Why These Stocks Are Rising and Falling Today: GALLANT, IFCI & PFOCUS Gain; DMART, LENSKART, & TECHM Decline

Indian equities were trading flat on Monday, October 12, with the Nifty 50 rising 0.27% to 22,575 around 9:20 AM. Easing crude oil prices and fresh RBI measures to support the rupee helped improve sentiment, although global uncertainty and continued foreign investor selling remain concerns.

Foreign institutional investors sold equities worth approximately ₹3,568 crore on Friday, while domestic institutional investors bought around ₹4,743 crore, helping cushion the outflows. Market participants will closely watch crude oil prices, the rupee and institutional activity for further direction.

Amidst this backdrop, here are the top gainers and losers in the Nifty 500 index.

Top Gainers for October 12: GALLANT, IFCI, & PFOCUS Gain Up to 12.58%

Gallantt Ispat Ltd Price Jumps 12.58%

Gallant Ispat Ltd is among the top gainers in the Nifty 500 today and is trading at ₹567.10 at 9:36 am, gaining 12.58% from its previous close on NSE, making it one of the top gainers in the market. The rise comes after a period of weakness, with the stock trading near its 52-week low. The recent fall may have attracted buyers looking to enter at lower levels.

Trading volumes stood at 66.2 lakh shares, compared with the 30-day average volume of 3.03 lakh shares.

IFCI Ltd Share Price Rises Over 6.47%

IFCI Ltd is witnessing strong buying interest, with the stock gaining 6.47% to ₹71.71 on Monday, October 12, at 9.36, after witnessing strong buying interest in the previous session. The stock has seen sharp price swings in recent weeks, making investor sentiment and broader market trends important factors to watch.

Trading volumes stood at 4.36 crore shares, compared with the 30-day average volume of 11 crore shares.

Prime Focus Ltd Company gains 6.22%

At 9:36 am, the Prime Focus Ltd share price was trading at ₹277.35, up by 6.22% from its previous close on the NSE. Prime Focus shares are seeing buying interest today, after reversing from the 200-day EMA, which appears to be acting as a support level on the daily chart. This level could be attracting buyers after the recent decline after facing pressure in recent sessions. The stock has been in focus following reports of an Income Tax Department search at its Mumbai offices on October 7.

Trading volumes stood at 12.7 lakh shares, compared with the 30-day average volume of 30.06 lakh  shares.

Top Losers for October 12: DMART, LENSKART, & TECHM Fall Up to 3.78%

Avenue Supermart Ltd Share Price Falls 3.78%

At 9:36 am, the Avenue Supermart share price was trading at ₹3,383.90, down 3.78% from its previous close on the NSE after the company’s Q2 results raised concerns about profitability. While revenue grew 17.8% year-on-year, net profit increased at a slower pace of 8.5%, with higher operating costs putting pressure on margins. Competition from quick-commerce platforms is another concern, as it could affect the company’s growth in urban markets. The weaker profit growth appears to have weighed on investor sentiment despite the increase in sales.

Trading volumes stood at 13.1 lakh shares, compared with the 30-day average volume of 5.53 lakh shares.

Lenskart Solutions Ltd Share Price Declines 3.67%

Lenskart Solutions Ltd. shares saw selling pressure on Monday, October 12 with the stock trading at ₹652.80 around 9:36 am, dropping 3.67% during morning trade after a block deal involving around 1.67% of the company’s equity, worth approximately ₹1,895 crore according to media reports. The selling was reportedly linked to Alpha Wave Ventures, an existing investor, looking to reduce its stake. The shares traded at ₹647 apiece in the block deal, below the previous closing price, adding to the selling pressure.

Trading volumes stood at 1.53 crore shares, compared with the 30-day average volume of 1.22 crore shares.

Tech Mahindra Ltd Share Price Drops 3.12%

Tech Mahindra Ltd share faced selling pressure on Monday, October 12, and was trading at ₹1,466, down 3.12% from its previous close on the NSE amid weakness in the broader market and Tech Mahindra's stock is seeing pressure due to broader IT sector caution, muted earnings expectations ahead of its upcoming Q2 results on October 15, 2026, and general headwinds across the Nifty IT index. The company’s recent liquidation of its Polish step-down subsidiary, LCC Networks Poland, also drew attention.

Trading volumes stood at 17.9 lakh shares, compared with the 30-day average volume of 19.7 lakh shares.