LIC-Backed PSU Stock Surged Up 19% To Lead Nifty 500 Gainers

NBCC (India) led the charge with an extraordinary 19.06% increase in its stock price, closing at ₹168.65. LIC owns a 6.55% stake in the company.

StockCurrent PriceLast Close% Change
NBCC (India) Ltd.₹168.65₹141.6519.06%
SJVN Ltd.₹142.25₹127.5511.52%
Engineers India Ltd.₹261.35₹236.910.32%
NHPC Ltd.₹100.65₹91.410.12%
Bharat Petroleum Corporation Ltd.₹558.35₹508.459.81%

SJVN and Engineers India also showcased strong performances with gains of 11.52% and 10.32%, respectively. NHPC and Bharat Petroleum Corporation completed the list of top gainers with their stock prices rising by 10.12% and 9.81%.

Conversely, One 97 Communications faced a steep decline, with its stock price dropping by 20%, closing at ₹487.20.

StockCurrent PriceLast Close% Change
One 97 Communications Ltd.₹487.2₹609.0-20.0%
Himachal Futuristic Communications Ltd.₹96.8₹103.45-6.43%
Bikaji Foods International Ltd.₹547.55₹584.2-6.27%
Birla Corporation Ltd.₹1533.95₹1618.2-5.21%
Bayer CropScience Ltd.₹5788.65₹6067.4-4.59%

HFCL and Bikaji Foods International Ltd also saw notable declines, with their stock prices decreasing by 6.43% and 6.27%, respectively. Birla Corporation and Bayer CropScience rounded out the list of top losers with decreases of 5.21% and 4.59%.

On February 3, the Nifty 50 surged 2% to reach a new all-time high of 22,126.80 but retreated to close at 21,853.80, up 0.72%. Meanwhile, the Sensex hit an intraday high of 73,089.40 with a 2% jump and ended at 72,085.63, up 0.61%. The oil & gas index gained 4%, while the information technology, metal, realty, and power indices rose 1-2%. The bank index experienced a 0.5% decline. Nifty 500 closed 0.67% higher at 19,910.80.

Read Next: Upcoming IPOs In The Month Of February: A Complete List


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