Here are the biggest Nifty50 gainers and losers since last Muhurat session


by 5paisa Research Team Last Updated: Dec 10, 2022 - 12:07 pm 47.8k Views
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The National Stock Exchange’s benchmark index, the 50-stock Nifty, has gained around 40% since the Muhurat trading session last year on the day of the Diwali, which was on November 14. Indeed, the past one year has seen unprecedented wealth creation. And while some stocks have been outperformers, a few have disappointed their investors.

Big gainers

As many as seven Nifty stocks have more than doubled in the last year or so as the investors look to book orders on Muhurat trading session this year on Thursday, November 4. Five of these are firms that are part of old family groups—Tata, Birla and Bajaj.

Tata Motors and Tata Steel have been the biggest gainers over the last year or so with the automaker more than tripling in value while the alloy maker nearly matching the sibling.

Tata Steel was not the sole exception as commodity prices helped boost several companies. Aditya Vikram Birla Group’s aluminium company Hindalco and group flagship Grasim, a diversified holding firm that also houses several commodity units, have also more than doubled in value.

Two PSU stocks—energy giant Oil & Natural Gas Corp and the top lender State Bank of India—were among the top gainers. Bajaj Finance was also among the stocks that zoomed.

JSW Steel and Adani Ports also nearly doubled since the last Muhurat session.

Laggards

Among those that underperformed the index were clearly the automobile pack outside of Tata Motors. Two-wheeler companies Hero MotoCorp and Bajaj Auto, commercial vehicle and tractor makers Eicher and Mahindra & Mahindra as also the country’s top passenger vehicle maker Maruti Suzuki were among the laggards.

Hero MotoCorp, in fact, was the biggest loser and has declined nearly 15% since the last Muhurat session. Drugmaker Dr Reddy’s Labs and state-run Power Grid Corp reported a marginal decline of around 2% in their shares.

HDFC Life Insurance, Britannia, Eicher and state-run BPCL were among those that churned out low single-digit returns.

In the IT pack, Wipro, Infosys, Tech Mahindra and HCL outperformed the Nifty while Tata Consultancy Services recorded a modest performance.

Heavyweight Reliance Industries, too, rose at a much slower pace compared to the 50-stock index.

Among the banking and finance pack, besides SBI, Bajaj Finance and Bajaj Finserv, ICICI Bank and IndusInd Bank did better than the Nifty as a whole. However, HDFC Bank, Kotak Mahindra Bank, HDFC Ltd and Axis Bank were the underperformers.

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