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

Stock Current Price Last Close % Change Amara Raja ₹1646.2 ₹1380.05 19.29% Craftsman ₹5463.8 ₹4830.75 13.10% GRSE ₹1946.05 ₹1753.1 11.01% Raymond ₹2779.4 ₹2610.8 6.46% Welspun Corp ₹541.75 ₹512.35 5.74%

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

Stock Current Price Last 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% Railtel ₹474.95 ₹494.95 -4.04%

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

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