The NIFTY 500 index saw significant activity this Monday, as shares of The Fertilisers and Chemicals Travancore Limited surged by nearly 20%, marking the highest gain among the index’s constituents. MMTC Limited followed closely with an 11.53% jump.

FACT.NS, a major player in the manufacture and marketing of fertilizers and petrochemicals, saw its stock price soar to ₹657.80 from the previous close of ₹548.20. MMTC.NS, a leading trading company, also had a bullish run, with its share price climbing to ₹83.20 from its last close of ₹74.60.

See Also: Why This Small Cap Tata Stock Is Upbeat Even After Reporting Loss In Q2

Meanwhile, Rashtriya Chemicals and Fertilizers Limited, ITI Limited, and Gujarat State Fertilizers & Chemicals Limited emerged as other top performers, with their stocks rising by 6.56%, 7.40%, and 9.69% respectively.

On the flip side, Delta Corp Limited and Sterling and Wilson Renewable Energy Limited (SWSOLAR.NS) were the top losers on the index. Deltacorp a prominent name in the gaming and hospitality industry, saw its stock price decline by 8.57% to ₹128.00. SWSOLAR.NS, a reputed provider of engineering, procurement, and construction services to solar power projects, witnessed a dip of 4.99% in its share price, closing at Rs 295.05.

Other laggards included The Phoenix Mills Limited, Adani Power Limited, and J. B. Chemicals & Pharmaceuticals Limited, which saw their stocks fall by 4.45%, 3.58%, and 3.44% respectively.

The benchmark indices fell for the third straight session on Monday. Nifty 50 ended the day 0.098% lower while Sensex slumped 0.17% on Monday. The Nifty 500, on the other hand, managed to stay in the green as it ended the day 0.015% higher.

Talking about today’s movement Devarsh Vakil, deputy head of retail research, HDFC Securities said while the broader indices saw a fall, “mid- and small-cap stocks managed to buck the trend and witnessed some bargain hunting ahead of festival-driven demand.” He added that if the Nifty 50 regains above 19,845 levels, the bullish momentum can come back.

Read Next: Flipkart’s Chief People Officer Quits After Decade-Long Association: Report