Top Losers of the Day: Hero MotoCorp, M&M, Hindalco Among Key Decliners on November 13, 2024

The BSE Sensex and NSE Nifty50 both extended their losses, each falling over 1% on Wednesday. 

The Sensex dropped 984.23 points, or 1.25%, to close at 77,690.95, trading between 78,690.02 and 77,533.30. Meanwhile, the Nifty50 declined 324.40 points, or 1.36%, finishing at 23,559.05, after moving between 23,873.60 and 23,509.60.

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

• Hero Motocorp

Hero Motocorp share price closed at ₹4,525.15, reflecting a decline of 4.21%. Hero MotoCorp shares dropped by up to 5% on Wednesday, November 13, 20224, just ahead of its September quarter earnings report expected on Thursday. The stock is now down 28% from its record high of ₹6,246, reached on September 24, 2024.

• Mahindra And Mahindra

Mahindra And Mahindra share price closed at ₹2,798.00, reflecting a decline of 3.47%. Mahindra & Mahindra posted strong September quarter results on Thursday, November 7, with a 13% rise in net profit to ₹3,841 crore, while revenue grew to ₹27,553 crore.

• Hindalco Industries

Hindalco Industries share price closed at ₹629.50, reflecting a decline of 3.4%. Hindalco Industries announced its earnings for the September quarter of the 2024-25 financial year on Monday, November 11, reporting a net profit of ₹3,909 crore, up 78% from ₹2,196 crore in the same quarter last year.

• Tata Steel

Tata Steel share price closed at ₹139.69, reflecting a decline of 3.11%. Tata Steel shares fell for the fifth consecutive session today, with a monthly drop of about 12.03%. Over the same period, the Nifty Metal index, which includes Tata Steel, declined around 10.64% and is currently at ₹9,078.5, down 2.5% today.

• Eicher Motors

Eicher Motors share price closed at ₹4,598.80, reflecting a decline of 2.94%.

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.