LIC-Backed Midcap Stock Jumps 12% To Lead Nifty 500 Gainers

On Tuesday, the trading scene in India’s NIFTY 500 index was marked by a distinct rise and fall. Top performers included Balaji Amines, Bombay Burmah Trading Corporation and Alkyl Amines Chemicals, while RBL Bank, KAYNES Technology and V-Mart Retail found themselves on the losing side.

Balaji Amines Limited took the lead with its current price reaching ₹2,614.60, marking a 10.54% increase from the last close at ₹2,365.19. Bombay Burmah Trading Corporation Limited followed closely, its current price standing at ₹1,468.69, which is a 10.56% rise from the previous close at Rs 1,328.40.

StockCurrent PriceLast Close% Change
Castrol India Limited₹182.55₹162.5512.3%
NLC India Limited₹250.2₹223.911.75%
Alkyl Amines Chemicals₹2570.9₹2304.8511.54%
Bombay Burmah Trading Corporation ₹1468.7₹1328.410.56%
Balaji Amines Limited ₹2614.6₹2365.210.54%
StockCurrent PriceLast Close% Change
RBL Bank ₹260.55₹272.45-4.37%
KAYNES Technology₹2633.15₹2743.5-4.02%
V-Mart Retail ₹2027.15₹2104.45-3.67%
Home First Finance Company ₹959.05₹994.6-3.57%
Mtar Technologies₹2174.6₹2236.65-2.77%

However, the biggest gainer of the day was Castrol India Limited with a substantial 12.30% rise. The stock closed at ₹182.55, a significant jump from the last close at ₹162.55. LIC owns an 11.29% stake in the company.

On the other end of the spectrum, RBL Bank Limited suffered a 4.36% loss, with its current price falling to ₹260.54 from the last close at ₹272.45. KAYNES Technology Inc. and V-Mart Retail Ltd also experienced declines, with their prices dropping by 4.02% and 3.67% respectively.

Read Next: Graphic: Nifty 50 Nears Unbeaten Eight-Year Bull Run As Fruitful 2023 Comes To An End

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