As 2024 draws to a close, it’s time to reflect on the performance of key stocks that have either soared or faltered on the Sensex. While some companies delivered stellar returns, others failed to meet expectations, proving that even the largest firms are not immune to market fluctuations. Here’s a detailed look at the top 5 gainers and losers on the BSE Sensex this year.
Top 5 Gainers of BSE Sensex
1. Zomato Limited
Zomato emerged as the top-performing stock on the BSE Sensex in 2024. Closing at ₹271.15, it recorded an impressive annual return of 113.42%. With a 52-week high of ₹304.50 and a low of ₹120.70, Zomato’s market cap now stands at ₹2,61,669.26 crore. The company’s robust growth reflects its increasing dominance in the food delivery and tech-driven services space.
2. Mahindra & Mahindra Limited
Mahindra & Mahindra delivered stellar returns, closing the year at ₹3050.10 with an annual growth of 80.77%. The stock touched a high of ₹3,221.10 and a low of ₹1,575.25 during the year. With a market cap of ₹3,79,288.73 crore, the company benefited from strong demand in the automotive and agribusiness sectors.
3. Bharti Airtel Limited
Bharti Airtel showcased strong performance with a closing price of ₹1598.95, marking a return of 56.61%. The stock reached a peak of ₹1,778.95 and a low of ₹1,007.30, supported by consistent growth in telecom services. The company’s market cap stands at ₹9,10,735.22 crore, reflecting its leadership in the sector.
4. Sun Pharma
Sun Pharma closed at ₹1861.70, achieving a return of 48.73%. The stock’s 52-week high was ₹1,960.20, with a low of ₹1,249.80. Its market cap is ₹4,46,673.28 crore. This growth was driven by strong global demand for its pharmaceutical products and innovation in specialty drugs.
5. Tech Mahindra
Tech Mahindra rounded out the top gainers with a closing price of ₹1711.80, delivering a return of 33.71%. The stock reached a high of ₹1,807.40 and a low of ₹1,163.70. With a market cap of ₹1,67,548.77 crore, the company benefited from increased demand for IT services and digital transformation initiatives.
Top 5 Losers of BSE Sensex
1. IndusInd Bank
IndusInd Bank suffered the steepest losses, closing at ₹953.55, with a negative return of 40.29%. The stock saw a 52-week high of ₹1,694.35 and a low of ₹927.05. Its market cap now stands at ₹74,286.47 crore. Sluggish financial performance and weak investor sentiment contributed to its decline.
2. Asian Paints
Asian Paints struggled in 2024, closing at ₹2270.90 with a negative return of 33.27%. The stock hit a high of ₹3,422 and a low of ₹2,257. The market cap is ₹2,17,824.23 crore, with rising input costs and slowing demand affecting its performance.
3. Nestle
Nestle faced headwinds, closing at ₹2165.40, marking a negative return of 15.81%. The stock reached a high of ₹2,777 and a low of ₹2,146.45. With a market cap of ₹2,08,778.59 crore, the company faced challenges from inflationary pressures on raw materials.
4. Hindustan Unilever
Hindustan Unilever closed the year at ₹2340.25, recording a negative return of 10.31%. The stock’s 52-week high was ₹3,034.50, with a low of ₹2,170.25. Its market cap is ₹5,49,863.10 crore. Sluggish rural demand and competitive pressures were key factors behind the underperformance.
5. Titan Company Limited
Titan Company struggled, closing at ₹3310.35, with a negative return of 10.25%. The stock touched a high of ₹3,885 and a low of ₹3,059. Its market cap stands at ₹2,93,888.29 crore. Rising gold prices and cautious consumer spending impacted its jewelry segment.
Key Takeaways from 2024
The stock market is a dynamic environment where even large-cap companies face challenges. Zomato’s remarkable growth story highlights the potential of tech-driven businesses, while IndusInd Bank’s struggles serve as a cautionary tale of financial sector volatility.
As we look ahead to 2025, staying informed and adaptable will be crucial for navigating the ever-changing landscape of the stock market.
