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Ather Energy Leads Nifty 500 Momentum Screen With 14.13% Gain

Mangalore Refinery and Petrochemicals rose 12.55%, while three other shares gained between 5.16% and 6.73%, The Economic Times reported.

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Pedestrians cross the forecourt of Exchange Plaza in Mumbai, home to India’s National Stock Exchange. / EconoTimes.ai
Pedestrians cross the forecourt of Exchange Plaza in Mumbai, home to India’s National Stock Exchange. / EconoTimes.ai

Ather Energy climbed 14.13% to ₹1,575 on Monday, Oct. 26, leading five Nifty 500 stocks in a StockEdge momentum screen reported by The Economic Times after each gained more than 5%.

Stock NSE close, Oct. 26 Daily gain RSI reading
Ather Energy ₹1,575 14.13% 59.71
Mangalore Refinery and Petrochemicals ₹182.61 12.55% 57.85
Acutaas Chemicals ₹3,348.80 6.73% 57.09
JSW Steel ₹1,260 6.28% 55.05
ITC Hotels ₹164.31 5.16% 56.49

The Economic Times reported the stocks selected and their RSI readings, citing StockEdge. The table pairs those figures with the shares’ NSE closing prices and daily changes.

StockEdge’s “RSI Trending Up” scan picks up a share when its Relative Strength Index (RSI) moves upward through 50. The National Stock Exchange of India (NSE) describes RSI as a technical measure of the pace and scale of recent price changes. It says the Nifty 500 covers 500 companies selected by full market value from its eligible universe.

The sources describe a technical signal in recent share prices but do not identify what drove each stock’s gain. EconoTimes previously covered a similar Nifty 500 RSI screen on Oct. 23.

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