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Top Losers of the Day: Shriram Finance, Tata Steel, IndusInd Bank Decline On December 13, 2024

Updated on: Dec 13, 2024, 4:18 PM IST
Shriram Finance fell 2.44%, Tata Steel dropped 1.31%, IndusInd Bank declined 1.05%, and JSW Steel slipped 0.86% on December 13, 2024, amid market uncertainties.
Top Losers of the Day: Shriram Finance, Tata Steel, IndusInd Bank Decline On December 13, 2024
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Benchmark equity indices closed higher on the last trading day of the week. The Sensex gained 843.16 points, or 1.04%, closing at 82,133.12 after recovering from early losses. It traded between 82,192.61 and 80,082.82. The Nifty50 rose by 219.60 points, or 0.89%, to finish at 24,768.30, with a low of 24,180.80 and a high of 24,792.30.

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

Symbol Open High Low LTP %chng
SHRIRAMFIN 3,242.05 3,254.65 3,117.60 3,169.00 -2.44
TATASTEEL 150 150.05 145.55 148.8 -1.31
INDUSINDBK 991.00 997.65 965.55 987.5 -1.05
JSWSTEEL 995.00 1,003.50 973.05 997.15 -0.86
HINDALCO 663.00 665.55 648.00 665 -0.55
  • Shriram Finance

Shriram Finance share price closed today at ₹3,169.00, marking a decline of 2.44%. The company announced on December 11 that it has successfully sold its entire 84.44% stake in its housing finance subsidiary, Shriram Housing Finance Limited (SHFL), to Warburg Pincus, a global growth investment firm. The sale was valued at ₹3,929 crore.

  • Tata Steel

Tata Steel share price closed today at ₹148.8, marking a decline of 1.31%. On December 13, shares of metal companies like JSW Steel, Tata Steel, NMDC, and SAIL dropped by 3-5% due to concerns over China’s latest economic stimulus announcement. While China pledged to boost its economy at a high-level meeting, it provided no specific details, leaving investors sceptical.

  • Indusind Bank

Indusind Bank share price closed today at ₹987.5, marking a decline of 1.05%. The company’s shares dropped by up to 3.24% on Friday, December 13, 2024, hitting a new 52-week low of ₹965.55 per share.

  • JSW Steel

JSW Steel share price closed today at ₹997.15, marking a decline of 0.86%. On December 13, shares of metal companies fell by 3-5%. This drop followed China’s recent promise of a stimulus to boost its economy, but it lacked specific details, leaving investors uncertain.

  • Hindalco Industries

Hindalco Industries share price closed today at ₹665, marking a decline of 0.55%. 

 

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.

Published on: Dec 13, 2024, 4:18 PM IST

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