LIC-Backed Midcap Stock Rockets 19% To Lead Nifty 500 Gainers

On Tuesday, Nifty 500 closed 0.37% higher at 22,370.65. 208 companies advanced while 290 declined and 2 remained unchanged.

Amara Raja Energy and Mobility led the day’s gainers with an impressive 19.29% surge in its stock price, closing at ₹1646.20, up substantially from ₹1380.05. The stock gained after signing a technical licensing agreement with China’s Gotion. LIC owns around 6.75% stake in the company.

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Top Gainers

StockCurrent PriceLast Close% Change
Amara Raja ₹1646.2₹1380.0519.29%
Welspun Corp₹541.75₹512.355.74%

Craftsman Automation also made headlines with a 13.10% jump to ₹5463.80. Garden Reach Shipbuilders, Raymond, and Welspun Corp rounded out the top gainers, with their stocks climbing 11.01%, 6.46%, and 5.74% respectively, highlighting strong performances across diverse sectors.

Conversely, the session wasn’t favourable for all, with Happiest Minds Technologies seeing the most substantial drop of 9.46%, closing at ₹830.55 from a previous ₹917.35.

Top Losers

StockCurrent PriceLast Close% Change
Happiest Minds₹830.55₹917.35-9.46%
Macrotech Developers₹1480.3₹1548.95-4.43%
United Breweries₹1996.0₹2082.3-4.14%
Oberoi Realty₹1829.3₹1906.9-4.07%

Macrotech Developers, United Breweries, Oberoi Realty, and Railtel also faced downturns of between 4.43% and 4.04%.

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Posted In: EquitiesNewsMarketsMoversAmara Raja BatteriesNifty 500