SUMMARY
From BSE to Kfin Tech, these stocks ended at their respective record high levels on Thursday, when the Sensex tanked nearly 1,000 points.
1 / 6The Sensex fell nearly 1,000 points on Thursday in a rub-off from a sharp sell-off in the US markets post the US Federal Reserve’s post rate cut commentary. Despite two stocks declining for every one stock that advanced, these names ended at an all time high during Thursday’s session. Here is a look at these stocks:
2 / 6Kfin Tech | Shares of KFin Tech ended 7.6% higher on Thursday at a record high. Brokerage firm Jefferies on Wednesday had maintained its “buy” rating on the stock and increased its price target to ₹1,530. The stock has nearly tripled in value in 2024 so far, with gains of 196%.
3 / 6Oracle Financial Services | Shares of Oracle Financial staged a sharp recovery from the lows of the day to end 4.5% higher at a record high. Similar to Kfin Tech, Oracle Financial Services has also nearly tripled in value in 2024, gaining 197% so far.
4 / 6Mankind Pharma | Pharma stocks bucked the trend in an otherwise weak market with the Nifty Pharma index ending as the only sectoral gainer. Shares of Mankind Pharma have gained 45% so far in 2024.
5 / 6BSE | Shares of the Bombay Stock Exchange (BSE) continued its outperformance, despite the market texture turning weak. The stock is now nearing the mark of ₹6,000 and has doubled in value over the last six months. For the year so far, the stock has gained 162%, following the 307% it had gained in 2023.
6 / 6Persistent Systems | IT stocks saw a broader sell-off but there were some IT names that stood tall in Thursday’s session. Persistent Systems was one among the midcap IT names along with Coforge and Oracle Financial that saw a swift recovery from the lows of the day. The stock ended 2% higher at ₹6,680, taking its gains for 2024 to 80%. This comes after a 90% surge in 2023.
