May 2, 2024: Nifty 50 closed at ₹22,648.19 (+0.19%), with Bharat Petroleum & Power Grid emerging as top gainers.

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: ➲ UltraTech Cement (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: ➲ Aster Healthcare (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

The Nifty 50 embarked on its trading day at ₹22,567.84, navigating fluctuations throughout the session. It touched a low of ₹22,567.84 and soared to a high of ₹22,710.5 before concluding the day at ₹22,648.19, marking a 0.19% surge.

Let’s explore the stocks that significantly impacted the Nifty 50’s performance today, examining both the top gainers and losers.

Nifty 50 Top Gainers

Nifty 50 Top Losers

Nifty 50 Stocks To Watch for Tomorrow

➲ UltraTech Cement (Bullish Pattern)

• Performance Overview: Over the past 23 trading sessions, UltraTech Cement has closed in green 14 times and in red 9 times.
• Recent Trend: UltraTech Cement has been on a 6-day green streak, without a single day closing in red since Tuesday, April 23, 2024.
• Returns: UltraTech Cement has delivered a 3.67% return in the last 23 trading sessions, indicating that an investment of ₹10,000 would have grown to ₹10,367.
• Financial Insight: In its 2023-Q3 Income Statement, UltraTech Cement reported a net profit of ₹1,774.78 Crore.
• As of Thursday, May 2, 2024, UltraTech Cement has a Market Capital of ₹2,79,071.13 Crore.
• Summary: UltraTech Cement is showing a strong bullish pattern. Investors may want to consider its price movements and targets for both short-term and long-term growth prospects: Checkout UltraTech Cement Target for Tomorrow and UltraTech Cement Targets for 2024 & 2025.

UltraTech Cement Financial Performance

Metric	Value	Description
Revenue Growth (Quarterly)	+7.9%	Change in revenue compared to the previous quarter.
Earnings Growth (YOY Quarterly)	+67.9%	Change in earnings compared to the same quarter last year.
Operating Margin	14.76%	Income from operations as a percentage of revenue, before taxes and interest.
Profit Margin	9.27%	Net income as a percentage of revenue, after all expenses.
Debt-to-Equity (D/E) Ratio	20.38	Company’s total debt divided by total shareholder equity.
Beta	0.47	Beta is less than 1 indicating that the UltraTech Cement’s price is less volatile than the market.

➲ Britannia (Bearish Pattern)

• Performance Overview: In the last 23 trading sessions, Britannia has closed in red 15 times and in green 8 times.
• Recent Trend: Britannia has been on a 4-day red streak, without a single day closing in green since Thursday, April 25, 2024.
• Returns: Britannia has given a -4.04% return in the last 23 trading sessions, meaning an investment of ₹10,000 would have become ₹9,596.
• Financial Insight: Britannia reported a net profit of 555.66 Crore in its 2023-Q3 Income Statement.
• As of Thursday, May 2, 2024, Britannia has a Market Capital of ₹1,15,627.48 Crore.
• Summary: Britannia is currently experiencing a bearish phase. Investors may want to monitor its price movements closely, especially its 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 the session at ₹21,017.15, experiencing volatility throughout the day. It reached a low of **₹21,015.5** and soared to an intraday high of **₹21,125.84**. Ultimately, the index closed at **₹21,089.05**, marking an increase of **0.48%** compared to its opening value. Key gainers and losers significantly influenced today’s market movement.

Nifty 500 Top Gainers

Nifty 500 Top Losers

Nifty 51 to 500 Stocks To Watch for Tomorrow

➲ Ashok Leyland (Bullish Pattern)

• Performance Overview: Ashok Leyland has closed in green 16 times and in red 7 times in the past 23 trading sessions.
• Recent Trend: Ashok Leyland has been on a 8-day green streak, without a single day closing in red since Fri 19 Apr 2024
• Returns: Ashok Leyland gave a 18.23% returns in the last 23 trading sessions, effectively turning an investment of ₹10,000 into ₹11,823
• Financial Insight: Ashok Leyland reported a net profit of ₹608.85 Crore in the 2023-Q3 Income Statement.
• As of Thu 02 May 2024, Ashok Leyland has a Market Capital of ₹54,351.33 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.

➲ Aster Healthcare (Bearish Pattern)

• Performance Overview: Aster Healthcare has closed in green 9 times and in red 14 times in the last 23 trading sessions.
• Recent Trend: Aster Healthcare has been on a 8-day red streak, without a single day closing in green since Thu 18 Apr 2024
• Returns: Aster Healthcare gave a -16.53% returns in the last 23 trading sessions, effectively turning an investment of ₹10,000 into ₹8,347
• Financial Insight: Aster Healthcare reported a net profit of 209.22 Crore in the 2023-Q3 Income Statement.
• As of Thu 02 May 2024, Aster Healthcare has a Market Capital of ₹17,865.74 Crore.
• Summary: Aster Healthcare is currently experiencing a bearish phase. We advise investors to keep a close watch, especially on Aster Healthcare Target for Tomorrow and Aster Healthcare Targets for 2024 & 2025.

Aster Healthcare Financial Performance

Metric	Value	Description
Revenue Growth (Quarterly)	+16.2%	Change in revenue compared to the previous quarter.
Earnings Growth (YOY Quarterly)	+28.6%	Change in earnings compared to the same quarter last year.
Operating Margin	8.96%	Income from operations as a percentage of revenue, before taxes and interest.
Profit Margin	2.4%	Net income as a percentage of revenue, after all expenses.
Debt-to-Equity (D/E) Ratio	124.67	Company’s total debt divided by total shareholder equity.
Beta	0.6	Beta is less than 1 indicating that the Aster Healthcare’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