Reliance-Backed Small Cap Stock Surges 9% To Lead Nifty 500 Gainers

Alok Industries Ltd. and Sterlite Technologies were the top gainers while Kalyan Jewellers and Usha Martin led the losses.

Alok Industries emerged as the top performer of the day, with a notable surge of 9.79% to ₹21.29. The textile manufacturing company’s stock has seen a substantial uptick from the previous close of ₹19.39. Reliance Industries is a promoter of the company and owns a 40% stake in the company.

StockCurrent PriceLast Close% Change
ALOKINDS.NS₹21.3₹19.49.79%
STLTECH.NS₹157.15₹144.48.83%
GICRE.NS₹241.95₹224.87.63%
KNRCON.NS₹283.15₹263.257.56%
MAPMYINDIA.NS₹2277.1₹2127.17.05%
Top Gainers.
StockCurrent PriceLast Close% Change
KALYANKJIL.NS₹313.5₹329.8-4.94%
JYOTHYLAB.NS₹439.2₹458.6-4.23%
USHAMART.NS₹312.9₹325.95-4.0%
WELSPUNIND.NS₹162.65₹168.8-3.64%
JINDALSAW.NS₹490.95₹506.8-3.13%
Top Losers.

Following Alok Industries, Sterlite Technologies saw a significant uptick of 8.82%. The telecom and internet technology company’s stock rose to ₹157.14 from the previous close of ₹144.39.

Other top gainers included MapmyIndiaKNR Constructions and General Insurance Corporation of India with gains of 7.05%, 7.55% and 7.62% respectively.

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On the flip side, Kalyan Jewellers bore the brunt of the market, with the stock price dipping by 4.94% to ₹313.50 from the last close of ₹329.79.

Close on Kalyan Jewellers’ heels, Usha Martin registered a 4% decline in its stock price to ₹312.89.

Other major losers included Jyothy LabsWelspun India, and Jindal Saw, with their stocks shedding 4.23%, 3.64%, and 3.12% respectively.

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