Suzlon Competitor Crashes 10% To Become Worst Nifty 500 Performer On Tuesday

On Tuesday’s trading session, more Nifty 500 companies declined. 145 stocks gained while 354 declined while 1 remained unchanged.

3M India stood out as the top performer, registering an impressive 9.61% increase to close at ₹33,914.55, up from ₹30,942.10.

Top Gainers

StockCurrent PriceLast Close% Change
3M India Ltd₹33,914.55₹30,942.109.61%
ZF CV India₹17,162.30₹16,261.505.54%
GlaxoSmithKline Pharmaceuticals₹2,480.50₹2,361.005.06%
Prism Johnson₹155.65₹148.454.85%
Nuvama Wealth Management₹5,044.35₹4,860.303.79%

Behind 3M India, ZF Commercial Vehicle India also saw significant gains, with its stock price rising 5.54% to ₹17,162.30.

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GlaxoSmithKline Pharmaceuticals experienced a 5.06% increase to ₹2,480.50. Nuvama Wealth Management closed off the gainers with a 3.79% gain to ₹5,044.35.

Conversely, Inox Wind fell the most, plummeting by 9.99% to hit the lower circuit at ₹147.75. The slump comes after a block deal involving a 5% stake in the company worth over ₹400 crore was executed at the exchanges today. CNBC Awaaz had earlier reported that the company’s promoter entity Inox Wind Energy was looking to sell a 5% stake in the company.

The company manufactures Wind Turbine Generators (WTGs) and offers a range of services, including wind resource assessment, site acquisition, infrastructural development, erection and commissioning, and long-term operations and maintenance of wind power projects.

Top Losers

StockCurrent PriceLast Close% Change
Inox Wind₹147.75₹164.15-9.99%
Bharat Dynamics₹1,453.45₹1,544.85-5.92%
Elgi Equipments₹614.95₹652.40-5.74%
Indian Overseas Bank₹70.60₹74.50-5.23%
Affle India₹1,188.35₹1,252.50-5.12%

Other underperformers include Bharat Dynamics and Elgi Equipments, which saw a decrease of 5.92% and 5.74% respectively. Their current prices stand at ₹1,453.45 and ₹614.95.

Indian Overseas Bank and Affle India also faced a downturn, with a decline of 5.23% and 5.12% respectively, with their prices at ₹70.60 and ₹1,188.35.

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