Akash Bhanshali-Backed Midcap Stock Surged 11% To Emerge As Top Gainer In Nifty 500

India’s NIFTY 500 index saw a noteworthy shuffle on Wednesday with several stocks making significant moves. Welspun India led the top gainers, while Jubilant Pharmova Limited languished at the bottom.

Welspun India, a home textile products manufacturer, saw an impressive 11.22% rise in its stock, ending the day at ₹142.20 from its last close at ₹127.85. The Mumbai-based company offers a wide array of products including towels, bed linen, and flooring solutions.

StockCurrent PriceLast Close% Change
Welspun India₹142.2₹127.8511.22%
Aster DM Healthcare Limited₹356.9₹330.557.97%
Amber Enterprises India Limited₹2975.25₹2793.96.49%
BSE Limited₹1788.7₹1707.154.78%
Indian Overseas Bank₹38.9₹37.154.71%
Top Gainers.
StockCurrent PriceLast Close% Change
Jubilant Pharmova Limited₹330.9₹358.5-7.7%
Safari Industries (India) Limited₹3881.15₹4160.75-6.72%
Data Patterns (India) Limited₹1826.25₹1949.05-6.3%
Cera Sanitaryware Limited₹8238.45₹8778.45-6.15%
TeamLease Services Limited₹2429.4₹2587.7-6.12%
Top Losers.

Healthcare provider, Aster DM Healthcare Limited, also delivered a strong performance with its stock soaring 7.97% to ₹356.90, up from its previous close of ₹330.55.

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The banking sector saw a positive move as well, with Indian Overseas Bank climbing 4.71% to ₹38.90. BSE Limited also rose by 4.77%.

On the flip side, Jubilant Pharmova Limited, a pharmaceutical and life sciences company, witnessed a 7.69% drop, closing at ₹330.90. Safari Industries (India) Limited, a luggage manufacturer, also experienced a downhill slide of 6.72%, closing at INR 3881.15.

Other stocks experiencing a dip included Data Patterns (India) LimitedCera Sanitaryware Limited and TeamLease Services Limited with decreases of 6.30%, 6.15% and 6.11% respectively.

The market saw heavy correction on Wednesday again after closing over 1% lower on Monday. The Nifty 50 and Sensex dropped 0.83% and 0.81% respectively. Nifty 500 index saw a drop of around 0.76%.

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