Top gainers and losers today: Stocks that moved the most on April 23

Top gainers and losers today: Stocks that moved the most on April 23

In a volatile trading session on April 23, Indian equities extended their winning streak to a seventh consecutive day, supported by strong buying in information technology, auto, and pharma stocks. The upbeat global sentiment and strong quarterly earnings helped benchmark indices close at fresh highs.

The BSE Sensex jumped 520.90 points to end at 80,116.49, while the Nifty50 gained 161.70 points, settling at 24,328.95.

Nifty IT index surged 4%, clocking its best session in weeks, led by HCL Technologies, Tech Mahindra, Infosys, and Wipro. Auto stocks also rallied with Tata Motors and other OEMs gaining ground amid hopes of demand stability and easing input costs.

On the downside, PSU Bank and consumer durables indices fell 0.5–1%, with stocks like SBI, HDFC Bank, and Axis Bank among the top losers on the Nifty. Grasim Industries also declined in an otherwise upbeat market.

Vardhaman Steel

Vardhman Special Steel shares surged 20% in spite of posting weak quaterly results. This was driven by renewed investor confidence following the announcement of a ₹2,000 crore capex plan.The proposed greenfield project, aimed at long-term expansion, appears to have offset concerns around muted market demand.

LTI Mindtree

LTI Mindtree shares jumped 5% ahead of quarter four results. Choice Broking expects a 10.4% YoY revenue growth, driven by deal ramp-ups, furlough reversals, and momentum in the BFS vertical. The company is also expected to announce a final dividend for the previous fiscal year.

Infosys

Infosys share reallied by over 4% today. This comes amid easing tension related to tariffs globally owing to renogtiations. The movement powered the NiftyIT surge too, which spanned gains of over 4%

Havells

Havells’ shares sank by almost 3% in today’s trading session, even though the firm reported strong earnings for the quarter ended in March. Cautious commentary on lower urban demand for air-con products due to late summer onset, sparked a sell-off.

HCL Tech

HCL Tech saw a rally of 8% in heir shares after its resultsfor the quarter ended in march, came in line with expectations. The IT major reported an 8% year-on-year (YoY) increase in net profit, reaching Rs 4,307 crore for Q4FY25, up from Rs 3,986 crore in the same quarter last year.

Eicher Motors

Eicher Motors shares fell up to 3% amid market buzz surrounding a potential zero tariff on high-end Harley-Davidson bikes. The Indian government is considering eliminating import duties** on motorcycles with engine capacities of 705 cc and above. This move could intensify competition in the premium bike segment.

Gensol Engineering

Gensol Engineering Ltd shares fell another %5 intraday, continuing on its failing streak. The losses come after the market regulator Securities and Exchange Board of India (SEBI) passed an interim order against the firm and its promoters, over alleged fund diversion.

HDFC Bank

HDFC Bank’s shares sank by almost 2% today after yesterday’s green streak. Shares had soared earlier in the week, as the bank posted its quarterly earnings show for the quarter ended March FY2025, showcasing strong growth amid solid loan growth.

Power Finance Corp (PFC)

PFC shares are down by 3% intraday after the company filed a complaint with the Economic Offences Wing (EoW) against Gensol Engineering, accusing the firm of falsifying documents related to an EV leasing loan. Of the Rs 352 crore disbursed in 2023, Rs 307 crore remains unpaid.