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.

See Also: Suzlon Vs Inox Wind Energy: One Year Returns In Charts

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%.

Read Next: Whatsapp Slow On Your Phone? Paytms Vijay Shekhar Sharma Has A Solution

Engineered by Benzinga Neuro, Edited by Utkarsh Roshan

The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.

Market News and Data brought to you by Benzinga APIs

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: EquitiesMarketsMoversTrading IdeasNifty 500Welspun India