Top Gainers of the Day – UltraTech, Apollo, Grasim, Shriram Finance, JSW Lead the Surge On December 2, 2024

On December 2, 2024, the key equity indices closed higher in the first session of December. The BSE Sensex gained 445.29 points, or 0.56%, to end at 80,248.08. It fluctuated between 80,337.82 and 79,308.95 during the day. Early trading saw the index fall below the 80,000 mark due to India’s GDP for the September quarter, which was much lower than expected. 

Additionally, US President-elect Donald Trump’s warning about imposing 100% tariffs on BRICS nations if they try to weaken the dollar’s role in global trade also affected the market. The NSE Nifty50 closed at 24,276.05, up 144.95 points, or 0.6%, from the previous close. It traded between 24,301.70 and 24,008.65.

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

• UltraTech Cement

UltraTech Cement share price closed today at ₹11,630.20, marking a rise of 3.82%. Cement company stocks saw a surge of up to 5% on the BSE during Monday’s intra-day trade, despite a generally quiet market. This increase was driven by expectations of higher demand in December, which could help the industry raise prices.

• Apollo Hospitals Enterprise

Apollo Hospitals Enterprise share price closed today at ₹7,064.25, marking a rise of 3.45%.

• Grasim Industries

Grasim Industries share price closed today at ₹2,686.00, marking a rise of 3.06%. In Q2FY25 earnings, it reported a 66% decline in consolidated net profit, dropping to ₹390 crore from ₹1,164 crore in the same quarter last year. However, the company’s revenue from operations in the second quarter of the current fiscal year increased by 11%, reaching ₹33,563 crore, up from ₹30,220.68 crore in the previous year.

• Shriram Finance

Shriram Finance share price closed today at ₹3,097.00, marking a rise of 2.56%. The company plans to raise $250 million through external commercial borrowing (ECB) in the fourth quarter of this financial year.

• JSW Steel

JSW Steel share price closed today at ₹990.4, marking a rise of 2.53%. The company is planning to enter the electric vehicle (EV) market with its own brand. In an interview, Chairman Sajjan Jindal expressed the company’s intention to become a major player in India’s growing EV sector. This follows JSW’s earlier announcement of a $1.5 billion joint venture with SAIC Motor, the Chinese company behind the MG brand, to produce and sell MG EVs in India.

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.