Top gainers and losers on May 22: ONGC, Mahindra & Mahindra, Hindalco fall over 2%, check full list

The Indian equity benchmarks edged sharply lower on Thursday, May 22, on the back of weak global cues after spike in US bond yields led to flight of money from riskier assets like equities to safety of bonds, analysts said.

The SENSEX fell as much as 1,107 points and NIFTY50 index touched an intraday low of 24,462.40 dragged down by index heavyweights like Reliance Industries, ITC, Infosys, Mahindra & Mahindra, Larsen & Toubro and Tata Consultancy Services. The SENSEX ended 645 points lower at 80,951.99 and NIFTY50 index dropped 204 points to close at 24,609.70.

NIFTY50 top gainers and losers

ONGC was top loser in the NIFTY50 index, the stock fell 2.65% to close at ₹242 after the state-owned firm reported a 35% drop in its March quarter net profit as it realised lower oil prices on almost static output.

Net profit stood at ₹6,448 crore in January-March—the fourth quarter of FY25 (April 2024 to March 2025)—compared to ₹9,869 crore in the same period last year, according to a company statement.

The firm got $73.72 per barrel of crude oil that it produced and sold to refiners for processing into petrol and diesel in the fourth quarter, down from $80.81 per barrel a year back.

Mahindra & Mahindra (-2.42%), Hindalco (-2.03%), Wipro (-1.94%) and Trent (-1.79%) were also among the losers.

On the flipside, IndusInd Bank was top gainer in the NIFTY50 basket of shares, the stock rose 1.76% to close at ₹783 despite reporting highest loss of ₹2,329 crore in January-March quarter.

JSW Steel (0.71%), Bajaj Auto (0.65%), Bharti Airtel (0.47%) and Hero MotoCorp (0.19%) were also among the gainers.

NIFTY Midcap 100 gainers and losers

NIFTY Midcap 100 index fell 0.52% or 295 points to close at 56,324.85. As many as 55 shares in the NIFTY Midcap 100 index ended lower.

Aditya Birla Fashion and Retail was top loser in the NIFTY Midcap 100 index; the stock fell 7.35% to close at ₹90.80. The sharp decline in share price came on the back of the vertical demerger of ABFRL’s Madura Fashion and Lifestyle business into a newly incorporated company, Aditya Birla Lifestyle Brands Ltd (ABLBL).

Thursday, May 22, was fixed as the record date for the demerger. This means shareholders whose name appears on the register of members as on today, will receive one fully paid-up equity share of ABLBL each for every one fully paid-up equity share of ABFRL they own, with a face value of ₹10 each.

Colgate-Palmolive declined 6.50% to settle at ₹2,486 after the company on Wednesday reported a 6% decline in net profit to ₹355 crore for the fourth quarter ended March 31, 2025, impacted by lower sales.

Colgate had posted a net profit of ₹379.82 crore in the corresponding quarter of the previous fiscal.

Total income in the fourth quarter stood at ₹1,481.57 crore as against ₹1,512.66 crore logged in the year-ago period, it added.

BSE declined 3.97% to close at ₹7,015 after news reports suggested that its counterpart NSE wants weekly expiry on Tuesdays and that it has written about the same to SEBI.

Mankind Pharma (-3.79%) and Dixon Technologies (-2.83%) were also among the losers.

On the other hand, Solar Industries was top gainer in the NIFTY Midcap 100 index, the stock rose 6.12% to close at ₹15,060 after it posted better than expected earnings in March quarter.

NTPC Green advanced 5.55% after its profit jumped nearly three times in March quarter.

Astral (4.96%), Cochin Shipyard (3.83%) and Mazagon Dock Shipbuilders (2.88%) were also among the gainers.

NIFTY Smallcap 100 gainers and losers

NIFTY Smallcap 100 index fell 0.26% or 45 points to close at 17,503.10. As many as 61 shares in the index ended lower.

Redington India was top loser in the NIFTY Smallcap 100 index, the stock fell 5.13% to close at ₹275. PG Electroplast (-4.49%), Piramal Enterprises (-4.08%), Aegis Logistics (-2.64%) and Godfrey Philips (-2.31%) were also among the losers.

On the contrary, Garden Reach Shipbuilders and Engineers was top gainer in the NIFTY Smallcap 100 index. The stock rose 11% to close at ₹2,774 amid larger buying trend in defence shares.

Tata Teleservices rose 7.83% after a report by Business Standard suggested that its parent Tata Sons may be forced to infuse fresh capital into Tata Teleservices because it has to pay ₹19,256 crore in adjusted gross revenue (AGR) dues along with other dues to the central government by March 2026.

Business Standard report added that since the company has negative net worth of ₹17,876 crore and steep accumulated losses, the company is not in a position to repay its dues.

Atul (4.11%), Aster DM Healthcare (3.59%) and KEC International (2.25%) were also among the gainers.