Top Gainers of the Day: Tata Motors, Bajaj Auto, Axis Bank Lead Nifty Gainers on December 6, 2024

The benchmark stock indices ended their 5-day winning streak and closed in the red after the Reserve Bank of India’s Monetary Policy Committee, led by Governor Shaktikanta Das, decided to keep the repo rate unchanged at 6.5%.

The Sensex dropped by 56.74 points, or 0.07%, closing at 81,709.12, after trading between 81,925.91 and 81,506.19.Meanwhile, the Nifty50 rose by 30.60 points, or 0.12%, to finish at 24,677.80. During the day, Nifty50 reached a high of 24,751.05 and a low of 24,620.50.

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

• Tata Motors

Tata Motors share price closed today at ₹818.00, marking a rise of 3.21%.

• Bajaj Auto Limited

Bajaj Auto share price closed today at ₹9,100.00, marking a rise of 2.34%. Bajaj Auto clarified through a regulatory filing that the dispatch figure for its Freedom 125 motorcycle was incorrectly reported as 80,000 units. As of November 30, 2024, 67,000 units were billed to dealers, with 40,000 units sold, and 33,000 units registered on the Vahan portal. 

• Axis Bank

Axis Bank share price closed today at ₹1,183.90, marking a rise of 1.50%.

• Bharat Petroleum Corporation

Bharat Petroleum Corporation share price closed today at ₹300.80, marking a rise of 1.28%. Oil marketing stocks like BPCL, HPCL, and IOC have recently faced a significant decline due to disappointing quarterly results. Factors such as accumulated LPG losses, lower gross refining margins (GRMs), and inventory losses have sharply impacted their earnings, especially compared to the strong performance in the same period last year.

• Dr Reddy’s Laboratories

Dr Reddy’s Laboratories share price closed today at ₹1,253.55, marking a rise of 1.1%. Dr Reddy’s Laboratories announced that Kazakhstan’s revenue authority imposed a penalty of Rs 28.7 lakh on its subsidiary, Dr Reddy’s Laboratories Kazakhstan LLP. The penalty, amounting to KZT 17,597,212 (Rs 2.87 million), was for the disallowance of certain expense claims for 2021. However, the company stated that the penalty would not have a significant impact on its financials or operations.

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.