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Business / Tue, 18 Jun 2024 Benzinga India

Defence Stock Rallies 13% To Lead Nifty 500 Gainers

On Tuesday, Nifty 500 rose 0.52% to 22,329.60. Garden Reach Shipbuilders & Engineers (GRSE) soared to new heights and Chemplasts Sanmar experienced a notable drop. GRSE emerged as the top performer, with its stock price surging by 13.35% to close at ₹1,847.55, up from ₹1,630.00. Other notable gainers included MMTC, Cochin Shipyard, and Metro Brands, which posted gains of 9.94%, 9.35%, and 8.92%, respectively. Conversely, Chemplast Sanmar faced the most significant decline, with its stock falling by 4.62% to ₹592.80, down from ₹621.50.

On Tuesday, Nifty 500 rose 0.52% to 22,329.60. 301 companies advanced while 197 companies declined and 2 remain unchanged. Garden Reach Shipbuilders & Engineers (GRSE) soared to new heights and Chemplasts Sanmar experienced a notable drop.

GRSE emerged as the top performer, with its stock price surging by 13.35% to close at ₹1,847.55, up from ₹1,630.00. This remarkable increase highlights the stock’s strong market presence and potential growth prospects.

See Also: Vedanta’s Anil Agarwal Was Paid ₹15 Lakh In FY24, Here’s How Much Brother Navin Agarwal Made

Top Gainers

Stock Current Price Last Close % Change GRSE ₹1847.55 ₹1630.0 13.35% FACT ₹866.8 ₹779.9 11.14% MMTC ₹83.83 ₹76.25 9.94% Cochin Shipyard ₹2320.8 ₹2122.35 9.35% Metro Brands ₹1252.75 ₹1150.2 8.92%

Following GRSE, FACT (Fertilizers and Chemicals Travancore) also saw a significant rise, with an 11.14% increase to ₹866.80. Other notable gainers included MMTC, Cochin Shipyard, and Metro Brands, which posted gains of 9.94%, 9.35%, and 8.92%, respectively.

Conversely, Chemplast Sanmar faced the most significant decline, with its stock falling by 4.62% to ₹592.80, down from ₹621.50. This drop marked it as the biggest loser of the day.

Top Losers

Stock Current Price Last Close % Change Chemplast Sanmar ₹592.8 ₹621.5 -4.62% Kalpataru Projects ₹1165.0 ₹1220.2 -4.52% Gujarat Ambuja Exports ₹141.81 ₹148.35 -4.41% KNR Constructions ₹372.05 ₹388.7 -4.28% Sumitomo Chemical ₹478.7 497.55 -3.78%

Other stocks that struggled include Kalpataru Projects, Gujarat Ambuja Exports, KNR Constructions, and Sumitomo Chemical experiencing declines of 4.52%, 4.41%, 4.28%, and 3.78%, respectively.

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