The NSE Nifty also climbed 105.3 points to 24,472.80. Earlier in the day, the 30-share BSE benchmark had lost 479.78 points to 79,226.13 while the Nifty declined 155.4 points to 24,212.10.
Shares of Balu Forge hit a 52-week high on Monday. The surge comes even as equity benchmark indices Sensex and Nifty declined in early trade on Monday. The stock opened in red at Rs 571.05. However, it gained 3.72 per cent from the last trading price to hit the 52-week high of Rs 599. The counter had closed at Rs 577.50 in the last trading session.
The 52-week low of the stock is 154.55.
The stock has been gaining for the last 4 days and has risen 25.11 per cent returns in the period.
During early trade, both the benchmark indices had declined as investors turned cautious about the potential disruptions from the US short-seller Hindenburg Research report on the SEBI chairperson and her husband’s undisclosed investments in obscure offshore funds in Bermuda and Mauritius.
But he 30-share BSE benchmark jumped 400.27 points to reclaim the 80,000-mark. It surged to 80,106.18 level. The NSE Nifty also climbed 105.3 points to 24,472.80. Earlier in the day, the 30-share BSE benchmark had lost 479.78 points to 79,226.13 while the Nifty declined 155.4 points to 24,212.10.
From the 30 Sensex firms, JSW Steel, Infosys, HDFC Bank, Axis Bank, Kotak Mahindra Bank and Tata Motors were among the gainers from the blue-chip pack.
Adani Ports, NTPC, Power Grid and State Bank of India were among the biggest laggards. All the 10 Adani group stocks had declined sharply during the early trade, with Adani Energy tumbling 17 per cent and Adani Total Gas tanking 13.39 per cent. However, later all the group firms recovered most of their early lost ground.
(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.)
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