Nifty 500 Gainers: PSU Bank Stock Surges 17%

  • Benzinga India
  • Stock Market News
Nifty 500 Gainers: PSU Bank Stock Surges 17%
Credit: © Reuters.

Benzinga - EIH (NS: EIHO ) Associated Hotels led the surge as the top gainer, while NLC India encountered the most significant downturn among the stocks.

EIH Associated Hotels Ltd. stood out with an impressive 19.57% increase, closing at ₹425.00.

Stock Current Price Last Close % Change
EIH Associated Hotels Ltd. ₹425.0 ₹355.45 19.57%
Trent (NS: TREN ) Ltd. ₹3607.5 ₹3035.0 18.86%
Indian Overseas Bank (NS: IOBK ) ₹79.65 ₹67.55 17.91%
Yes Bank Ltd. (NS: YESB ) ₹29.8 ₹25.4 17.32%
UCO Bank (NS: UCBK ) ₹68.4 ₹58.8 16.33%

Trent and Indian Overseas Bank also displayed remarkable growth, with their stock prices increasing by 18.86% and 17.91%. Yes Bank and UCO Bank rounded out the top five gainers with increases of 17.32% and 16.33%, respectively.

Conversely, NLC India Ltd. experienced a notable decline of 9.60%, closing at ₹256.15.

Stock Current Price Last Close % Change
NLC India Ltd. ₹256.15 ₹283.35 -9.6%
Syrma SGS Technology Ltd. ₹524.35 ₹570.45 -8.08%
Redington (India) (NS: REDI ) Ltd. ₹193.6 ₹208.1 -6.97%
AIA Engineering (NS: AIAE ) Ltd. ₹4129.35 ₹4423.05 -6.64%
Endurance Technologies Ltd. ₹1983.25 ₹2115.3 -6.24%

Syrma SGS Technology and Redington also faced setbacks, with their stock prices decreasing by 8.08% and 6.97%. AIA Engineering and Endurance Technologies completed the list of top losers with declines of 6.64% and 6.24%.

The Indian benchmark indices experienced a flat close on February 7 amid high volatility, just ahead of the RBI policy outcome. The Sensex ended marginally lower by 0.05%, while the Nifty edged up by 0.01%. Sectoral performance varied, with gains seen in PSU Bank, metal, power, pharma, and realty sectors, while the Information Technology index saw a decline of 1%. Both the BSE Midcap and Smallcap indices ended on a positive note, rising by 1.3% and 0.4%, respectively.

Read Next: Tata Stock Hits All-Time High As Profits Skyrocket 142% In Q3

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