Tech Mahindra Becomes #1 Stock In August; Bajaj Auto #1 Loser (Aug Analysis)
August saw the BSE Sensex climb by more than 7%.
The Sensex has gained over 3988 points this year, which is the most in 2021 so far. The BSE Sensex climbed by 3500 points in May by 7%.
IT companies dominated market gains in August, with Tech Mahindra leading the way.
There was a 17.35 per cent gain this month on the BSE Sensex, With a gain of 16.86 per cent, TCS is the second-best Sensex gainer in August.
Top BSE Companies With Loss
So far on August, 5 BSE Sensex components have been trading in the red.
The worst performance on the BSE Sensex is Bajaj Auto, which is down 3.07 per cent, while NPTC is down 2.71 per cent, Maruti Suzuki is down 2.6 per cent, SBI is down 2.08 per cent, and Dr Reddy’s Lab is down 0.73 per cent. So far in August, the BSE Sensex has gained 7.44% August.