Check out the top 10 best performing stocks of June 24, 2024, in the stock market
The Indian stock market continues to exhibit dynamic growth and opportunities for investors. As of June 24, 2024, several stocks have shown exceptional performance, driven by various sectoral strengths and company specific factors. Here’s a detailed look at the top 10 best performing stocks on June 24, 2024.
1. Bombay Burmah Trading Corporation (BBTC)
Sector: Plantations Tea & Coffee
Last Traded Price (LTP): ₹1,919.00
Change: ₹235.10
% Change: 13.96%
Bombay Burmah Trading Corporation leads the pack with an impressive 13.96% rise. The company’s significant gains can be attributed to robust demand in the tea and coffee sectors, coupled with strong export figures and favorable weather conditions aiding plantation yields.
2. JK Paper
Sector: Paper
LTP: ₹548.20
Change: ₹38.50
% Change: 7.55%
JK Paper has shown substantial growth, reflecting a 7.55% increase. The rising demand for paper products, especially in packaging and industrial uses, has bolstered the company’s stock. Additionally, increased focus on sustainability and recycling has enhanced its market position.
3. Garden Reach Shipbuilders & Engineers Ltd (GRSE)
Sector: Engineering Heavy
LTP: ₹1,763.00
Change: ₹118.75
% Change: 7.22%
Garden Reach Shipbuilders & Engineers, a key player in the heavy engineering sector, saw a 7.22% rise. Garden Reach Shipbuilders & Engineers Ltd (GRSE) is one of the top 10 best performing stocks. New defense contracts and a surge in government spending on infrastructure and military modernization have driven the company’s performance.
4. Mangalore Refinery and Petrochemicals Ltd (MRPL)
Sector: Refineries
LTP: ₹227.70
Change: ₹15.04
% Change: 7.07%
MRPL has experienced a 7.07% increase, benefiting from higher refining margins and increased demand for petroleum products. The company’s strategic expansions and modernization projects have also contributed to its robust performance.
5. RattanIndia Enterprises
Sector: Miscellaneous
LTP: ₹86.24
Change: ₹5.67
% Change: 7.04%
RattanIndia Enterprises, operating in diverse sectors, reported a 7.04% gain in the stock market. The company’s ventures in renewable energy, fintech, and e-commerce are driving its growth, supported by strategic investments and partnerships.
6. Bajaj Holdings & Investment Ltd
Sector: Finance Investments
LTP: ₹8,805.25
Change: ₹578.60
% Change: 7.03%
Bajaj Holdings has marked a 7.03% rise, reflecting its strong investment portfolio and gains in its subsidiary companies. The firm’s strategic financial management and diversification have positioned it well in the investment sector.
7. Gujarat Pipavav Port Ltd
Sector: Shipping
LTP: ₹217.20
Change: ₹12.21
% Change: 5.96%
Gujarat Pipavav Port, a key player in the shipping sector, saw its stock increase by 5.96%. Gujarat Pipavav Port is one of the top 10 best performing stocks. Enhanced port operations, increased cargo volumes, and strategic partnerships have driven the company’s growth.
8. BEML Limited
Sector: Infrastructure General
LTP: ₹4,625.00
Change: ₹256.65
% Change: 5.88%
BEML Limited has posted a 5.88% gain, benefiting from government initiatives to boost infrastructure development. The company’s diverse product range in construction, mining, and defense equipment has fueled its performance.
9. Varroc Engineering Ltd
Sector: Engineering Heavy
LTP: ₹701.00
Change: ₹38.20
% Change: 5.76%
Varroc Engineering, a major player in the automotive component sector, recorded a 5.76% rise. The company’s growth is attributed to strong demand in the automotive industry and its focus on innovation and quality.
10. Asahi India Glass Ltd
Sector: Glass & Glass Products
LTP: ₹714.05
Change: ₹36.15
% Change: 5.33%
Asahi India Glass has shown a 5.33% increase, driven by rising demand in the construction and automotive sectors. The company’s investments in new technologies and capacity expansion have also played a crucial role in its growth.
Conclusion
The top 10 best performing stocks of June 24, 2024, showcase a diverse array of sectors driving growth. From plantations and paper to heavy engineering and finance, these top performing stocks highlight the robust and varied nature of India’s economic landscape. Investors seeking opportunities should consider the underlying strengths and strategic developments of these companies as they reflect broader market trends and future growth potential.
