Top gainers and losers: Stocks that moved the most on April 24

Top gainers and losers today: Stocks that moved the most on April 24

Equity benchmarks halted their seven-day rally on April 24, weighed down by monthly F&O expiry pressures and weakness in FMCG stocks.

The Sensex slipped 314.50 points, or 0.39%, to close at 79,801.99, while the Nifty declined 84.25 points, or 0.35%, to settle at 24,244.70. The FMCG index was the top laggard, declining more than a percent led by disappointing earnings from heavyweights like Hindustan Unilever, Nestle India, and Tata Consumer Products. The Pharma index outperformed, rallying over a percent.

Top Gainers

Persistent Systems

Persistent Systems rose 3 percent on April 24 after delivering a strong set of numbers for the March quarter (Q4FY25). The company reported a consolidated net profit of Rs 395.76 crore, a sharp 25.5 percent increase from Rs 315.32 crore in the same period last year.

Thyrocare Tech

Thyrocare Technologies led the gains on Thursday, with its shares surging 20 percent after the diagnostics company reported a strong financial performance for the March quarter (Q4FY25). Despite the spike, the stock has been down 4.5 percent so far in 2025, underperforming the broader Nifty 50.

Divi's labs

Divi’s Laboratories also saw strong buying interest, rising over 5 percent after global brokerage Citi reaffirmed its ‘Buy’ rating on the stock, citing up to 19 percent upside from current levels. This marks a nearly 11 percent gain over the past four sessions.

Axis Bank

Axis Bank has continued its recent rally, with the stock up more than 7 percent over the past five days and nearly 10 percent over the last month. Year-to-date, it has surged close to 13 percent. The momentum comes ahead of the bank’s Q4FY25 earnings and expected dividend announcement, even as analysts brace for a muted quarter due to sluggish loan growth and softer margins.

Top Losers

Syngene International

Syngene International was among the top losers, with shares tumbling 10 percent after the company reported a 3 percent year-on-year decline in net profit for Q4FY25 to Rs 183 crore. Though revenue rose during the quarter, investors were unimpressed by the decline in profitability and the dip in full-year net earnings, which dropped to Rs 496 crore from Rs 510 crore in FY24.

Hindustan Unilever

Hindustan Unilever (HUL) dropped over 4 percent on Thursday despite management commentary about ramping up investments in the coming quarters. While the company remains optimistic about a potential consumption revival aided by tax rebates and easing inflation, investors appeared cautious, possibly due to near-term concerns around volume growth and margin pressures.

Swiggy

Swiggy shares fell over 2 percent and is expected to be volatile in the near term on account of market speculation around possible exits by some pre-IPO shareholders whose lock-in is set to expire, noted domestic brokerage JM Financial.

Bajaj Finance

Bajaj Finance shares closed at a minor decline after the lender said its board will convene on April 29, to deliberate on several key financial proposals, including an interim dividend, a stock split, and a bonus share issue, apart from March quarter results.

Samhi Hotels

Samhi Hotels shares surged nearly 11 percent on April 24 after the company announced that it has entered into a strategic partnership with global institutional investor GIC. As part of the partnership, GIC will acquire 35 percent stake in Samhi's subsidiaries that own luxury hotels Courtyard & Fairfield by Marriott in Bengaluru ORR, Hyatt Regency in Pune and recently acquired Trinity Hotel in Bengaluru Whitefield.