The major market indices were not spared from the impact, with Nifty 50 falling by 1.78% to reach 23,620 and Sensex falling by 1.83% to reach 76,139.90 in initial trading hours. This was after a major rise of 6% last week, indicating that this is partly because of profit booking and risk-averse global sentiment.

Despite this bearish market environment, there were selected stocks that had performed very well owing to fundamental factors related to the company while some had been witnessing sharp falls for different reasons.

Zydus Wellness Leads Gainers on Product Expansion

One such company which is a popular name in the world of consumer wellness because of its range of wellness products is Zydus Wellness Limited. Its stock became one of the best performing stocks in the Nifty 500 stock index due to a sharp gain of close to 18%. This was mainly driven by high trading volumes as the stock witnessed a sharp 12% gain on just April 13.

The high volumes of trading in the stock were around 1.52 crore, as compared to the average trading volume of 44.28 lakh over the last 30 days. The reason for this gain was the launch of a new product line by the company's popular skin-care range Everyuth Naturals. This was the Tan Removal Chocolate & Cherry Face Wash, a product meant to help the company tap into the $500 million Indian face wash market.

The target demographic was primarily the younger population as they make up almost half the country's skin care market.

NTPC Green Gains on Capacity Expansion and Renewable Push

Another company that has gained popularity in the wellness industry, owing to its wellness products is the Zydus Wellness Limited. The shares of the company saw themselves becoming among the top performers in the Nifty 500 stock index owing to an impressive rise in value of around 18%. This came due to increased trading activities as the stock saw itself gaining 12% only on April 13.

This is because the trading volume of the stock was around 1.52 crore, which is much higher than its average trading volume of 44.28 lakh in the past 30 days. This is because of the release of a new product by the company’s famous skin care range Everyuth Naturals. The new product was Tan Removal Chocolate & Cherry Face Wash and was intended for making the company part of the $500 million Indian face wash market.

The target audience was youth as they form almost 50%of the Indian skin care market.

Ather Energy Rallies on Network Expansion Momentum

Similarly, even Ather Energy, an EV two-wheeler company, saw significant buying interest with its share prices up by 7% on 13th April.

The company is involved in India’s rapidly expanding market of EVs, which involves selling premium EV scooters and setting up their charging station infrastructure.

This positive move was supported by very good volume numbers, i.e., 1.39 crore as compared to the 5-day average of 32.30 lakh shares.

The primary reason behind this positive momentum was the company’s expansion plans. The company said that they have doubled their service centers and brought it up to 500 in just one year, which helps build up its after-sales system, which is very important for any EVs.

Moreover, the stock had been exhibiting momentum due to some positive corporate developments and other favorable trends from the sectoral side.

Jyoti CNC Sees Sharp Fall Amid Selling Pressure

Jyoti CNC Automation, a manufacturer of CNC machines and industrial equipment, was among the top losers, with its stock plunging 14.35%.

The stock declined from a previous close of ₹819.20 to ₹701.65, with significant trading volume of over 57 lakh shares. There is no major company-specific news driving the decline.

Ola Electric Extends Weakness on Structural Concerns

Ola Electric Mobility, an electric vehicle manufacturer focused on two-wheelers, witnessed a decline of 7.17%, making it one of the notable laggards. The stock fell from ₹40.88 to ₹37.95, with massive trading volumes of over 24 crore shares, reflecting heavy selling pressure.

Afcons Infrastructure Slides Amid Market Pressure

Afcons Infrastructure, an engineering and construction company engaged in large-scale infrastructure projects, declined 4.69% during the session. The stock dropped from ₹324.90 to ₹309.65, with moderate trading volumes.

Conclusion

There was a generalized fall in the market due to geopolitics around the globe as well as a rise in the price of crude oil, which prevailed over the positive momentum observed last week.

Nevertheless, stock movement was prominent. Zydus Wellness, NTPC Green, and Ather Energy were the top performers backed by fundamentals like product launches, expansion, and business growth. Conversely, the worst performing stocks included Jyoti CNC, Ola Electric, and Afcons Infrastructure, all due to a combination of poor fundamentals, sentiment, and overall market pressure.

Generally, high volume was a factor that led both to the upside as well as downside movement.