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The Nifty 50 index made a low of 21,964 on March 4. In the 11 trading sessions post that, the index has gained over 1,200 points, ending close to the 23,200 mark on Thursday, March 20.

Index heavyweights have been significant contributors to this 1,200-point recovery, prominent among them being Reliance Industries and ICICI Bank, both of which have surged 9% each since then. Here are some of the other top gainers during these last 11 trading sessions.

Tata Steel | India’s largest steel company is the top gainer on the Nifty 50 index over these last 11 trading sessions, having gained over 14% during this period. The proposal to impose safeguard duties on certain steel imports has led to analysts reiterating their positive stance on this Tata Group enterprise.

Bharat Electronics | BEL has also been in the news as it still needs to win orders worth close to ₹8,000 crore to meet its financial year 2025 order inflow guidance of ₹25,000 crore. The rally in its defence peers like Garden Reach and HAL has also rubbed off on BEL, with the stock having gained 12% since March 4.

Sun Pharma | The only Pharma company on the list, Sun Pharma’s shares have risen 11.7% during this period. Despite this recovery, the stock is still 12% adrift of its 52-week high of ₹1,960.

Tata Motors | The stock has been in recovery mode from its 52-week low of ₹606, having gained 11.4% during this period. The recovery has been triggered by assuring comments from the company’s CFO regarding JLR meeting its guidance for the fourth quarter and the full year. With the stock having nearly halved from its July 2024 peak, brokerages too are turning optimistic on its prospects, citing favourable valuations.

Adani Ports | One among the two Adani Group stocks on the Nifty 50, India’s largest ports company has seen its stock rise 11.3% since the closing of March 4. Despite this recent recovery, the stock is still 27% below its 52-week low of ₹1,621.

Power Grid and Hindalco are two of the other Nifty 50 constituents who have gained over 10% each during this period. HDFC Life is the stock that completes the top 10 gainers list, with gains of over 9%.

Only four Nifty stocks have delivered negative returns during these 11 trading sessions, one of course, being IndusInd Bank (down 30%) post the recent issues faced by the lender. The stock is still in the F&O ban. The other three underperformers, unsurprisingly, are IT stocks, led by Tech Mahindra (down 5.2%), Infosys and Wipro (down 4.3% each).
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