Vijay Kedia-Backed Midcap Stock Surges 13% To Lead Nifty 500 Gainers

On Wednesday, Nifty 500 gained 0.50% to close at 21,960.95. Elecon Engineering was the biggest gainer while Brigade Enterprises was the top loser.

Elecon Engineering stole the show with a significant 13.7% increase in its stock price, closing at ₹1338.4, up from the last close of ₹1177.55. Ace investor Vijay Kedia owns around 1.34% stake in the company.

Top Gainers

StockCurrent PriceLast Close% Change
Elecon Engineering ₹1338.4₹1,177.5513.7%
Sunteck Realty₹579.2₹528.409.6%
Max Healthcare₹870.5₹802.508.54%
Aptus Value Housing Finance₹340.1₹319.906.3%

Sunteck Realty followed closely with a 9.6% increase, its stock price rising to ₹579.2 from a previous close of ₹528.40.

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Max Healthcare also showcased a strong performance, marking an 8.54% increase to close at ₹870.5. Meanwhile, Trident and Aptus Value Housing Finance rounded out the gainers with 8.11% and 6.3% gains.

Top Losers

StockCurrent PriceLast Close% Change
Brigade Enterprises₹1343.6₹1,399.40-4.10%
Sterling and Wilson Renewable Energy₹766.2₹795.65-3.85%
APL Apollo Tubes₹1580.9₹1,632.75-3.13%
Pidiliite Industries₹3,079.50₹3,175.40-3.02%

On the other end of the spectrum, Brigade Enterprises faced the most significant drop, with a 4.10% decline in its stock price to ₹1343.6, down from ₹1399.40.

Other stocks that faced minor setbacks included Sterling and Wilson Renewable Energy, with a 3.85% decrease to ₹766.2, and APL Apollo Tubes, which experienced a minor dip of 3.13% to close at ₹1580.9.

Despite the challenges, Pidilite Industries and Marico fell 3.02% and 2.72%, respectively.

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Posted In: EquitiesNewsMarketsMoversGainers And LosersNifty 500