Top Gainers of the Day: M&M, Titan, TechM, Nestle India, and Infosys

The benchmark stock indices, BSE Sensex and NSE Nifty50, closed lower for the second day in a row on November 08, 2024. The BSE Sensex dropped by 55.47 points (0.07%) to end at 79,486.32, while the Nifty 50 fell 51.15 points (0.21%) to close at 24,148.20.

Out of the 50 stocks in the Nifty50 index, here are the NSE top gainers for the day- 

• Mahindra And Mahindra

Mahindra And Mahindra share price closed at ₹2,960.60, reflecting a 2.40% rise. The company reported a 13% year-on-year increase in standalone net profit for the quarter ending September 30, 2024. Revenue from operations rose by 12% year-on-year to ₹28,919 crore. For the July-September period, the company posted an EBITDA of ₹5,270 crore, with margins at 18.2%.

• Titan 

Titan share price closed at ₹3,183.00, reflecting a 1.99% rise. The company reported a 23% drop in net profit to ₹704 crore for the second quarter of the 2024-25 financial year, down from ₹916 crore in the same period last year, as per its BSE filing.

• Tech Mahindra

Tech Mahindra share price closed at ₹1,677.00, reflecting a 1.57% rise. 

• Nestle India

Nestle India share price closed at ₹2,294.15, reflecting a 1.38% rise. Revenue from operations reached ₹5,104 crore, marking a 1.3% increase from ₹5,036.8 crore in the September 2023 quarter. The operating profit margin declined by 140 basis points year-over-year to 22.9%.

• Infosys

Infosys share price closed at ₹1,825.95, reflecting a 1.27% rise. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.