Top gainers and losers on May 2: Adani Ports surges 4.37%, JSW Steel falls 5.81%; check full list

As many as 32 shares in the NIFTY50 index ended lower while 18 ended higher. Adani Ports was top gainer in the NIFTY50 index, the stock rose 4.37% to close at ₹1,269.70 after it reported a net profit of ₹3,014 crore for the January-March quarter (Q4 FY25), marking an increase of 48% from ₹2,040 crore logged in the same period last year. The Indian equity benchmarks ended Friday's volatile session on a positive note led by gains in index heavyweights like Reliance Industries, ICICI Bank, Bajaj Finance, State Bank of India and ITC. During the session, SENSEX traded in a band of 1,009 points and NIFTY50 index touched an intraday high of 24,589.15 and low of 24,238.50. The SENSEX ended 260 points higher 80,501.99 and NIFTY50 index advanced 12 points to close at 24,346.70. NIFTY50 top gainers and losers As many as 32 shares in the NIFTY50 index ended lower while 18 ended higher. Adani Ports was top gainer in the NIFTY50 index, the stock rose 4.37% to close at ₹1,269.70 after it reported a net profit of ₹3,014 crore for the January-March quarter (Q4 FY25), marking an increase of 48% from ₹2,040 crore logged in the same period last year. Its revenue from operations rose 23% to ₹8,488 crore in the March quarter, as against ₹6,896.50 crore registered in the year-ago period. Adani Ports' operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose 21% to ₹4,966 crore as against ₹ 4,102 crore in the same period last year. Bajaj Finance (2.70%), IndusInd Bank (1.44%), State Bank of India (1.41%) and Hindalco (1.32%) were also among the gainers. On the flipside, JSW Steel was top loser in the NIFTY50 basket, the stock fell 5.81% to close at ₹970 after reports suggested that Supreme Court has rejected JSW Steel's ₹19,700 crore resolution plan for Bhushan Power and Steel Ltd (BPCL). According to a news report by CNBC-TV18, the apex court said that the resolution plan for Bhushan Power and Steel was illegal and should not have been accepted by the Committee of Creditors (CoC). A Bench of the Supreme Court ruled that the CoC's approval of JSW Steel's bid for BPSL was contrary to the provisions of the Insolvency and Bankruptcy Code (IBC) and cannot be sustained. Bajaj Auto declined 2.75% after its total sales in April declined 6% year-on-year (YoY) to 365,810 units in April. The company had reported sales of 388,256 units in April last year. Total domestic sales (two-wheelers plus commercial vehicles, or CVs) declined 11% year-on-year (YoY) to 220,615 units, as against 249,083 units sold in the year-ago period, Bajaj Auto said in a regulatory filing. Eicher Motors (-2.50%), HDFC Life (-2.31%) and Hero Moto Corp (-2.26%) were also among the laggards. NIFTY Midcap 100 gainers and losers NIFTY Midcap 100 index fell 0.78% or 420 points to close at 54,124.90. As many as 69 shares in the NIFTY Midcap 100 index ended lower while 31 closed higher. The Phoenix Mills was top loser in the NIFTY Midcap 100 index, the stock fell 7.84% to close at ₹1,534 after its net profit declined 2.48% in March quarter to ₹51.56 crore from ₹52.87 crore in the same period last year. Indus Towers declined 7.25% to close at ₹378.60 after its profit fell 4% to ₹1,779 crore in March quarter. Cochin Shipyard (-3.87%), Paytm (-3.67%) and Federal Bank (-3.55%) were also among the losers. On the other hand, Godrej Properties rose 3.66% to close at ₹2,240.70 after it reported 18.94% decline in its consolidated profit after tax (PAT) to ₹381.99 crore in the fourth quarter of the financial year 2024-25. The company had posted a net profit of ₹471.26 in the year-ago period. Revenue from operations stood at ₹2,121.73 crore in the March FY25 quarter, up 48.77% from ₹1,426.09 crore in the same period of the previous fiscal year. Sona BLW (2.88%), HPCL (2.13%), NALCO (2.06%) and Vishal Mega Mart (1.96%) were also among the gainers. NIFTY Smallcap 100 gainers and losers NIFTY Smallcap 100 index ended 0.04% lower at 16,441.80. As many as 53 shares in the index closed lower while ended higher. RailTel Corporation was top gainer in the NIFTY Smallcap 100 index, the stock rose 7.58% after its net profit jumped 46% to ₹113 crore in March quarter from ₹77.53 crore in the year-ago period. Its revenue from operations rose 57% in fourth quarter of financial year 2024-25 to ₹1,308 crore as against ₹833 crore in the same period last year. Credit Access Grameen (6.10%), Atul (4.36%), PNB Housing Finance (4.29%) and Godfrey Philips (3.31%) were also among the gainers. On the flipside, Data Patterns was top loser in NIFTY Smallcap 100 index, the stock fell 6.74% to settle at ₹2,318.90. KFin Technologies (-6.46%), Crompton Greaves Consumer Electricals (-4.54%), Brigade Enterprises (-4.04%) and Brainbees Solutions (-2.86%) were also among the laggards.