Why These Stocks Are Rising and Falling Today: OLA Electric,Elecon Engineering Company, & Wockhardt; Ather Energy, Emmvee Photovol & Meesho Decline

Both Nifty and Sensex opened on a positive note on September 23, 2026. Nifty is currently trading at 23,440 at 11:46 AM, gaining over 100 points.

According to FII and DII data, FIIs remained net sellers on Tuesday, September 22, selling equities worth ₹4,220 crore. At the same time, DIIs purchased equities worth ₹3,333 crore. Additionally, a pullback in Brent crude oil prices provided further relief to domestic equities, helping to improve overall investor sentiment.

Amidst this scenario here are the top gainers and losers for September 23 and check the reason for the same. 

Top Gainers for September 23: OLA Electric, Elecon Engineering Company, & Wockhardt Gain Up to 10.5%

OLA Electric Gains 10.5%

OLA Electric emerged as the top gainer in the Nifty 500 index on September 23, 2026. At 10:42am,OLA Electric share price was trading at ₹41.73, up 10.5% from its previous close on the NSE.Trading volumes jumped at 21.3 crore shares, compared with the 30-day average volume of 5.6 crore shares,showing increased investor confidence in the company.

Elecon Engineering Company Rises Over 10.3%

Elecon Engineering Company share price rose to ₹464, gaining 10.% from its previous close on the NSE.Trading volumes stood at 90 lakh shares, compared with the 30-day average volume of 8.32 lakh shares.

After the stock fell by 30% between May 6th and September 16th , 2026 ,strong company performance, positive prospects, and high trading volumes helped it rebound by 10.3%. 

Wockhardt Gains 6.3%

At 10:42 am, the Wockhardt share price was trading at ₹2323 , reflecting a gain of 6.3% from its previous close on the NSE.
Trading volumes also remained strong at 25 lakh shares, compared with the 30-day average volume of 10 lakh shares.The Stock is currently Trading 4.3% down from its 52-week high of ₹2,422.

Top Losers for September 23: Ather Energy,Emmvee Photovol and Meesho Fall Up to 3.7%

Ather Energy Falls 3.7%

Ather Energy emerged as the top loser in the Nifty 500 index on September 23, 2026.At 10:42 am, Ather Energy share price was trading at ₹1486, down 3.7% from its previous close on the NSE. Trading volumes currently stand at 38 lakh shares, compared with the 30-day average volume of 45 lakh shares.

The Ather Energy stock has seen an impressive rally of 190% from February 1st to September 1st, and is now experiencing a routine correction or profit booking.On September 21st, the company also established a Wholly Owned Subsidiary (WOS) in Hong Kong to support its critical procurement functions and enhance supply chain resilience within the Asia-Pacific (APAC) region. 

Emmvee Photovol Drops 2.95%

Emmvee Photovoltaic emerged as the top loser in the Nifty 500 index on September 23, 2026. At 10:42 am, Ather Energy share price was trading at ₹330, down 2.95% from its previous close on the NSE. Trading volumes currently stand at 15 lakh shares, compared with the 30-day average volume of 21 lakh shares.

The Emmvee Photovoltaic stock has been trading close to its 52-week high of ₹371, leading to a routine correction. Additionally, the company has made changes to its corporate governance: Mr. Murugesh C has been appointed as the Company Secretary, while Mr. Nagaraj Srinivas Ronad has ceased to hold the position of Compliance Officer. 

Meesho Falls Over 2.78%

At 10:42 pm, the Meesho share price was trading at ₹234, down 2.78% from its previous close on the NSE.Trading volumes currently stand at 1.8 crore shares, compared with the 30-day average volume of 2 crore shares.

On September 22, 2026, Meesho hit a 52-week high of ₹254 driven by high trading volumes, and as a result, some profit-booking is being observed today.