NIFTY 500's Top Movers And Shakers Today: 2 Railway Stocks Zoom

On the Nifty 500 Index, ITI Limited led the pack of top performers on Friday, marking a significant gain of nearly 20%. The company, a major player in the telecommunications equipment sector, saw its shares close at ₹271.10, up from the previous close of ₹225.95.

Following closely was Ircon International Limited, with a surge of over 10%. The railway company’s shares closed at ₹149.65, significantly higher than the last close of ₹135.90. RITES Limited a fellow railway stock saw a similar surge today. The surge in the two stocks came as the government awarded “Navratna” status to the companies.

StockCurrent Price Prev. Close%Change
ITI Limited₹271.1₹225.9519.98%
Ircon International Limited₹149.65₹135.910.12%
Gujarat State Fertilizers & Chemicals Limited₹186.85₹175.156.68%
MMTC Limited₹74.6₹70.555.74%
RITES Limited₹498.45₹473.355.3%
Top Gainers.
StockCurrent PricePrev. Close% Change
Infibeam Avenues Limited₹20.9₹21.9-4.57%
Bandhan Bank Limited₹240.7₹251.0-4.1%
The Bombay Burmah Trading Corporation, Limited₹1185.65₹1228.9-3.52%
Mphasis Limited₹2376.2₹2455.85-3.24%
Linde India Limited₹6446.3₹6654.1-3.12%
Top Losers.

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Gujarat State Fertilizers & Chemicals Limited also registered a notable gain of around 6.7%, with its shares trading at ₹186.85 at the close of business.

MMTC Limited, a trading company with diverse operations saw its share price increase by approximately 5.7% to ₹74.60, while RITES Limited saw a 5.3% rise to ₹498.45.

On the flip side, Infibeam Avenues, experienced the most significant slide amongst the bottom performers, with a decline of over 4.57%. Other laggards included Mphasis LimitedThe Bombay Burmah Trading Corporation, LimitedBandhan Bank Limited, and Linde India.

The benchmark indices closed lower today post a volatile session. Nifty 50 slumped 0.22% and Sensex went down 0.19% to close out the last trading day of the week. Nifty 500 followed a similar trajectory going down around 0.17%. “Nifty recovered well after a gap-down opening on October 13. On weekly charts, it rose 0.5% forming a bullish engulfing bull pattern. Nifty could now face resistance in the 19839-19878 band while support could come in at 19512-19565 band,” said Deepak Jasani, head of retail research at HDFC Securities.

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