NSE March 16 Top Gainers: MRPL, ITI, City Union Bank, Ganesha Ecosphere, Saregama India Lead Market Gainers 

Mumbai, March 16: Shares of Mangalore Refinery and Petrochemicals Ltd (MRPL), ITI Ltd, City Union Bank Ltd, Ganesha Ecosphere Ltd, and Saregama India Ltd were among the top gainers on the NSE during the March 16 trading session so far, supported by strong buying interest across select mid-cap and PSU-linked counters.

As of around 2:30 PM IST on March 16, 2026, MRPL share price traded at ₹201.35, up ₹23.21 or 13.03% from the previous close of ₹178.14. The stock led the list of gainers for the session so far.

ITI share price also recorded strong gains, trading at ₹267.55, higher by ₹25.25 or 10.42% compared with its previous close of ₹242.30.

Meanwhile, Ganesha Ecosphere share price stood at ₹836.80, rising ₹50.70 or 6.45%, while City Union Bank share price was quoted at ₹246.05, up ₹14.55 or 6.29% from its previous closing level of ₹231.50.

Saregama India share price also moved higher during the session so far, trading at ₹363.50, gaining ₹20.65 or 6.03% against its earlier close of ₹342.60.

Why MRPL, ITI, City Union Bank, Ganesha Ecosphere, Saregama India Share Prices Moved

Market participants observed strong buying momentum across several mid-cap, PSU, and sector-specific stocks, which lifted these counters during the trading session.

In the case of MRPL, the rally coincided with active trading volumes in oil refining companies, a segment that often reacts to fluctuations in crude oil prices and refining margin expectations.

ITI, a government-owned telecom equipment manufacturer, has also seen increased investor interest in recent sessions amid broader attention on telecom infrastructure and technology-linked public sector companies.

For City Union Bank, gains came amid buying in select private banking stocks, while Ganesha Ecosphere, a recycler of PET plastic waste and polyester fibre manufacturer, attracted investor interest in the specialty manufacturing segment.

Saregama India, which operates in music publishing, digital content, and entertainment, also witnessed buying interest during the session.

Stock Performance Snapshot

A snapshot of the price movement as of 2:30 PM IST on March 16, 2026, shows:

• MRPL share price: ₹201.35, up 13.03%
• ITI share price: ₹267.55, up 10.42%
• Ganesha Ecosphere share price: ₹836.80, up 6.45%
• City Union Bank share price: ₹246.05, up 6.29%
• Saregama India share price: ₹363.50, up 6.03%

Among these, MRPL and ITI recorded the strongest percentage gains during the session so far, supported by relatively higher trading volumes compared with the other stocks in the list.

What This Means for Investors

Sharp moves in individual stocks during a trading session often reflect short-term demand momentum, sector-specific developments, or increased trading activity.

That said, analysts generally advise investors to look beyond single-session price movements and evaluate fundamentals, earnings visibility, sector outlook, and valuation levels before making investment decisions.

Stocks showing strong daily gains may continue to remain volatile as market participants adjust positions during the remainder of the session.

Broader Market and Sectoral Context

The gains in these stocks come amid mixed trends in the broader market, where sector-specific buying has continued to drive movements in select counters even as benchmark indices trade with modest fluctuations.

PSU-linked companies such as MRPL and ITI have recently seen renewed trading interest, while mid-cap manufacturing, banking, and media stocks have also experienced selective buying activity during recent sessions.

About the Companies

Mangalore Refinery and Petrochemicals Ltd (MRPL) is a subsidiary of Oil and Natural Gas Corporation and operates a major refinery complex in Mangalore, Karnataka.

ITI Ltd is a state-owned telecommunications technology company engaged in manufacturing telecom equipment and providing digital infrastructure solutions.

City Union Bank Ltd is a private sector bank headquartered in Kumbakonam, Tamil Nadu, offering retail, corporate, and SME banking services.

Ganesha Ecosphere Ltd is involved in recycling PET waste to manufacture recycled polyester staple fibre and yarn used in textile and industrial applications.

Saregama India Ltd, part of the RP-Sanjiv Goenka Group, operates in music licensing, film and television content, and digital entertainment.

Conclusion

The March 16 session so far has seen strong gains in MRPL, ITI, City Union Bank, Ganesha Ecosphere, and Saregama India, placing them among the leading gainers on the NSE. While the moves highlight active trading interest in select counters, investors typically monitor broader market cues, company developments, and sector trends before interpreting single-session price movements.

Source: https://www.nseindia.com/