Top gainers and losers on April 23: Trent, Shriram Finance, Tech Mahindra shares fall over 3%; check full list

The Indian equity benchmarks fell for a second straight session on Thursday, April 23, as investors turned cautious on the back of surging crude oil prices and a weak rupee against the US dollar. The SENSEX fell as much as 942 points and NIFTY50 index touched an intraday low of 24,135 dragged down by losses in HDFC Bank, ICICI Bank, Reliance Industries, Infosys, Mahindra & Mahindra and Kotak Mahindra Bank.

The SENSEX dropped 852 points to close at 77,664 and NIFTY50 index dropped 205 points to close at 24,173.

NIFTY50 top gainers and losers

Trent was top loser in the NIFTY50 index, the stock fell 4.3% to close at ₹4,244 after it reported 32.57% YoY surge in its consolidated net profit to ₹413.1 crore in Q4 FY26, compared to ₹311.6 crore in the corresponding period last year, according to a regulatory filing dated April 22.

The company’s revenue from operations stood at ₹5,027.99 crore during the quarter under review, marking a 19.23% YoY jump from ₹4,216.94 crore in the March quarter of FY25.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation) climbed 44% YoY to ₹5,028 crore for the January-March quarter of FY26.

Shriram Finance (-3.31%), Tech Mahindra (-3.12%), Bajaj Finserv (-3.07%) and Infosys (-2.9%) were also among the top losers in the NIFTY50 index.

On the flip side, Dr Reddy's Labs was top gainer in the NIFTY50 index, the stock rose 8.87% to close at ₹1,325. Cipla (5.72%), Jio Financial Services (4.19%), Adani Enterprises (1.78%) and Coal India (1.52%) were also among the gainers in the NIFTY50 index.

NIFTY Midcap 100 top gainers and losers

NIFTY Midcap 100 index declined 0.4% or 249 points to settle at 59,953. As many as 67 shares ended lower while 33 closed higher.

Havells India was top loser in the NIFTY Midcap 100 index, the stock fell nearly 7% to close at ₹1,257 even though the company posted a 40% rise in its March quarter net profits, as investors focused on the falling EBIDTA margin and contracting segmental revenues in certain portions of the business.

Ashok Leyland (-4.67%), APL Apollo (-4.39%), LG Electronics (-3.93%) and Dixon (-3.89%) were also among the top losers in the NIFTY Midcap 100 index.

Onn the other hand, Oracle Financial Services Software was top gainer in the NIFTY Midcap 100 index, the stock ended 7.8% higher at ₹8,760 after the company said that its net profit in January-March quarter jumped 31% to ₹842 crore from ₹644 crore in the same period last year. For financial year 2025-26, OFSS' net profit advanced 11% to ₹2,639 crore compared with ₹2,380 crore in the previous financial year.

GE Vernova T&D (6.1%), Glenmark (4.82%), Hitachi Energy India (4.66%) and Tata Communications (3.61%) were also among the top gainers in the NIFTY Midcap 100 index.

NIFTY Smallcap 100 top gainers and losers

NIFTY Smallcap 100 index closed 0.67% or 120 points lower at 17,721. A total of 73 stocks closed lower while 27 ended higher.

IIFL was top loser in the NIFTY Smallcap 100 index, the stock dropped 10% to end at ₹419. Force Motors (-4.61%), Five Star Business Finance (-3.54%), Tenneco Clean Air India (-3.47%) and PG Electroplast (-3.29%) were also among the top laggards in the NIFTY Smallcap 100 index.

On the contrary, Data Patterns (7.5%), Piramal Pharma (6.6%), Welspun Corp (5.86%), JM Financial (3.94%) and Sai Life Sciences (3.69%) were top gainers in the NIFTY Midcap 100 index.