Six Stocks In News At Noon: Top Laggards And Gainers

As of noon on November 4, 2024, major indices Nifty and Sensex turned negative after an initial positive showing in the Muhurat session. Out of the Nifty stocks, only five managed to trade higher, while the remainder saw declines by 12:08 PM.

Hero MotoCorp ⬇️

Hero MotoCorp experienced the steepest drop, reaching its lowest stock price since May 13. This downturn followed disappointing sales figures released for October.

Bajaj Auto ⬇️

Bajaj Auto ranked as the second-largest decliner among Nifty stocks. It hit a nearly three-month low of Rs 9,372 due to subdued sales performance in October.

Sun Pharmaceutical Industries ⬇️

Sun Pharmaceutical also featured among the top losers, sliding to its lowest level since August 25. This decline was prompted by a US court's decision to halt the launch of the Leqselvi drug.

Cipla ⬆️

On a positive note, Cipla's share price rose significantly, marking its third consecutive session of gains. This increase followed the US FDA's approval of its facility located in Goa.

Tech Mahindra ⬆️

Tech Mahindra also saw an uptick in its stock value, rebounding after seven consecutive sessions of decline.

Mahindra & Mahindra ⬆️

Mahindra & Mahindra Ltd. noted substantial gains as it benefitted from reportedly record-high SUV sales for the month of October.

Nifty Firms Lose Rs 3.2 Lakh Crore In M-Cap

The overall market capitalization of the Nifty 50's top 50 companies witnessed a significant loss of Rs 3.2 lakh crore. This decline stemmed from a drop of up to 2% in the index, marking its lowest point in four months.

stocks, market, gainers