Top gainers and losers on April 28: Reliance Industries surges 5.07%, Sun Pharma, JSW Steel, BEL rise over 2.5%; check full list

The Indian equity benchmarks rebounded strongly after two days of losses led by gains in the country's most valuable company, Reliance Industries, after it reported strong set of earnings post market hours on Friday. The SENSEX rose as much as 1,109 points and NIFTY50 index touched an intraday high of 24,355. The SENSEX ended 1005.84 points or 1.27% higher at 80,218.37 and NIFTY50 index climbed 289.15 points or 1.2% to close at 24,328.50.

NIFTY50 top gainers and losers

Reliance Industries was top gainer in the NIFTY50 index, the stock rose 5.07% to close at ₹1,366.30 after it reported strong set of earnings in quarter ended March 2025.

Billionaire Mukesh Ambani-backed Reliance Industries on Friday, April 25, reported a net profit of ₹19,407 crore for the January-March quarter (Q4FY25), marking an increase of 2.41% from ₹18,951 crore logged in the same period last year.

Its revenue from operations advanced 10% to ₹2,64,573 crore at the end of the March quarter, as against ₹2,40,715 crore reported in the year-ago period.

Operationally, Reliance Industries' operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), rose 3.1% to ₹43,832 crore from ₹ 42,516 crore in the corresponding period last year. Its operating profit margin, also known as EBITDA margin, shrank by 110 basis points (bps) to 16.57% from 17.66%.

Sun Pharma (3.07%), JSW Steel (2.91%), Bharat Electronics (2.59%) and Dr Reddy's Labs (2.35%) were also among top gainers in the NIFTY50 index.

On the flipside, Shriram Finance was top loser in the NIFTY50 index, the stock fell 5.13% to close at ₹621.60 after it posted a 6% year-on-year (YoY) jump in its consolidated net profit for the March quarter of the financial year 2024-25 (Q4 FY25) to ₹2,143.77 crore as against ₹2,021.28 crore reported in the year-ago quarter.

The company’s net interest income (NII) climbed 9.4% YoY to ₹5,565.5 crore in the January-March quarter of FY25 as compared to ₹5,089 crore in the same quarter of last year.

Eternal (-0.92%), UltraTech Cement (-0.89%), HCL Technologies (-0.65%) and Hindustan Unilever (-0.63%) were also among the losers.

NIFTY Midcap 100 gainers and losers

NIFTY Midcap 100 index advanced 1.62% or 870 points to close at 54,440. As many as 85 shares in the NIFTY Midcap 100 index ended higher while 15 closed lower.

Cochin Shipyard was top gainer in the NIFTY Midcap 100 index, the stock rose 6.10% to close at ₹1,501.80 mirroring gains in other defence shares amid rising geo-political tensions between India and Pakistan in the aftermath of Pahalgam terror attack on April 22 that killed 26 innocent tourists.

Market investors are also eyeing two developments related to the sector.

Among them, Defence Minister Rajnath Singh met Prime Minister Narendra Modi to discuss the security preparedness of the country following the attack in Pahalgam. This comes a day after the defence minister met the Chief of General Staff (CDS), General Anil Chauhan, to discuss the key decisions taken up by the military to counter Pakistan.

After the Pahalgam attack, tensions remain at the Line of Control (LoC) between India and Pakistan. Army officials on Monday said that Pakistani troops resorted to unprovoked firing in Jammu and Kashmir's Poonch and Kupwara districts, continuing with their ceasefire violations along the LoC. This was the fourth consecutive night that Pakistan resorted to small-arms fire along the LoC.

Bharat Dynamics (5.42%), Mazagon Dock (4.77%), Prestige Estates (4.45%) and Supreme Industries (4.03%) were also among the gainers.

On the flipside, L&T Finance was top loser in the NIFTY Midcap 100 index, the stock fell 2.88% to close at ₹168. Motilal Oswal (-2.29%), Patanjali Foods (-1.96%), Mphasis (-1.50%) and M&M Financial Services (-1.13%) were also among the losers.

NIFTY Smallcap 100 gainers and losers

NIFTY Smallcap 100 index advanced 0.78% or 130 points to close at 16,676.90. As many as 70 shares in the NIFTY Smallcap 100 index ended higher while 30 closed lower.

Garden Reach Shipbuilders and Engineers was top gainer in the NIFTY Smallcap 100 index, the stock rose 8.11% to close at ₹1,747.90. Sonata Software (7.13%), Kaynes Technology (6.53%), Data Patterns (6.39%) and Go Digit (4.30%) were also among the gainers.

On the flipside, Tejas Networks was top loser in the NIFTY Smallcap 100 index, the stock fell 12.92% to close at ₹748 after the company released its financial results for the fourth quarter of the fiscal year 2025.

Tejas Networks reported a consolidated net loss of ₹71.8 crore in the latest March quarter. In the year-ago quarter, the company had posted a net profit of ₹146.78 crore.

Revenue from operations increased 42.4% to ₹1,906.98 crore in Q4 FY25, compared to ₹1,339.17 crore in the corresponding period of the last fiscal year.

RK Forgings (-4.67%), Five Star Business Finance (-3.85%), Dr Lal Path Labs (-2.94%) and Newgen Software Technologies (-2.87%) were also among the laggards.