Top Gainers & Losers Stocks of the Week – March 7, 2024

On March 7, 2024, as the last trading of the week ends, BSE Sensex and Nifty rose 0.5% each this week. On the account of Mahashivratri, the market will remain shut on March 8, 2024. In this article, let us look at the top stocks that gained and lost this week.

Top 3 Gainers For the Week

1. Tata Investment Corporation Ltd
   The investment company, Tata Investment Corporation Ltd, came into focus on March 7, 2024, after the news about Tata Sons getting listed popped up. On Thursday, the stock of Tata Investment Corporation increased by 39.68%, closing at ₹9,756.85.
2. Tata Chemicals Ltd
   The IPO buzz around Tata Sons also seems to have impacted Tata Chemicals. The shares of Tata Chemicals increased by 39.31%, closing at ₹1,315.25.
3. Rallis India Ltd
   Another stock that got in focus this week after the buzz of Tata Sons IPO is Rallis India. The stock price of the rallis India soared by 19.72%, closing at ₹287.80.

Top 3 Losers For the Week

1. IIFL Finance Ltd
   IIFL Finance Ltd’s share price experienced some volatility this week. On Tuesday, RBI directs IIFL Finance to cease and desist to sanction or disburse gold loans. After this news, the stock price of IIFL Finance Ltd dropped by 27.70%, closing at ₹420.25.
2. Rainbow Children’s Medicare Ltd
   Rainbow Children’s Medicare is involved in rendering medical and healthcare services. The stock price of the company dropped by 21.00%, closing at ₹1,129.05.
3. Network18 Media & Investments Ltd
   Another stock that adds to the list of top losers this week is Network18 Media & Investments Ltd. Reliance Industries, and Disney announced their mega-merger deal this week. Following the deal statement, shares of a few media giants dropped, and Network18 Media & Investments Ltd is one of those. The stock price of Network18 Media & Investments Ltd dropped by 17.01%, closing at ₹93.45.

Apart from these stocks, there are several other stocks that gained and lost due to various macro and micro economic factors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.