IRB Infrastructure Leads The Way In NIFTY 500 Today

Today, the NIFTY 500 Index witnessed an interesting trading day with IRB Infrastructure Developers Limited leading the pack of top performers, while Housing and Urban Development Corporation Limited fared the worst.

IRB Infrastructure Developers Limited, an infrastructure development company, witnessed a significant spike of 6.61%, with its stock price reaching Rs. 34.70. The firm operates in the construction sector and offers real estate, hospitality and airport development services.

Other top performers included Sun Pharma Advanced Research Company Limited with a gain of 5.35%, the biopharmaceutical player Aarti Drugs Limited which saw an upswing of 5.55%, and Ratnamani Metals & Tubes Limited, a stainless steel and carbon steel pipe manufacturer, which saw a rise of 5.75%. HLE Glascoat Limited, a producer of carbon steel glass-lined equipment, also had a good day, with its stocks gaining 5.36%.

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On the other hand, Housing and Urban Development Corporation Limited suffered a significant blow with its share prices dipping by 10.78%. The massive dip comes as the government announced its intent to cut its stake in the company.

Other stocks that failed to impress included MMTC Limited, a trading company, which saw a decline of 9.99%. ITI Limited, a manufacturer of telecommunication equipment, also struggled with a drop of 8.35%. Syngene International Limited, a contract research and manufacturing company, saw its share prices dip by 6.68%, and biopharmaceutical firm Biocon Limited experienced a drop of 6.38%.

The Indian markets had a tough day today with both benchmark indices ending deep in the red. Nifty 50 fell around 0.71%, while Sensex dropped 0.83% on Wednesday. The Nifty 500 index also felt the burn as it ended the day 0.71% lower.

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