Nifty 500 Sees 19 Stocks Reach New Highs Amid Market Weakness
Marico, Nestle, Laurus, Grasim and 15 others from Nifty 500 hit new highs
Business Standard
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Nineteen stocks from the Nifty 500 index, including Marico Industries, Nestle India, and Laurus Labs, hit record highs during Monday's trading on the National Stock Exchange (NSE). Despite a general market decline, Vijaya Diagnostic Centre surged 8% to ₹1,375, driven by strong financial performance and growth expectations.
- 01Nineteen stocks from the Nifty 500 index reached new highs amidst a declining market.
- 02Vijaya Diagnostic Centre's shares surged 8% to ₹1,375, marking an impressive 25% increase over eight days.
- 03Tata Consumer Products saw a 7% rise to ₹1,262, attributed to strong revenue and operating performance.
- 04Laurus Labs' stock hit ₹1,274.50, gaining 4% due to sustained operating success.
- 05Analysts remain optimistic about the growth potential of these companies in the coming years.
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On Monday, 19 stocks from the Nifty 500 index, including major players such as Marico Industries, Nestle India, and Laurus Labs, achieved record highs despite an overall market decline. The Nifty 500 was down 0.83%, while the Nifty 50 fell 0.85%. Notably, Vijaya Diagnostic Centre experienced an 8% surge, reaching ₹1,375, and has gained 25% over the past eight trading days following a strong financial report for the March 2026 quarter, with revenue, EBITDA, and PAT growth exceeding estimates. Similarly, Tata Consumer Products rose 7% to ₹1,262, driven by solid revenue performance and expectations of continued growth in its tea and organic product segments. Laurus Labs also hit a new high of ₹1,274.50, reflecting strong operational performance and growth in its Contract Development and Manufacturing Organization (CDMO) revenue. Analysts are optimistic about the sustained growth of these companies, particularly in the diagnostics and FMCG sectors, indicating a positive outlook for the upcoming years.
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The rise in stock prices of these companies could lead to increased investor confidence and potential investment in the FMCG and diagnostics sectors, benefiting consumers through improved services and products.
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