Top Ten Nifty Mid-Cap Gainers and Losers for April; do you have any?

In March, Indian markets experienced tremendous volatility with fluctuating investor sentiment. For the first three weeks of the month, benchmark indices Nifty 50 and S&P BSE Sensex posted losses, extending their three-month losing streak. However, the market recovered with gains of 2.45% and 2.55% for each index in the last week of March.

Amid this bull run, 10 Nifty mid-cap stocks gave handsome returns to investors. These stocks have given returns between 10-28% during April.

Nifty 100 Midcap Index – 10 Gainers of April

Godrej Properties Limited It led the Nifty 100 Midcap index with a rally of 27.6%. In April, wept from the stock from 1,031.05 1,315.25. According to a statement by Godrej Properties, the company recorded its highest ever sales bookings for both the full financial year 2022-2023 and the fourth quarter. The company recorded the sales booking of 4,051 crore in the fourth quarter. Its sales are booked for 2021-22 7,861 crores.

Prestige Estate Projects Limited came second on the list with a gain of 21.7% for April. stock recovered from from 403.20 490.70. According to the company’s exchange filing, the group registered record highest sales during the financial year FY23 12,930.9 crore (25% YoY growth) and highest ever collection 9,805.5 crore (up 31% YoY).

Railway stock was third in the list, Indian Railway Finance Corporation Limited (IRFC) Which increased by 19.4% in April. On the back of order book and strong order book, most of the railway stocks gave exceptional returns during the month of April. Rally from IRFC from 26.60 31.75.

Similarly, Aurobindo Pharma Ltd. It had climbed about 19 percent in April. the stock rebounded from from 518.10 617.

Adani Power Limited It came in fifth on the list with a gain of 17.4% for April. stock recovered from from 191.60 224.85. The company entered into a long-term power supply agreement (PSA) with MPSEZ Utilities Ltd during the month for a 15-year supply of 360 MW capacity from its 4,620 MW power plant at Mundra, Gujarat.

Bandhan Bank Limited increased by 17.1% in April. Shares have risen since from 195.75 229.30. According to the private lender, the bank’s total deposits in the fourth quarter of the last financial year stood at 1,08,069 crore, a growth of 12.2% over the same period last year.

Total loans and advances, according to an exchange filing 1,09,112 crore during the quarter ended March 31. This is an increase of 9.8% over the same period last year.

auto accessories stock, Sona BLW Precision Forging Limited increased by 16% in April. stock recovered from from 413.5 With an investment of 480. 231 crore, the auto parts maker opened its second largest manufacturing facility at Chakan, Pune during the month.

During the month, state-owned banks, Union Bank Of India Limited increased by 14% in April. stock rose from from 66.55 75.85.

According to the filing given to the exchange, the board of the bank had recently approved an increase of up to Rs 500 in the last week of April. 10,100 crore using a combination of equity and debt.

Trident Limited And Tata Teleservices (Maharashtra) Limited Received 11.3% and 10.5% respectively. Trident share prices rose from from 27.95 31.10 in April, while the share price of Tata Teleservices (Maharashtra) jumped from 55.45 61.25 during the month.

Nifty 100 Midcap Index – 10 Laggards of April

On the other hand, ten companies saw losses between 2% and 13% in a single month. Crompton Greaves Consumer Limited Ranking among the worst performers with a 13% loss in value. the company’s share price fell since 293 254.9.

Following the announcement of a change in management by Crompton Greaves at the beginning of the month, the company’s share prices declined. Promit Ghosh, former deputy head of Temasek India, has been named as managing director and CEO and Shantanu Khosla has been promoted as executive vice-chairman, according to the company’s exchange filing.

The company’s CEO and executive director, Matthew Job, resigned to pursue other business interests.

Ipca Laboratories Ltd Lost 12.4% of its value in April. The share price of the company has declined from 710.15 810.35. Shares of the company declined during the month, following the company’s decision to pay up to Rs 10.34 billion for a 33.38% stake in Unichem Laboratories.

Zee Entertainment Enterprises Limited fell 7.3% in April, and its shares fell from 212.25 196.75. Sentiment on the stock turned negative after US investment firm Invesco sold shares of the company through its subsidiary OFI Global China Fund LLC. According to bulk trade data provided by BSE, OFI Global China Fund sold over 4.91 crore shares or 5.11% of the company.

PB Fintech Limitedfell 6% in April, where its share prices fell from 600.1 638.9. During this, Cummins India Limited slipped 3.3% during the month, and its share price remained at from 1,575.65 1,629.6 in March.

In April, the market price of the stock of Voltas Limited, NMDC Limited, Ramco Cements Limited, Honeywell Automation India LimitedAnd Tata Chemicals Limited There has been a decrease of 2% to 3%.

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