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These 39 Group-A shares made fresh life highs on Budget day. Check if you own any!

At least 168 shares made fresh life highs for themselves on the Budget day, with 39 stocks from A group shares making it to the coveted list

February 01, 2024 / 19:07 IST
Star performers remained the PSU banks with Indian Overseas Bank, Indian Bank, UCO Bank and Bank of India rallying 6.15 percent, 5.23 percent, 4.96 percent and 4.68 percent, respectively

Post the Budget announcements, markets saw some bit of profit booking with Nifty slipping by 135 points from intraday highs of 21,832 levels to close at 21,697 .

Star performers remained the PSU banks with Indian Overseas Bank, Indian Bank, UCO Bank and Bank of India rallying 6.15 percent, 5.23 percent, 4.96 percent and 4.68 percent, respectively. Indian overseas Bank was the top BSE Midcap gainer.

Banking stocks bucked the trend with Nifty Bank closing higher by 199 points or 0.45 percent. Axis Bank and SBI put together contributed to almost 66 percent of the bank Nifty gains.

Nifty Auto index and Nifty energy index featured amongst the top sectoral index gainers along with Nifty PSU index by recording gains of 0.53 percent, 0.44 percent and 3.11 percent respectively.

Check this for Budget highlights 

Price volume breakout was seen in Nifty stocks viz, Maruti was up by 4.43 percent and spurt in volume of three times, Eicher Motors up by 2.44 percent with spurt in volume of two times, HDFC Life up by 1.82 percent with spurt in volume of two times and Tata Consumer gaining by 1.04 percent with spurt in volume of three times.

GEPIL saw spike on volume of 21 times with price gain of 20 percent. Stocks related to EV sector and green energy sector were seen trending with shares of Suzlon and Gensol Engineering locked in the upper circuit.

At least 168 shares made fresh life highs for themselves on the budget day with 39 stocks from A-group shares making it to the coveted list and 43 stocks from the B-group shares making fresh life highs for themselves on an eventful day for the markets. The list features stocks from the financial and stock broking sector such as Anand Rathi and Monarch Network Capital that made fresh highs for themselves. Auto stocks Bajaj Auto and Hero Motocorp were also seen making fresh highs for themselves.

Here is the complete list of stocks from Group A Shares and Group B shares that made fresh life highs for themselves on the budget day:.

Shares trading at Life Highs

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Yogesh Supekar
first published: Feb 1, 2024 07:07 pm

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