Top Stock Market Movers on 06 May 2024: Nifty 50 Slips, Britannia and Titan Fall, Ashok Leyland and Allcargo Logistics Steal the Show

Show Table of Contents

Table of Contents

• 1: Top Indices Performance Overview
• 2: Nifty 50 Performance Overview
• 2.1: Nifty 50 Top Gainers
• 2.2: Nifty 50 Top Losers
• 2.3: Nifty 50 Stocks To Watch for Tomorrow
• 2.3.1: ➲ GRASIM (Bullish Pattern)
• 2.3.2: ➲ Britannia (Bearish Pattern)
• 3: Nifty 500 Performance Overview
• 3.1: Nifty 500 Top Gainers
• 3.2: Nifty 500 Top Losers
• 3.3: Nifty 51 to 500 Stocks To Watch for Tomorrow
• 3.3.1: ➲ Ashok Leyland (Bullish Pattern)
• 3.3.2: ➲ Allcargo Logistics (Bearish Pattern)
• 4: Top Stocks That Created a New All Time High Today
• 4.1: Top Large Cap Stocks That Created a New All Time High Today
• 4.2: Top Mid Cap Stocks That Created a New All Time High Today
• 4.3: Top Small Cap Stocks That Created a New All Time High Today

Top Indices Performance Overview

Nifty 50 Performance Overview

Nifty 50 Market Performance

The Nifty 50 commenced trading at ₹22,766.34. It fluctuated during the session, marking a low of ₹22,348.05 and a high of ₹22,794.69. Ultimately, it closed at ₹22,475.84, reflecting a loss of 0.77%.

Key factors that shaped today’s market movement will be discussed in subsequent reports.

Nifty 50 Top Gainers

Nifty 50 Top Losers

Nifty 50 Stocks To Watch for Tomorrow

➲ GRASIM (Bullish Pattern)

• Performance Overview: In the last 22 trading sessions, GRASIM has closed in the green 14 times and in the red 8 times.
• Recent Trend: GRASIM has been on a 4-day green streak, without a single day closing in the red since Fri 26 Apr 2024.
• Returns: GRASIM gave a 7.88% returns in the last 22 trading sessions, that means your investment of ₹10,000 would have become ₹10,788
• Financial Insight: GRASIM reported a net profit of ₹2,603.42 Crore in 2023-Q3 Income Statement.
• As of Fri 03 May 2024, GRASIM has a Market Capital of ₹1,58,918.6 Crore.
• Summary: GRASIM exhibits a robust bullish pattern. Investors should monitor its price movements targets for both short-term and long-term growth prospects: Checkout GRASIM Target for Tomorrow and GRASIM Targets for 2024 & 2025.

GRASIM Financial Performance

Metric	Value	Description
Revenue Growth (Quarterly)	+11.6%	Change in revenue compared to the previous quarter.
Earnings Growth (YOY Quarterly)	-39.81%	Change in earnings compared to the same quarter last year.
Operating Margin	17.67%	Income from operations as a percentage of revenue, before taxes and interest.
Profit Margin	4.43%	Net income as a percentage of revenue, after all expenses.
Debt-to-Equity (D/E) Ratio	93.15	Company’s total debt divided by total shareholder equity.
Beta	0.54	Beta is less than 1 indicating that the GRASIM’s price is less volatile than the market.

➲ Britannia (Bearish Pattern)

• Performance Overview: In the last 22 trading sessions, Britannia has closed in the red 14 times and in the green 8 times.
• Recent Trend: Britannia has been on a 5-day red streak, without a single day closing in the green since Thu 25 Apr 2024.
• Returns: Britannia gave a -3.76% returns in the last 22 trading sessions, that means your investment of ₹10,000 would have become ₹9,624
• Financial Insight: Britannia reported a net profit of 555.66 Crore in 2023-Q3 Income Statement.
• As of Fri 03 May 2024, Britannia has a Market Capital of ₹1,15,037.35 Crore.
• Summary: Britannia is currently experiencing a bearish phase. We advise investors to keep a close watch, especially on Britannia Target for Tomorrow and Britannia Targets for 2024 & 2025.

Britannia Financial Performance

Metric	Value	Description
Revenue Growth (Quarterly)	+1.4%	Change in revenue compared to the previous quarter.
Earnings Growth (YOY Quarterly)	-40.31%	Change in earnings compared to the same quarter last year.
Operating Margin	17.45%	Income from operations as a percentage of revenue, before taxes and interest.
Profit Margin	12.96%	Net income as a percentage of revenue, after all expenses.
Debt-to-Equity (D/E) Ratio	96.67	Company’s total debt divided by total shareholder equity.
Beta	0.48	Beta is less than 1 indicating that the Britannia’s price is less volatile than the market.

Nifty 500 Performance Overview

The Nifty 500 commenced its day at ₹21,193.44.
Throughout the trading session, it witnessed fluctuations, reaching a low of ₹20,830.65 and a high of ₹21,208.69. The index ultimately ended the day at ₹20,959.55, marking a drop of 0.59% from the previous close.

Here’s a closer look at the stocks that significantly influenced the Nifty 500’s movement today:

Nifty 500 Top Gainers

Nifty 500 Top Losers

Nifty 51 to 500 Stocks To Watch for Tomorrow

➲ Ashok Leyland (Bullish Pattern)

• Performance Overview: In the past 22 trading sessions, Ashok Leyland has closed in green 15 times and in red 7 times.
• Recent Trend: Ashok Leyland has been on a 9-day green streak, without a single day closing in red since Fri 19 Apr 2024.
• Returns: Ashok Leyland gave a 16.93% returns in the last 22 trading sessions, that means your investment of ₹10,000 would have become ₹11,693
• Financial Insight: Ashok Leyland reported a net profit of ₹608.85 Crore in 2023-Q3 Income Statement.
• As of Fri 03 May 2024, Ashok Leyland has a Market Capital of ₹56,568.39 Crore.
• Summary: Ashok Leyland exhibits a robust bullish pattern. Investors should monitor its price movements targets for both short-term and long-term growth prospects: Checkout Ashok Leyland Target for Tomorrow and Ashok Leyland Targets for 2024 & 2025.

Ashok Leyland Financial Performance

Metric	Value	Description
Revenue Growth (Quarterly)	+6.7%	Change in revenue compared to the previous quarter.
Earnings Growth (YOY Quarterly)	+75.59%	Change in earnings compared to the same quarter last year.
Operating Margin	15.5%	Income from operations as a percentage of revenue, before taxes and interest.
Profit Margin	5.24%	Net income as a percentage of revenue, after all expenses.
Debt-to-Equity (D/E) Ratio	306.52	Company’s total debt divided by total shareholder equity.
Beta	0.86	Beta is less than 1 indicating that the Ashok Leyland’s price is less volatile than the market.

➲ Allcargo Logistics (Bearish Pattern)

• Performance Overview: In the last 22 trading sessions, Allcargo Logistics has closed in red 11 times and in green 11 times.
• Recent Trend: Allcargo Logistics has been on a 6-day red streak, without a single day closing in green since Wed 24 Apr 2024.
• Returns: Allcargo Logistics gave a -0.35% returns in the last 22 trading sessions, that means your investment of ₹10,000 would have become ₹9,965
• Financial Insight: Allcargo Logistics reported a net profit of 17.36 Crore in 2023-Q3 Income Statement.
• As of Fri 03 May 2024, Ashok Leyland has a Market Capital of ₹7,282.41 Crore.
• Summary: Allcargo Logistics is currently experiencing a bearish phase. We advise investors to keep a close watch, especially on Allcargo Logistics Target for Tomorrow and Allcargo Logistics Targets for 2024 & 2025.

Allcargo Logistics Financial Performance

Metric	Value	Description
Revenue Growth (Quarterly)	+111.9%	Change in revenue compared to the previous quarter.
Earnings Growth (YOY Quarterly)	+298.3%	Change in earnings compared to the same quarter last year.
Operating Margin	5.6%	Income from operations as a percentage of revenue, before taxes and interest.
Profit Margin	1.64%	Net income as a percentage of revenue, after all expenses.
Debt-to-Equity (D/E) Ratio	0.65	Company’s total debt divided by total shareholder equity.
Beta	0.8	Beta is less than 1 indicating that the Allcargo Logistics’s price is less volatile than the market.

Top Stocks That Created a New All Time High Today

Top Large Cap Stocks That Created a New All Time High Today

Companies with Market Capital more than 20,000 Crores

Top Mid Cap Stocks That Created a New All Time High Today

Companies with Market Capital between 5,000 Crores to 20,000 Crores

Top Small Cap Stocks That Created a New All Time High Today

Companies with Market Capital less than 5,000 Crores