Top Gainers & Losers: Two PSU stocks among blue-chip stocks rising the most, Maruti Suzuki under pressure

Gainers and losers: Indian equity benchmarks Sensex and Nifty50 finished almost one per cent weaker on Thursday, resuming a fall after halting an eight-day losing streak the previous day. Weakness across major markets globally — thanks to concerns about higher-for-longer interest rates — and sustained foreign fund outflows hurt investors' sentiment on Dalal Street.

The NSE Nifty declined 129 points or 0.7 per cent to close at 17,321.9 and the Sensex lost 501.7 points or 0.8 per cent to end at 58,909.4. 

In the Nifty50 basket, Coal India, BPCL and Hero MotoCorp were among the top gainers, and, conversely, Maruti Suzuki, Axis Bank and TCS were the top laggards.

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Here's more on some of the top gainers and losers in the 50-scrip pack on March 2:

Coal India 

Coal India stock gained by Rs 4.1 or 1.9 per cent to end at Rs 222.9 apiece on NSE.

Image Source: NSE

Motilal Oswal maintains a ‘buy’ rating on Coal India with a target price of Rs 275 apiece, suggesting upside potential of 24 per cent. 

According to the brokerage, renewables will continue to be unreliable with problems related to availability, costs, storage or safety, which will likely lead to higher dependence on coal in the near term. 

BPCL

BPCL shares finished higher by Rs 5.6 or 1.8 per cent at Rs 321.5 apiece on NSE.

Image Source: NSE

Prabhudas Lilladher has a ‘buy’ call on BPCL shares for a target of Rs 420 apiece (31 per cent upside).

The brokerage is of the view that oil marketing companies are well placed to benefit from improving marketing and healthy refining profitability.

Maruti Suzuki India 

Maruti Suzuki India stock declined by Rs 228.2 or 2.6 per cent to end at Rs 8,536 apiece on NSE. 

Image Source: NSE

Reliance Securities has a ‘buy’ call on Maruti Suzuki with a target price of Rs 11,000 apiece (29 per cent upside).

The brokerage is positive on Maruti Suzuki's strong products basket, likely margin expansion, export potential, strong return ratios and likely market share gain after its new UV launches.

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