Mark Mobius-Backed Stock Rockets 20% To Top Nifty 500 Gainers, Fertiliser Stocks Shine

On Thursday, Nifty 500 was up 0.36% to 22,305.10.

Fertiliser stocks gained in the session after the central government hiked MSP for Kharif crops.

FACT, RCF surged 20% and hit the upper circuit for trade in the session at ₹1090.35 and ₹222.26 respectively. Mark Mobius-backed MapMyIndia also soared 20% and hit the upper circuit at ₹2409.65 after brokerage firm Goldman Sachs initiated coverage on the stocks with an upside of 40%.

Deepak Fertilizers led the surge with a notable 12.80% increase in its share price, closing at ₹728.15, up from ₹645.5. Chambal Fertilisers followed with a substantial 19.29% jump to ₹557.85.

See Also: Indian Rupee Hits All-Time Low As Local Oil Demand Pressures Currency

Top Gainers

StockCurrent PriceLast Close% Change
Chambal Fertilisers₹557.85₹467.6519.29%
Deepak Fertilizers₹728.15₹645.512.8%

However, not all stocks fared well. PNB Housing Finance was the biggest laggard, with its shares falling by 5.74% to ₹791.80.

Top Losers

StockCurrent PriceLast Close% Change
PNB Housing Finance₹791.8₹840.0-5.74%
Sanofi India₹6921.6₹7190.75-3.74%
Alok Industries₹28.44₹29.52-3.66%
ABB Power Products India₹10973.25₹11375.75-3.54%

Other stocks like Sanofi India, Alok Industries, PFC, and ABB Power Products India also experienced declines. The shares fell 3.74%, 3.66%, 3.59% and 3.54% respectively.

Read Next: Fertiliser Stocks Surge Upto 20% As Government Hikes MSP For Kharif Crops

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Posted In: EquitiesNewsMarketsMoversFACTGainers And LosersMapMyIndiaNifty 500