3 prominent Large-Cap Stocks That Crossed Their 100-Day Average Today: Union Bank, IndiGo, and D-Mart Lead the Way
3 prominent large-cap stocks—Union Bank of India, InterGlobe Aviation (IndiGo), and Avenue Supermarts (D-Mart)—demonstrated notable market activity by surpassing their 100-day average prices. This performance highlights significant movements in the Indian stock market, particularly within the Nifty Next 50 index.
Union Bank of India: Robust Surge Amidst Recovery
Union Bank of India experienced a substantial uptick, with its stock price climbing 5% to close at ₹119.55. This rise positioned the stock comfortably above its 100-day average of ₹117.34. Despite this positive movement, the stock remains approximately 31% below its 52-week high of ₹172.50, achieved on June 3, 2024. Conversely, it has recovered about 19% from its 52-week low of ₹100.81, recorded on January 13, 2025. Over the past year, Union Bank’s stock has declined by 18%, bringing its current market capitalization to ₹91,250 crore.
InterGlobe Aviation (IndiGo): Steady Ascent Reflecting Strong Momentum
InterGlobe Aviation, the operator of IndiGo airlines, saw its stock price increase by 1.5%, closing at ₹4,410. This performance surpassed its 100-day average of ₹4,397.11. Over the past year, IndiGo’s stock has demonstrated strong momentum, appreciating by over 39%. Despite being more than 12% below its 52-week high of ₹5,035, reached on September 12, 2024, the stock has surged nearly 48% from its 52-week low of ₹2,984, recorded on February 9, 2024. The company’s current market capitalization stands at ₹1.7 lakh crore.
Avenue Supermarts (D-Mart): Brief Peak Above Average Before Retreat
Avenue Supermarts, the operator of the D-Mart retail chain, experienced a brief surge, with its stock reaching a high of ₹4,015 during the session, surpassing its 100-day average of ₹4,012.80. However, the stock later retreated, closing down 1% at ₹3,882. Currently, D-Mart’s stock is approximately 29% below its 52-week high of ₹5,484.85, achieved on September 24, 2024. It has, however, rebounded about 15% from its 52-week low of ₹3,399, recorded on December 20, 2024. Over the past year, the stock has seen a modest increase of about 4.5%, with its current market capitalization at ₹2.54 lakh crore.
Financial Ratios Overview
To provide a clearer picture of these companies’ financial health, here are some key financial ratios:
| Company | P/E Ratio | P/B Ratio | Dividend Yield (%) | EPS (₹) | Market Cap (₹ Crore) |
|---|---|---|---|---|---|
| Union Bank of India | 5.20 | 0.75 | 3.33 | 22.99 | 91,250 |
| InterGlobe Aviation (IndiGo) | 28.52 | 45.67 | 0.00 | 157.49 | 1,73,537 |
| Avenue Supermarts (D-Mart) | 102.50 | 15.30 | 0.20 | 38.00 | 2,54,000 |
Data as of February 5, 2025.
Nifty Next 50: Price-Volume Action
The Nifty Next 50 index, representing 50 companies from the Nifty 100 after excluding the Nifty 50 companies, serves as a barometer for the performance of emerging large-cap companies in India. As of February 4, 2025, the Nifty Next 50 index stood at 23,739.25, reflecting an increase of 378.20 points (1.62%) from the previous close.
This positive movement indicates a healthy interest in these ‘next-in-line’ blue-chip companies, suggesting potential growth opportunities for investors. The index’s performance is a crucial indicator for those looking to invest in companies that are on the cusp of becoming part of the Nifty 50.
Conclusion
The recent performances of Union Bank of India, InterGlobe Aviation, and Avenue Supermarts underscore the dynamic nature of the Indian stock market. While these stocks have shown significant movements, it’s essential for investors to consider various financial metrics and market conditions before making investment decisions. The Nifty Next 50 index’s recent uptick further highlights the potential within India’s emerging large-cap companies, offering a promising avenue for investment exploration.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.