Top Gainers & Losers: Cipla and Apollo Hospitals among major winners, Hindalco drops over 2%
Top Gainers and Losers: Sensex and Nifty ended lower under selling pressure for the second straight session to settle nearly 1 per cent lower on Friday.
Top Gainers and Losers: Equity benchmark indices Sensex and Nifty ended lower under selling pressure for the second straight session to settle nearly 1 per cent lower on Friday as investors pared exposure to the metal, energy, and realty stocks amid a bearish trend in Asian and European markets.
In a volatile trade, BSE Sensex declined 398.18 points or 0.69 per cent to finish at 57,527.10 and NSE Nifty fell 131.85 points or 0.77 per cent to end at 16,945.05.
Bajaj Finserv was the biggest loser among the Nifty50 pack, followed by Bajaj Finance, Tata Steel, Hindalco, and Adani Ports.
On the flip side, Cipla, Kotak Mahindra Bank, Apollo Hospitals, Tech Mahindra, and Infosys were the gainers.
Here are some blue-chip stocks that saw maximum buzz today:
Shares of Cipla rose 1.07 per cent or Rs 9.3 and settled at Rs 878.4 apiece.
Brokerage firm Investec has recommended buying shares of Cipla for a target price of Rs 1,250 apiece. (42.3 per cent upside)
The brokerage is bullish on Cipla as it believes that the company is successfully moving from B2B to front-end led, especially in large markets like the US.
The shares of Apollo Hospitals ended marginally higher by 0.37 per cent or Rs 15.95 at Rs 4,289 apiece on NSE.
Brokerage firm Smifs has given a ‘buy’ call on Apollo Hospitals shares for a target of Rs 5,280 apiece (23.1 per cent upside).
The brokerage is positive on Apollo Hospitals as it believes that cost optimization, reduction in losses, and high revenue growth will improve the profitability of the company.
Hindalco’s stock cracked 2.71 per cent or Rs 10.8 and settled at Rs 388 apiece on NSE.
Brokerage firm Motilal Oswal has given a ‘buy’ call on Hindalco for a target of Rs 570 apiece (46.9 per cent upside).
The brokerage is confident about the company’s growth in the long term.
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