Top Gainers & Losers: BPCL and Bajaj Auto rise most among blue chip stocks, IndusInd Bank dips nearly 3%

Top Gainers & Losers: Benchmark equity indices Sensex and Nifty ended lower on Wednesday, marking their third straight day of losses due to selling in IT and select banking shares and foreign fund outflows.

Falling for a third day, the BSE Sensex declined 159.21 points or 0.27 per cent to settle at 59,567.80 and the NSE Nifty dipped 41.40 points or 0.23 per cent to end at 17,618.75.

Among the Nifty50 firms, HCL Technologies, IndusInd Bank, Infosys, State Bank of India, and NTPC were the major laggards.

BPCL, Divi’s Laboratories, Bajaj Auto, Axis Bank, and Mahindra & Mahindra were among the winners. 

Here's a look at some of the blue-chip stocks that moved the most on Tuesday:

BPCL

BPCL stock was the top gainer on Nifty50, it climbed over 2 per cent to Rs 342.8 per share on the NSE.

Brokerage firm Prabhudas Lilladher has given a ‘buy’ call on BPCL for a target of Rs 420 apiece which is an upside of 22.5 per cent.

Prabhudas Lilladher believes that oil marketing companies are well placed to benefit from improving marketing and healthy refining profitability.

Pic: NSE 

Bajaj Auto 

Shares of Bajaj Auto India ended among the top gainer on Nifty50 Wednesday. The stock rose over 1 per cent to Rs 4,265 per share on the NSE. 

Smifs Limited has given a ‘buy’ rating on Bajaj Auto with a target price of Rs 4,375 per share which is an upside of 2.6 per cent

According to the brokerage, the company has strong domestic growth across segments and the EV will support volume growth. The brokerage also believes that the exports will increase starting Q1FY24.

Pic: NSE 

IndusInd Bank

IndusInd Bank share price closed among the top losers on Nifty50 on Wednesday. The stock dipped nearly 3 per cent to Rs 1,118.8 per share on the NSE.

Sharekhan has given a ‘buy’ call on IndusInd Bank and has given a target price of Rs 1,400 apiece which is an upside of 25.1 per cent. 

The brokerage believes IndusInd Bank (IIB) has recovered from its past challenges and has been progressing well on guided lines.

Pic: NSE 

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