On Friday, India stock markets continued their upward trajectory setting new records as investors cheered positive economic signals. The Nifty 50 index surged by 2.05% adding 468.75 pts to close at 23,290.15 while the BSE Sensex gained 2.16% rising by 1,618.85 pts to settle at 76,693.36. This marked a significant close at fresh highs for Sensex while also the Nifty 50 showed strong performance to end the week.
Nity 50 Index: TradingView
Let’s look at the nifty 50 gainers for the week ended 7th June 2024.
Mahindra & Mahindra Ltd led the pack with a remarkable weekly gain of 14.0% closing Friday at Rs 2,857.5. The stock climbed by 157.60 pts representing a 5.8% increase on the day. Over the month its shares appreciated by 30.9% underscoring a strong growth trajectory
Top 10 Nifty 50 Weekly Gainers: (Source – Trendlyne)
Tech Mahindra Ltd also showed impressive performance with its shares up 12.1% over the week. On Friday the stock gained by 60.15 pts or 4.6% to close at Rs 1,377.6. This positive movement contributed to a monthly rise of 7.0%
Hindustan Unilever posted a 10.7% gain for the week with its stock price rising by 28.20 pts which was a 1.1% on Friday to close at Rs 2,577.8. The company shares have seen a monthly increase of 10.1%
Wipro Ltd closed at Rs 484.6 which was up by 23.55 pts or 5.1% on Friday, reflecting a 10.6% weekly rise. Despite a challenging 3 month period where it recorded a 6.0% decline, the day’s and weekly gain were a positive note
Hero MotoCorp Ltd ended the week with a 9.0% gain though it saw a slight increase on Friday of 0.9% or 47.60 pts closing at Rs 5,581.9. The stock has performed well monthly rising by 21.0%
Infosys Ltd saw a 9% increase over the week and ended Friday up by 61.35 pts or 4.2% closing at Rs 1,533.6. However it faced a slight 3-month decline of 5.1% but with a monthly gain of 7.5%
HCL Technologies Ltd experienced an 8.1% weekly gain closing at Rs 1,431.5 after increasing by 34.00 pts or 2.4% on Friday. It showed a 9% monthly gain but a decline of 12.6% over the 3 months period
Bajaj Finance Ltd closed the week up by 7.4% with a last traded price of Rs 7,191.4 after gaining 265.60 pts or 3.8% on Friday. The monthly trend also showed a positive move of 5.8%.
Tata Consumer Products Ltd was the outlier with a slight weekly increase of 7.1%, a monthly gain of 1.9% and a 3-month drop of 10%. It closed down 4.25 pts or 0.4% on Friday at Rs 1,135.7
Bajaj Auto Ltd ended the day slightly up by 0.3% or 24.10 pts closing at Rs 9,725.6. It saw a 7.1% weekly gain and an 11.2% rise over the month.
