Top Gainers of the Day –Shriram Finance, Britannia, Asian Paints Lead the Rally on November 26, 2024

Benchmark equity indices ended their 2-day rally, closing lower on Tuesday. The BSE Sensex declined by 105.79 points (0.13%) to finish at 80,004.06, moving within a range of 80,482.36 to 79,798.67 during the session. Likewise, the NSE Nifty50 slipped 27.40 points (0.11%) to close at 24,194.50 after hitting an intraday high of 24,343.30.

Out of the 50 stocks in the Nifty50 index, here are the NSE top gainers for the day: 

• Shriram Finance 

Shriram Finance share price closed today at ₹3,044.00, marking a rise of 3.26%. Shriram Finance reported a 16.37% rise in net interest income (NII) for the second quarter ending September 30, 2024, reaching ₹5,606.74 crore compared to ₹4,818.18 crore in the same quarter last year. Profit after tax (PAT) grew by 18.30% to ₹2,071.26 crore from ₹1,750.84 crore a year ago. 

• Britannia Industries

Britannia Industries share price closed today at ₹5,012.00, marking a rise of 2.2%. On November 12, 2024, the company received a notice from FSSAI, as disclosed in an exchange filing released. The notice addressed to one of the company’s officials referenced an analysis report from a referral laboratory that identified issues with a specific batch of the company’s product and an order prohibiting its sale.

• Asian Paints

Asian Paints share price closed today at ₹2,505.70, marking a rise of 1.87%. The company reported a 43.71% drop in consolidated net profit for the September quarter, totalling ₹693.66 crore. The decline was attributed to subdued demand, rising material costs, and a slowdown in its decorative and coatings segments within the domestic market.

• Bharat Electronics

Bharat Electronics share price closed today at ₹297.8, marking a rise of 1.86%. It has seen a remarkable share price surge of 110.76% over the past year. Over the past 52 weeks, the stock has hit a high of ₹340.50 and a low of ₹140.40. 

• Infosys 

Infosys share price closed today at ₹1,920.20, marking a rise of 1.61%. The company posted a 5% year-on-year (YoY) increase in net profit and revenue while revising its FY25 guidance upward to 3.75-4%. Quarter-on-quarter (QoQ) revenue grew by 3.1% in constant currency, aligning with analysts’ expectations.

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.