LIC-Backed Midcap Stock Rallies 13% To Lead Nifty 500 Gainers

On Wednesday Nifty 500 rose 0.76% to 22,851.20. 338 stocks advanced while 160 declined and 2 remained unchanged.

Castrol India emerged as the top performer, witnessing a significant surge of 13.54%, closing at ₹243.17, up from ₹214.18.

LIC owns an around 11% stake in Castrol India.

Top Gainers

StockCurrent PriceLast Close% Change
Castrol India₹243.17₹214.1813.54%
Gujarat Pipavav Port₹230.5₹212.928.26%
Mazagon Dock₹4684.55₹4329.558.20%
MMTC₹85.66₹79.268.07%
Cochin Shipyard₹2436.35₹2260.657.77%

Other notable gainers included Gujarat Pipavav Port and Mazagon Dock, which increased by 8.26% and 8.20%, respectively. These stocks were closely followed by MMTC and Cochin Shipyard, showcasing robust gains in their market values.

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Conversely, Cholamandalam Financial Holdings led the pack of decliners, falling by 6.03% to close at ₹1467.15, down from ₹1561.30.

Table 2: Bottom Five Performers

StockCurrent PriceLast Close% Change
Cholamandalam Financial Holdings₹1467.15₹1561.30-6.03%
JK Paper₹600.85₹633.75-5.19%
Sumitomo Chemical₹493.55₹512.60-3.72%
Central Depository Services₹2319.65₹2391.10-2.99%
Route Mobile₹1771.60₹1816.70-2.48%

JK Paper and Sumitomo Chemical also experienced notable declines, with reductions of 5.19% and 3.72%, respectively. Central Depository Services Ltd and Route Mobile fell 2.99% and 2.48% respectively to close out the top losers.

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