Reliance-Backed Stock Jumps 13% To Lead Nifty 500 Gainers

On Friday’s trading session, the NIFTY 500 index experienced a mix of significant gains and losses among its stocks. Alok Industries Ltd. and GMR Infrastructure Ltd. stood out as the top performers, while Praj Industries Ltd. faced the steepest decline.

Alok Industries Ltd. emerged as the day’s star, recording an impressive 12.83% increase in its share price. The stock closed at ₹23.3, up from its previous closing of ₹20.65. Reliance Industries owns a 40% stake in the company.

StockCurrent PriceLast Close% Change
Alok Industries Ltd.₹23.3₹20.6512.83%
GMR Infrastructure Ltd.₹68.9₹61.711.67%
Infibeam Avenues Ltd.₹22.05₹20.29.16%
Brightcom Group Ltd.₹21.6₹20.057.73%
Sobha Ltd.₹1031.9₹967.156.69%
StockCurrent PriceLast Close% Change
Praj Industries Ltd.₹545.05₹607.5-10.28%
Shree Renuka Sugars Ltd.₹44.9₹47.9-6.26%
TV18 Broadcast Ltd.₹49.25₹52.3-5.83%
Adani Enterprises Solar Ltd.₹1131.5₹1198.7-5.61%
Adani Power Ltd.₹533.8₹562.4-5.09%

In contrast, Praj Industries Ltd. witnessed the most significant drop, with its stock price falling by 10.28% to ₹545.05 from the last close at ₹607.5.

Following Alok Industries Ltd., GMR Infrastructure Ltd. also marked a notable gain of 11.67%, taking its stock price to ₹68.9 from ₹61.7. Other gainers like Infibeam Avenues Ltd., Brightcom Group Ltd., and Sobha Ltd. saw their stock prices rise by 9.16%, 7.73%, and 6.69% respectively.

On the other hand, stocks like Shree Renuka Sugars Ltd., TV18 Broadcast Ltd., Adani Enterprises Solar Ltd., and Adani Power Ltd. also experienced downward trends, with losses ranging from 5.09% to 6.26%.

The day’s trading session highlighted the dynamic nature of the stock market, with certain stocks achieving significant gains while others faced notable declines. These movements are essential for investors to consider as they plan their strategies for the upcoming week.

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Posted In: EquitiesMarketsMoversTrading IdeasGainers And LosersNifty 500