Route Mobile Surges 14% To Top Nifty 500

On Thursday, Nifty 500 rose 0.45% to 22,537.40. 210 companies advanced while 288 declined and 2 remained unchanged.

Route Mobile was the top gainer with an impressive 14.26% surge in its stock price, closing at ₹1879.55, up from ₹1645.00. The stock gained after its parent company entered into a strategic alliance with Microsoft for 5 years.

Top Gainers

StockCurrent PriceLast Close% Change
Route Mobile₹1879.55₹1645.014.26%
India Cements₹293.23₹262.6211.66%
Mazagon Dock₹4416.35₹4081.08.22%
Suven Pharma₹787.35₹729.257.97%

India Cements and Mazagon Dock followed with notable gains of 11.66% and 8.22%, respectively. India Cements gained after UltraTech Cement announced its intention to buy a stake in the company. Whirlpool and Suven Pharma also made significant strides, with each stock rising by over 7%.

See Also: Nifty Breaches 24,000 For The 1st Time, Ultratech Cement Top Gainer

Conversely, Deepak Fertilizers experienced the largest drop, with its stock price falling by 6.02% to ₹659.05 from ₹701.30.

Top Losers

StockCurrent PriceLast Close% Change
Deepak Fertilizers₹659.05₹701.3-6.02%
Archean Chemical Industries₹657.6₹691.65-4.92%
Equitas Bank₹98.28₹103.34-4.90%
Sunteck Realty₹555.3₹582.35-4.64%

Other stocks such as Archean Chemical Industries, Equitas Bank, FACT, and Sunteck Realty also saw declines of around 4% in the session.

Read Next: Quant MF’s Sandeep Tandon Says Investors May Have ‘Over-Reacted’ Due To Narratives Driven By ‘Agendas’

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Posted In: EquitiesNewsMarketsMoversTrading IdeasGainers And LosersNifty 500Route Mobile