Nifty 500 Losers: Small Cap Stock Sinks 8% After Promoter Cuts Stake

On Thursday, market breadth was negative with more declines than advances. 85 stocks advanced while 414 stocks declined and 1 remained unchanged. Emami was the top gainer while IRB Infrastructure and KFintech were the biggest losers.

Emami shares surged 16.8% to ₹611.85, up from ₹523.85.

Top Gainers

StockCurrent PriceLast Close% Change
Emami₹611.85₹523.8516.8%
RHI Magnesita India₹736.35₹665.8510.59%
Linde India₹9144.85₹8415.458.67%
KNR Constructions₹302.6₹279.958.09%
Paytm₹377.4₹359.454.99%

RHI Magnesita India jumped by 10.59% to ₹736.35, a gain from ₹665.85. Other notable gainers included Linde India, KNR Constructions and Paytm rising by 8.67%, 8.09% and 4.99% respectively.

On the downside, IRB Infrastructure Developers dropped sharply by 10.32%, closing at ₹65.20, down from ₹72.70.

KFintech also saw a significant decrease of 8.82%, with its stock price falling to ₹678.30 from ₹743.90. The stock fell after a block deal involving a 6% stake in the company was executed at the exchanges in the session. CNBC-TV18 reported that General Atlantic Singapore is likely the seller.

GMR Airports Infrastructure despite narrowing its quarterly losses, still ended the day lower by 6.84%.

Top Losers

StockCurrent PriceLast Close% Change
IRB Infrastructure Developers₹65.2₹72.7-10.32%
KFin Technologies₹678.3₹743.9-8.82%
GMR Airports Infrastructure₹81.05₹87.0-6.84%
Hindustan Zinc₹666.5₹711.8-6.36%
Cummins India₹3596.8₹3834.65-6.2%

Hindustan Zinc and Cummins India also ended in the red, losing 6.36% and 6.20% respectively.

Read Next: Insurance Firms’ Shares Clock Heavy Losses Amid Reports Of Regulatory Hit To Margins


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