On Tuesday, more Nifty 500 companies saw declines than advances. 218 companies advanced, 278 companies declined while 4 remained unchanged. Hindustan Zinc led the rally among top performers, while Delhivery experienced a sharp decline.
Hindustan Zinc recorded an impressive surge of 19.99%, with its stock price climbing from ₹619.70 to ₹743.60.
Following closely, Rail Vikas Nigam Limited saw an increase of 13.28%, with its stock price rising from ₹299.70 to ₹339.50. The gain might reflect strong quarterly results or optimistic growth forecasts in the infrastructure development space. Brokerages raised the target price for the stock after the company reported strong earnings.
Top Gainers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Hindustan Zinc | ₹743.60 | ₹619.70 | 19.99% |
| RVNL | ₹339.50 | ₹299.70 | 13.28% |
| HUDCO | ₹269.90 | ₹244.60 | 10.34% |
| SJVN | ₹148.40 | ₹134.70 | 10.17% |
| Cochin Shipyard | ₹1,626.90 | ₹1,484.15 | 9.62% |
HUDCO also enjoyed a significant uptick, with its shares increasing by 10.34% to ₹269.90 from ₹244.60.
See Also: BHEL Reports 25% Slump In Profit, Announces ₹0.25 Dividend
SJVN and Cochin Shipyard rounded out the top five gainers, with stock increases of 10.17% and 9.62%, respectively.
On the downside, Delhivery faced the most significant loss, dropping 10.31% to ₹390.00 from ₹434.85.
Top Losers
| Stock | Current Price | Last Close | % Change |
|---|---|---|---|
| Delhivery | ₹390.00 | ₹434.85 | -10.31% |
| Triveni Turbine | ₹594 | ₹638.80 | -7.01% |
| Aptus Value Housing | ₹298.60 | ₹316.00 | -5.51% |
| Nuvama | ₹4,650 | ₹4,920.60 | -5.50% |
| Trident | ₹38.30 | ₹40.50 | -5.43% |
Triveni Turbine and Aptus Value Housing also saw substantial declines, falling 7.01% and 5.51%, respectively.
Nuvama and Trident completed the list of the top five losers, with declines of 5.50% and 5.43%, respectively.
Engineered by Benzinga Neuro, Edited by Ananthu CU
The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.
Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.