Himadri Speciality Chemical, Cochin Shipyard, Aditya Birla Sun Life AMC Lead Top Gainers While UTI AMC, Reliance Power, Coforge Among Top Losers

Against this backdrop of declining markets, there was good news for some individual stocks, which witnessed large gains driven by profits and increased trading volumes.

Himadri Speciality Chemical

One such company was Himadri Speciality Chemicals, a prominent company manufacturing carbon-based products and specialty chemicals. Its stock gained 12% on April 24 amid exceptionally high volume numbers as 4.6 crore shares were traded on the National Stock Exchange, higher than the company’s 30-day average share trading figure of 29.47 lakh.

The main reason for this gain was that the company had posted excellent Q4FY26 financial results. Revenue increased by 14%, amounting to ₹1,288 crore; whereas, EBITDA stood at ₹280 crore, representing a 21% increase in revenues along with a margin of 21.7%. Moreover, net profits witnessed a sharp increase of 34%, amounting to ₹208 crore. Apart from this, its first anode plant commissioning and a specialty carbon black plant are also expected to provide it with good opportunities for growth.

Cochin Shipyard

Cochin Shipyard, which is a public sector undertaking engaged in building and repairing ships, too made its presence felt as one of the top gainers, with its scrip gaining as much as 7%. The scrip saw good volume action, registering a daily traded volume of 57.63 lakh shares against an average volume of 17.35 lakh shares for 30 days.

This sharp rise can primarily be attributed to high volume movement. There seems to be no particular reason for the rise apart from the fact that defense and shipyard stocks are favored among investors.

Aditya Birla Sun Life AMC

Aditya Birla Sun Life AMC, which is a provider of asset management services such as mutual funds and portfolio management, witnessed a gain of nearly 5% and was one of the notable gainers in the Nifty 500 group. The trading volume was 13.95 lakh shares, above its 30-day average of 7.22 lakh shares.

In the quarter ended March FY26, Aditya Birla Sun Life AMC witnessed a 14% rise in AUM to ₹4.4 lakh crore from ₹3.87 lakh crore, along with a 7% rise in the revenue to ₹458.2 crore compared to ₹429.7 crore in the previous quarter. In contrast, the net profit for the quarter witnessed a decline of 18% to ₹187 crore due to market volatility.

UTI AMC

One of India’s most established mutual fund companies, UTI Asset Management Company, too, was one of the biggest losers, as its shares fell more than 10% during the trading session. UTI Asset Management Company offers a wide range of investment management and financial services, including equity, debt, and hybrid funds.

The steep fall in the company’s shares was mainly due to poor quarterly performance for the fourth quarter of fiscal year 2026, as UTI Asset Management Company posted a net loss against profits seen in the same quarter last year.

Reliance Power

Similarly, the stocks of Reliance Power, an organization involved in the development and management of power generation projects, experienced a steep downfall exceeding 6%. The volume of trading was also very high at more than 6 crores.

Coforge

Mid-cap IT service provider, Coforge, which offers digital transformation and IT services to customers around the world, saw a drop of almost 6%, becoming one of the prominent underperformers.

This decline is in sync with overall underperformance of the IT industry, which has seen tough times because of global uncertainty, poor spending prospects in technology, and pessimism surrounding big-ticket IT firms.

Conclusion

A striking difference was observed in individual performances despite weak market performance. The stocks that did well during the day were Himadri Speciality Chemicals, which posted robust results, and Cochin Shipyard and Aditya Birla Sun Life AMC, which saw their prices increase as a result of higher volumes. The companies' operations were healthy.

The underperforming stocks included UTI AMC due to its poor quarterly results and Coforge due to the poor performance of IT stocks. Finally, Reliance Power's decline occurred as a result of weak market conditions, rather than any other reasons. Nevertheless, robust volumes and good results have been fueling strong performers in spite of macroeconomic worries.