to close at Rs 572.3. The stock hit an intraday high of Rs 586 and a low of Rs 506.8. Hindustan Zinc has a market cap of Rs 2.44 trillion and an average trading volume of 5.73 million shares. Its P/E ratio is a relatively modest 31.17.
Siemens Ltd
Shares of Siemens Ltd, the Indian subsidiary of the German conglomerate, rallied 7.49% to end at Rs 6,630.25. The stock touched an intraday high of Rs 6,666 and a low of Rs 6,218.55. Siemens Ltd has a market cap of Rs 2.36 trillion, with an average trading volume of 285,600 shares. Its P/E ratio stands at a high 117.82.
Tejas Networks Ltd
Tejas Networks Ltd, a telecommunication equipment maker, witnessed its shares surge 8.54% or Rs 95.55 to settle at Rs 1,215. The stock hit an intraday high of Rs 1,219 and a low of Rs 1,088.45. Tejas Networks has a market cap of Rs 204.64 billion and an average trading volume of 1.54 million shares. Its P/E ratio is an elevated 332.88.
UPL Ltd
Agrochemical company UPL Ltd saw its shares climb 7.59%, Rs 38.1 to end at Rs 540. The stock touched an intraday high of Rs 540 and a low of Rs 502.45. UPL has a market cap of Rs 401.05 billion and an average trading volume of 3.6 million shares.
Dr. Lal PathLabs Ltd
Shares of diagnostic chain Dr. Lal PathLabs Ltd gained 6.1% or Rs 143.15 to close at Rs 2,491.05. The stock hit an intraday high of Rs 2,540 and a low of Rs 2,417. Dr. Lal PathLabs has a market cap of Rs 207.53 billion and an average trading volume of 232,630 shares. Its P/E ratio stands at 57.96.
The market breadth was positive, with advances outpacing declines. Analysts attribute the recovery to bargain hunting by investors after the recent sell-off last week, as well as positive global cues. However, concerns over economic growth and corporate earnings remain, and the markets are expected to remain volatile in the near term.
