On June 4, 2024, during the Lok Sabha Election results day, the Indian Benchmark indices slumped by upto 9 percent and closed 6 percent down in the day’s trade, followed by speculations that the I.N.D.I.A may gain majority or the N.D.A alliance didn’t achieve the targeted seats even though they won the elections by majority.
The Indian Benchmark Indices closed in green over the week following the Lok Sabha Election Results with the Nifty Gaining around 1,830.35 or 6.31 percent and the Sensex Gaining around 4,377.54 points or 6.07 percent in the last week, thereby taking the Indian Markets to make a New All time high.
Followed by the volatility during elections the Indian Markets recovered and some of them made their new all-time high prices as it felt positive by N.D.A coming into power and forming the government-aligned by the future growth plans.
Listed below are some of the stocks that gained the most over the week
Wardwizard Innovations & Mobility
Wardwizard Innovations & Mobility Limited is one of India’s leading auto-manufacturing companies in the Electric Vehicle (EV) segment under the brand name Joy e-bike. It engaged in the manufacturing of motorcycles, scooters, mopeds, and their engines
It also engaged in trading home appliances and electronic appliances, such as air conditioners, four-door refrigerators, light-emitting diodes televisions, portable air conditioners, air purifiers, Alkaline water purifiers, and hydrogen water bottles.
With a market capitalization of Rs. 1,917 Crores, the shares of Wardwizard Innovations & Mobility Limited closed at Rs. 73.55 per equity share, up 17.29 percent from its previous day’s close price of Rs. 62.71.
The shares of Wardwizard Innovations & Mobility Limited have delivered a return of 50.53 percent in a week since the outcome of the Lok Sabha Elections 2024.
Its revenue from operations grew by 153 percent from Rs. 50.55 Crores in Q4FY23 to Rs. 128.05 Crores in Q4FY24, accompanied by profits of Rs. 1.45 Crores to Rs. 4.28 Crores.
Heritage Foods
Heritage Foods Limited is engaged in the business of procurement and processing of Milk & Milk products, Feed, and also the generation of power through solar & wind for the captive consumption of its dairy plants.
With a market capitalization of Rs. 6,119 Crores, the shares of Heritage Foods Limited hit a 5 percent lower circuit at Rs. 659.45, from its previous day’s close price of Rs. 694.15.
The shares of Heritage Foods Limited have delivered a return of 45 percent in a week since the outcome of the Lok Sabha Elections 2024.
Its revenue from operations grew by 16.26 percent from Rs. 817.6 Crores in Q4FY23 to Rs. 950.57 Crores in Q4FY24, accompanied by profits of Rs. 17.93 Crores to Rs. 40.5 Crores.
3B Blackbox Dx
3B Blackbio DX Limited formerly known as Kilpest India Limited is engaged in the business of manufacturing pesticide products, micro fertilizers, biofertilizers, biopesticides, public health products and many more.
With a market capitalization of Rs. 870 Crores, the shares of 3B Blackbio DX Limited closed at Rs. 1158.25 per equity share, up 16.33 percent from its previous day’s close price of Rs. 995.65.
The shares of 3B Blackbox Dx Limited have delivered a return of 38 percent in a week since the outcome of the Lok Sabha Elections 2024.
Its revenue from operations grew by 5.16 percent from Rs. 356.26 Crores in Q4FY23 to Rs. 374.63 Crores in Q4FY24, accompanied by profits of Rs. 38.61 Crores to Rs. 49.7 Crores.
Bhagiradha Chemicals & Industries
Bhagiradha Chemicals & Industries is an Agro Chemical Company engaged in the manufacturing of insecticides, fungicides, and herbicides. It has its footprint in various countries, including Argentina, Korea, Australia, Malaysia, Belgium, Mexico, Brazil, and many more.
With a market capitalization of Rs. 2,671 Crores, the shares of Bhagiradha Chemicals & Industries Limited closed at Rs. 256.70 per equity share, up 0.79 percent from its previous day’s close price of Rs. 254.70.
The shares of Bhagiradha Chemicals & Industries Limited have delivered a return of 39 percent in a week since the outcome of the Lok Sabha Elections 2024.
Its revenue from operations decreased by 9.99 percent from Rs. 122.57 Crores in Q4FY23 to Rs. 110.32 Crores in Q4FY24, accompanied by profits of Rs. 9.82 Crores to Rs. 8.12 Crores.
Nava
Nava Limited is engaged in the business of manufacturing and selling ferroalloys, generation of power, and providing operation & maintenance services for power assets, mining, agribusiness and healthcare.
With a market capitalization of Rs. 10,178 Crores, the shares of Nava Limited closed at Rs. 650.85 per equity share, up 8.38 percent from its previous day’s close price of Rs. 600.50.
The shares of Nava Limited have delivered a return of 34 percent in a week since the outcome of the Lok Sabha Elections 2024.
Its revenue from operations grew by 4.82 percent from Rs. 881.44 Crores in Q4FY23 to Rs. 923.9 Crores in Q4FY24, accompanied by profits of Rs. 341.47 Crores to Rs. 255.08 Crores.
Written by: Bharath K.S
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