Mark Mobius-Backed Stock Rockets 20% To Top Nifty 500 Gainers, Fertiliser Stocks Shine

On Thursday, Nifty 500 was up 0.36% to 22,305.10.

Fertiliser stocks gained in the session after the central government hiked MSP for Kharif crops.

FACT, RCF surged 20% and hit the upper circuit for trade in the session at ₹1090.35 and ₹222.26 respectively. Mark Mobius-backed MapMyIndia also soared 20% and hit the upper circuit at ₹2409.65 after brokerage firm Goldman Sachs initiated coverage on the stocks with an upside of 40%.

Deepak Fertilizers led the surge with a notable 12.80% increase in its share price, closing at ₹728.15, up from ₹645.5. Chambal Fertilisers followed with a substantial 19.29% jump to ₹557.85.

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Top Gainers

Stock Current Price Last Close % Change FACT ₹1090.35 ₹908.65 20.0% RCF ₹222.26 ₹185.22 20.0% MapmyIndia ₹2409.65 ₹2008.05 20.0% Chambal Fertilisers ₹557.85 ₹467.65 19.29% Deepak Fertilizers ₹728.15 ₹645.5 12.8%

However, not all stocks fared well. PNB Housing Finance was the biggest laggard, with its shares falling by 5.74% to ₹791.80.

Top Losers

Stock Current Price Last Close % Change PNB Housing Finance ₹791.8 ₹840.0 -5.74% Sanofi India ₹6921.6 ₹7190.75 -3.74% Alok Industries ₹28.44 ₹29.52 -3.66% PFC ₹481.35 ₹499.25 -3.59% ABB Power Products India ₹10973.25 ₹11375.75 -3.54%

Other stocks like Sanofi India, Alok Industries, PFC, and ABB Power Products India also experienced declines. The shares fell 3.74%, 3.66%, 3.59% and 3.54% respectively.

Read Next: Fertiliser Stocks Surge Upto 20% As Government Hikes MSP For Kharif Crops