Nemish Shah-Backed Small Cap Stock Surged 8% To Lead Gainers In Nifty 500

The NIFTY 500 index saw an eventful trading day on Thursday, with some stocks making significant strides, while others witnessed a slump.

E.I.D.-Parry (India) Limited emerged as the top performer of the day, registering a strong upward swing of 8.37%. The stock closed at ₹532.10, an impressive jump from its previous close at ₹491.00. The stock counts ace investor Nemish Shah as its shareholder. Shah owns a 1.17% stake in the company.

PCBL was not far behind, posting a robust 7.90% hike. The stock ended the trading day at ₹262.10, up from its last close of ₹242.90.

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Hindustan Petroleum Corporation Limited also made notable gains, with a 6.93% climb. The stock closed at ₹326.70, a substantial increase from ₹305.50, its closing price on the previous trading day.

Praj Industries Limited and Aditya Birla Fashion and Retail Limited rounded out the top five gainers, escalating by 6.21% and 5.26% respectively. Praj Industries Limited closed at ₹615.90, up from ₹579.85, while Aditya Birla Fashion and Retail Limited ended the day at ₹226.30, rising from its last close of ₹215.00.

However, not all stocks enjoyed a positive trajectory. Cipla experienced a significant drop, skidding by 7.93% to close at ₹1,170.65, a sharp decline from its previous close at ₹1,271.50.

Tube Investments of India was the worst performer of the day, plummeting by 8.25%. The stock closed at ₹3,422.45, a stark drop from its last close of ₹3,730.35.

Vijaya Diagnostic Centre Limited, JB Chemicals & Pharmaceuticals Limited, and Home First Finance Company India Limited also found themselves among the bottom five performers, with losses of 4.22%, 4.16%, and 4.08% respectively.

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