Top Gainers: Cemindia Projects, Syngene, Meesho Surge While Top Losers: HEG, Waaree Energies, KFintech Drag Markets Lower

By Ventura Research Team 4 min Read Apr 30, 2026

Top gainers and losers today with Waaree Energies, Syngene and HEG stock movement

Summary:
The Indian equity markets were affected by heavy selling pressure on April 30 due to the effect of the geopolitics situation along with the rise in crude oil prices. The benchmark indexes like Nifty 50 and Sensex fell by nearly 1.5% each. The value of the Indian currency hit an all-time low compared to the American dollar. A rise in the value of Brent crude by $126 per barrel created fear of rising inflation and resulted in the fall in the stock markets.

Despite the fall in the stock markets, there was strong individual stock movement due to various factors.

Top Gainers

A diversified infrastructure company involved in construction activities and executing projects, Cemindia Projects has become one of the biggest gainers in the Nifty 500 index. The company's share price went up by 19% on April 30th with strong volumes and outstanding earnings from the quarter.

There was a significant jump in trading volumes with 1.61 crore stocks trading compared to an average of 13.89 lakh stocks for the 30-day period, demonstrating the participation of institutions in the market.

The fundamentals that contributed to the rise in share prices were the excellent Q4FY26 earnings report. The revenue increased by 17% to ₹2,973 crore due to successful execution of orders. The EBITDA increased by 15% to ₹450 crore, while margins improved by 440 basis points, standing at 15.1%.

The most notable improvement in earnings was the net profit, which shot up by 114% to ₹242 crore. Also, the order book stood at a whopping ₹24,545 crore by the end of FY26.

Syngene, an advanced CRAMS provider, and subsidiary of Biocon, witnessed a jump of as much as 10% in its stock prices within the same time period. Syngene offers research and development services for various pharmaceuticals and biotechnology companies across the globe.

The reason for the surge in the stock price of the company has not been financial, but instead because of the leadership change. Trading volume has jumped to 1.47 crore stocks from its previous average of 15.03 lakh stocks within the last 30 days.

This stock has seen a shift in its top leadership. While Kiran Mazumdar has moved to be the Executive Chairperson of the company, Siddharth Mittal has taken on the role of the MD & CEO of Syngene. He has replaced Peter Bains who has left the company.

In terms of its financial numbers, Syngene recorded revenues of 2% YoY to ₹1,037 crores. Its operating EBITDA has dropped 12% to ₹303 crore with margins of 29.3%. Profit has fallen by 16% to ₹153 crore.

Meesho, an e-commerce portal that aims to empower small enterprises and social commerce entrepreneurs, was also listed among the stocks witnessing substantial gains, as its stock surged by 9% on April 30.

Along with this rise in stock prices, there was a significant spike in volumes as the number of trades increased to 4.47 crore from 30 days' average of 90.2 lakh.

The stock price appreciation lacked any major supportive news on the fundamentals. Recently, the company received a ₹14.3 crore GST order from the CGST Commissioner that it intends to challenge. Nevertheless, investor sentiment was quite positive.

One possible reason for such a positive investor outlook might be the introduction of “Vaani – Your Meesho Dost,” the country's first Gen-AI-enabled voice shopping assistant.

Without any significant fundamental triggers, it seems like this move was purely market-driven.

Top Losers

HEG, which makes graphite electrodes that are used for making steel, is one of the worst-performing stocks in the Nifty 500, dropping more than 11% during the session.

HEG fell from its last closing price of ₹658.40 to ₹584.95, with heavy volumes traded at more than 36 lakh shares.

No particular news related to the company caused this dip. The fall in price seems to have been caused mostly by the bearish market conditions, risk aversion, and selling pressure on commodity stocks.

Waaree Energies, which is involved in the production of solar modules and is a company dealing in renewable energy, saw its price drop by over 10%, emerging among the top losers.

Its share price fell from ₹3,502.90 to ₹3,152.00, with volumes of almost 60 lakh shares changing hands.

Although the company had strong financial results for the fourth quarter of FY26 with significant profit growth, this price fall was attributed to several reasons, such as profit-taking following its rally, high market expectations, and possible margin squeeze.

The company’s announcement of raising ₹10,000 crore created another problem for investors, as it posed the risk of equity dilution.

Moreover, the unfavorable overall market situation and negative sentiment further exacerbated the situation.

KFin Technologies, which is a financial services platform and offers registrar and transfer agency services to asset managers and corporates, experienced a decrease of 6.65% on the day in question.

Its stock price fell from ₹977.30 to ₹912.30, and more than 34 lakh stocks were traded.

There were no significant changes on the company side, as per the available information. This indicates that the stock price performance is linked to the overall weakening of the market and selling pressure on financial services companies due to global uncertainty.

Conclusion

April 30 demonstrated a market dominated by macroeconomic factors and individual stock catalysts. Although the sentiment was largely negative because of increasing crude oil costs, geopolitical uncertainty, and currency weakness, some individual stocks, including Cemindia Projects, Syngene, and Meesho, experienced strong increases based on their earnings, management changes, and volume action.

On the contrary, stocks like HEG, Waaree Energies, and KFin Technologies experienced sharp declines because of profit taking, disparity in expectations, and negative market influence.

It is evident from this trading session that even in a bearish market environment, there are chances for investing in solid or sentiment-oriented individual stocks, whereas excessive optimism and unfavorable macroeconomic conditions can cause significant corrections.