Today's notable traders in stock market: Exploring the top 5 highest gainers within the Nifty index.
Hey there! The stock market's on a roll for the second day in a row. Guess who's the big winner today? Yep, you guessed it - Zomato! Let's dive into the top five movers on the Nifty 50 that surged the most.
Zomato
Zomato's share price has been on fire lately, rallying for consecutive sessions. In the past week, the food delivery titan has gained an impressive 12.5%, and over the past month, it's boosted investors' wealth by 7%. Zomato's share price stands tall with a whopping market cap of Rs 2.48 lakh crore. The company, now known as Eternal, boasts a P/E ratio of 469.78 and is venturing into quick commerce. Recent additions like these have earned Zomato a spot on the Nifty 50.
Dr. Reddy's Lab
The pharma giant, Dr. Reddy's Lab, saw its share price rise by 3% today, making it one of the top five gainers in the Nifty 50. The company has partnered with Alvotech to co-develop, manufacture, and commercialize a biosimilar version of Keytruda (pembrolizumab) for global markets. This cancer-fighting drug has sent the stock soaring by 14.5% over the last three months. Over the past three years, the stock price has skyrocketed by a staggering 49.72%.
Trent
The Tata Group's Trent stock took the top spot, jumping more than 3%. Over the past month, the stock has surged by 5.56%, and in the last three months, it's up by 11%. Trent's value currently stands at Rs 2.02 lakh crore, with a P/E ratio of 130.91 and P/B ratio of 43.27. Foreign Institutional Investors (FII) have reduced their stake in Trent from 26.81% to 19.65% over the last four quarters.
Power Grid Corporation
The Power Grid Corporation's share price surged 2% today, putting it among the top five gainers in the Nifty 50. In the past month, the stock has fallen by 4.6%, but over the past six months, it's up by a strong 11.6%. Power Grid Corp's share price has dipped by 1.5% in the last year, but its current market cap stands at a substantial Rs 2.74 lakh crore. The company has a P/E ratio of 17.63 and a P/B ratio of 2.97, and FII holdings have decreased from 29.82% to 26.79% over the last four quarters.
Shriram Finance
Shriram Finance's share price has been steadily climbing, rising by 1.4% today. Over the past month, the stock has given investors a 3.5% return. Motilal Oswal, a domestic broker, remains bullish on Shriram Finance, predicting a 23% increase over the next 12 months. The brokerage has set a target price of Rs 800, upholding its 'Buy' rating. The firm credits the company's strong portfolio, improving return ratios, and growth outlook in the coming quarters for the rating.
[1] Based on a report from Moneycontrol.com, the trends in Zomato's stock price for June 2025 were projected to start at ₹382, with a maximum of ₹428 and a minimum of ₹364. The average price was expected to be ₹393, ending the month at ₹396, signifying a 3.7% change. Please note that these projections are based on the available data at the time of writing and may not be current or up-to-date.
Now you're all caught up on the top stock movers of the day. Stay tuned for more stock market news, updates, and of course, even more insights!
- In the stock market, Zomato, known as Eternal, has been on a streak with its share price rallying, boosting investors' wealth by 7% over the past month and impressively, 12.5% in the previous week.
- Recently, Dr. Reddy's Lab saw its share price rise by 3%, thanks to a partnership with Alvotech to co-develop a biosimilar version of Keytruda, a cancer-fighting drug.
- Trent, part of the Tata Group, saw its stock rise more than 3%, with a current market value of Rs 2.02 lakh crore, and has received a bullish prediction from Motilal Oswal, a domestic brokerage.
- The Power Grid Corporation, despite a 4.6% fall in the past month, has a strong 11.6% growth over the past six months, making it one of the top gainers in the Nifty 50.
- Shriram Finance's share price has climbed steadily, with a predicted 23% increase over the next 12 months according to Motilal Oswal, thanks to the company's strong portfolio and growth outlook in the coming quarters.
In the world of finance and business, new trends are emerging, with Defi gaining traction in the investing sphere as well. As you navigate your stock-market portfolio, keep these factors in mind and staying informed can help you make profitable decisions.
