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Nifty 50 Closes at ₹24,316.05 (+1.34%), Adani Enterprises & ONGC Lead Gains, Alkem Labs has been on a 5-day winning streak!

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Top Indices Performance Overview

Nifty 50 Performance Overview

The Nifty 50 started the day at ₹24,289.4, showing some volatility throughout the session. It touched a low of ₹24,184.9 before climbing to a high of ₹24,337.69. Ultimately, the index closed at ₹24,316.05, a positive gain of 1.34%.

The table below highlights the top gainers and losers, which played a role in shaping the Nifty 50’s performance today.

Nifty 50 Top Gainers

Nifty 50 Top Losers

Nifty 50 Stocks To Watch for Tomorrow

➲ Adani Enterprises (Bullish Pattern)

  • Performance Overview: Over the last 26 trading sessions (ending on Wednesday, August 7, 2024), Adani Enterprises has closed higher 12 times and lower 14 times.
  • Recent Trend: Adani Enterprises has been on a 2-day winning streak, closing in the green since Monday, August 5, 2024.
  • Returns: Adani Enterprises has provided a 0.24% return during this period. If you had invested ₹10,000, it would now be worth ₹10,024.
  • Financial Insight: Over the last 12 months, Adani Enterprises generated a revenue of ₹99,248.91 Crore and earned a profit of ₹3,887.4 Crore.
  • As of Wednesday, August 7, 2024, Adani Enterprises has a Market Capital of ₹3,60,399.58 Crore.
  • Summary: Adani Enterprises is showing a strong bullish pattern. Investors are keeping a close eye on its price movements to identify both short-term and long-term growth opportunities. Checkout Adani Enterprises Target for Tomorrow and Adani Enterprises Targets for 2024 & 2025 for more insights.

Adani Enterprises Financial Performance

➲ IndusInd Bank (Showing a Downward Trend)

  • Performance Overview: Over the past 26 trading days, IndusInd Bank’s share price has closed lower 16 times and higher 10 times.
  • Recent Trend: IndusInd Bank has been on a downward streak for the last six trading days, with no positive closes since Tuesday, July 30, 2024.
  • Returns: In the last 26 trading sessions, IndusInd Bank has seen a 7.57% decline in its share price. This means that an investment of ₹10,000 would have dropped to ₹9,243 during this period.
  • Financial Insight: Over the past 12 months, Adani Enterprises has brought in ₹26,840.87 Crore in revenue and generated a profit of ₹9,023.59 Crore.
  • As of Wednesday, August 7, 2024, Adani Enterprises has a Market Capital of ₹1,07,547.44 Crore.
  • Summary: IndusInd Bank is currently experiencing a downward trend. We suggest investors pay close attention to its performance, particularly its potential price movement for tomorrow and expected price targets for 2024 and 2025.

IndusInd Bank Financial Performance

Nifty 500 Performance Overview

The Nifty 500 kicked off the day at ₹22,764.9, showing some spirited movement throughout the session. It dipped to a low of ₹22,651.69 before rallying to a high of ₹22,870.5. The index ultimately closed strong, ending the day at ₹22,867.5 (+1.89%).

The day’s gains were driven by a combination of factors, with top gainers and losers playing a key role.

Nifty 500 Top Gainers

Nifty 500 Top Losers

Nifty 51 to 500 Stocks To Watch for Tomorrow

➲ Alkem Labs (Looking Upward!)

  • Performance Overview: Over the past 25 trading days, Alkem Labs has closed higher 15 times and lower 10 times. This suggests some positive momentum in its recent performance.
  • Recent Trend: Alkem Labs has been on a 5-day winning streak, with no red days since Monday, July 29, 2024.
  • Returns: Investing ₹10,000 in Alkem Labs over the last 25 trading days would have yielded a return of 10.94%, bringing your total to ₹11,094. That’s a solid gain!
  • Financial Insight: In the past year, Alkem Labs generated a revenue of ₹12,667.57 Crore and a profit of ₹1,795.76 Crore. This strong financial performance is a good sign for the company’s health.
  • As of Wednesday, August 7, 2024, Alkem Labs has a Market Capital of ₹63,645.64 Crore.
  • Summary: Alkem Labs is currently showing a strong upward trend. Investors who are interested in this stock should keep a close eye on its price movements, both for potential short-term and long-term gains. Checkout Alkem Labs Target for Tomorrow and Alkem Labs Targets for 2024 & 2025 for more insights.

Alkem Labs Financial Performance

➲ Easy Trip (Bearish Pattern)

  • Performance Overview: In the last 26 trading sessions, Easy Trip has closed in red 16 times and in green 10 times. This suggests a recent period of volatility for the stock.
  • Recent Trend: Easy Trip has been on a 8-day red streak, without a single day closing in green since Fri 26 Jul 2024. This streak might be a cause for concern for short-term investors.
  • Returns: Easy Trip gave a -5.61% returns in the last 26 trading sessions, that means your investment of ₹10,000 would have become ₹9,439. While this represents a loss, it’s important to remember that past performance isn’t necessarily indicative of future results.
  • Financial Insight: Over the past 12 months, Alkem Labs has generated a revenue of ₹590.57 Crore and created a profit of ₹103.1 Crore. These figures offer insights into the company’s financial health.
  • As of Wed 07 Aug 2024, Alkem Labs has a Market Capital of ₹6,903.86 Crore. This reflects the total value of the company in the market.
  • Summary: Easy Trip is currently experiencing a bearish phase. It’s a good time for investors to monitor the stock closely, particularly focusing on Easy Trip Target for Tomorrow and Easy Trip Targets for 2024 & 2025. Staying informed about potential price movements is key in making sound investment decisions.

Easy Trip Financial Performance

Top Stocks That Created a New All Time High Today

Top Large Cap Stocks That Created a New All Time High Today

Companies with Market Capital more than 20,000 Crores

Top Mid Cap Stocks That Created a New All Time High Today

Companies with Market Capital between 5,000 Crores to 20,000 Crores

Top Small Cap Stocks That Created a New All Time High Today

Companies with Market Capital less than 5,000 Crores

careermotto

A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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