Top Stocks of the Week: Auto, Consumer Durables, and Healthcare Stocks Lead the Charge

Indian equity markets hit record highs, with the Nifty reaching 23,490 before closing at 23,466, driven by gains in automobile, consumer durables, and healthcare stocks.

Vinayak Hagargi
June 15, 2024
2:53 pm
1 min read

The Indian equity market continued its strong performance, with the BSE Sensex and NSE Nifty reaching new highs. The Nifty closed at 23,466, up 67 points or 0.29%, after hitting an all-time high of 23,490. Automobile, consumer durables, and healthcare stocks led the gains.

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Mazagon Dock, Paytm, Oracle Financial, and Bharat Dynamics were among the top performers in the Nifty 200 this week. Mazagon Dock soared 22.68% to Rs 3,877.55, while Paytm surged 22.62% to Rs 425.05. Oracle Financial and Bharat Dynamics gained 16.38% and 15.63%, respectively.

Dixon Technologies also had a strong showing, jumping 15.17% to Rs 11,242.85 on the NSE. Siemens, Oil India, Samvardhana Motherson International, L&T Finance, and Bharat Electronics were among the other top gainers in the Nifty 200 during the week.

On the other hand, Poonawalla Fincorp and Adani Green Energy were the top losers in the Nifty 200, slipping 3.19% to Rs 437.35 and 3.16% to Rs 1,806.3, respectively. Despite the weekly decline, Adani Green Energy has gained 5.31% over the past month.

Marico, United Spirits, Hindustan Unilever, Tata Consumer Products, and Adani Total Gas also experienced sharp corrections on the NSE 200 during the week. Overall, the Indian stock market remains bullish, with key indices reaching new highs and several stocks outperforming.

Vinayak Hagargi

Vinayak is a passionate financial markets enthusiast with 4+ years of experience. He has curated over 100 articles simplifying complex financial concepts. He has a unique ability to break down financial jargon into digestible chunks. Vinayak aims to empower newbies with relatable, easy-to-understand content. His ultimate goal is to provide content that resonates with their needs and aspirations.

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