Diamond Power Infrastructure secured a Rs 435.71 crore order to supply power cables for large data center projects in Hyderabad. The sizeable contract sparked strong buying interest, sending the stock to its upper circuit as investors reacted positively to the fresh order win.
HDFC Bank shares climbed more than 3.5% to trade at Rs. 829.55, extending their recent rebound. Strong buying interest pushed the stock to its highest level in weeks, signaling improving investor sentiment as market participants positioned themselves ahead of the bank's quarterly earnings announcement.
Info Edge announced the wider rollout of its artificial intelligence-powered recruitment platform, introducing advanced hiring tools across enterprise customers. The initiative aims to improve recruitment efficiency and strengthen its technology offerings, although the stock traded slightly lower despite the strategic development.
Supriya Lifescience shares tumbled nearly 9% after the Customs Department launched an investigation involving the company's General Manager (Sales & Marketing). A court remanded the executive to judicial custody until July 17, triggering heavy selling as trading volumes surged almost 200% above the five-day average.
PTC India signed a Power Purchase Agreement with NTPC Renewable Energy, a subsidiary of NTPC Green Energy, to procure 1,200 MW of solar power under a bilateral arrangement. The agreement strengthens India's renewable energy capacity, although both companies' shares traded marginally lower during Monday's session.
Bank of Maharashtra reported solid business growth for the June quarter, supported by higher advances and deposits, and an improved CASA ratio. The lender's total business rose nearly one-fifth from a year earlier, reinforcing investor confidence in its consistent operational performance.
Granules India secured exclusive first-to-file status for its generic version of Sodium Oxybate Extended-Release oral suspension in the United States. The regulatory milestone strengthened growth prospects and pushed the pharmaceutical stock to a fresh 52-week high during early Monday trading.
Several stocks witnessed sharp intraday moves driven by company-specific developments rather than broader market trends, and partly paid shares featured among the biggest gainers. At the same time, a handful of smaller companies declined sharply. Investors continued to focus on corporate announcements and quarterly business updates.
The broader market maintained positive momentum, with the Sensex trading above 78,100 and the Nifty holding above 24,380. Positive market breadth indicated widespread buying across sectors, as advancing shares comfortably outnumbered declines during the first hour of Monday's trading session.
Kaushalya Infrastructure, Capital Trade Links and Andhra Petrochemicals led the gainers with double-digit advances, while National Standard, HanMan Fit and Pearl Green Clubs topped the losers' list. The sharp moves reflected strong stock-specific momentum despite the broader market remaining in positive territory.
Defense stocks remained among the strongest performers, lifting the Nifty Defense index by around 1.5%. Zen Technologies, Paras Defense, and Dynamatic Technologies led the rally, while several other defense manufacturers also attracted buying interest amid continued optimism about India's defense manufacturing sector.
HDFC Bank, ICICI Bank, Cupid, Shakti Pumps and Kotak Mahindra Bank led trading volumes, while Ind Bank Housing, G.K. Consultants, BKV Industries and Modern Shares featured among the session's most volatile stocks, reflecting heightened investor activity and stock-specific momentum across sectors.
Macquarie maintained its 'Outperform' rating on Godrej Consumer Products with a target price of Rs. 1,250. The brokerage cited high-teens sales growth, strong domestic and international performance, and expects the FMCG company to surpass select FY27 guidance metrics, boosting investor confidence and lifting the stock.
NBCC (India) won three new contracts worth Rs. 132.28 crore from the Navodaya Vidyalaya Samiti and the Government of Odisha. Despite the fresh order inflow, the stock traded nearly 2% lower as investors booked profits following recent gains in the state-owned construction company.
Innovision secured a Rs. 102.27 crore contract from the National Highways Authority of India (NHAI) to manage user fee collection at the Sirohi Bahali Fee Plaza. The order strengthened the company's project pipeline, helping the stock trade over 1% higher during Monday's session.
Glenmark Pharmaceuticals strengthened its US product portfolio with the launch of Olanzapine for Injection, a generic equivalent of a widely used injectable medicine. The product launch reinforces the company's presence in the regulated US market and supports modest gains in the pharmaceutical stock.
Tata Elxsi shares traded around Rs. 3,665.70, down 0.36%, extending their prolonged downtrend. The stock has remained under sustained selling pressure in recent months, with weak price momentum reflecting cautious investor sentiment ahead of the company's upcoming quarterly earnings and business outlook.
Wipro shares declined more than 1% to trade at Rs. 174.20 during afternoon trade, extending recent weakness. The stock has lost over 34% on a year-to-date basis, reflecting continued selling pressure in the IT sector as investors await the upcoming quarterly earnings season.
Aastha Spintex had a disappointing stock market debut, listing at more than a 4% discount to its issue price. The IPO had received moderate investor interest during the subscription period, but weak listing gains reflected cautious market sentiment toward smaller public issues amid a selective investment environment.
Infosys shares traded around Rs. 1,037, down nearly 1%, extending their recent decline. The stock has remained under sustained selling pressure over the past few months, with lower highs and lower lows indicating weak momentum as investors await fresh earnings and business guidance.
RBL Bank reported healthy credit growth in the June quarter, with gross advances rising 21% and deposits increasing 11% from a year ago. However, a decline in its CASA ratio weighed on investor sentiment, leaving the stock marginally lower despite encouraging lending performance and business expansion.
Abbott India shares gained nearly 4%, marking their biggest single-day rise in eight weeks. Despite remaining about 24% below its 52-week high, the stock witnessed strong buying interest, lifting its market capitalization to nearly Rs 57,000 crore as investors accumulated healthcare stocks.
GK Energy secured a Rs 235.92 crore order from Maharashtra State Electricity Distribution Company (MSEDCL) to supply 10,000 off-grid solar-powered water pumping systems under the Magel Tyala Saur Krushi Pump Yojana. The project will be executed within 60 days, boosting investor confidence and lifting the stock.
Radico Khaitan shares surged nearly 5% to a record high after the company reported strong June-quarter sales for its flagship Magic Moments vodka brand. Sales volumes jumped 43% year-on-year to 3.25 million cases, while the brand maintained a dominant 60% market share, driven by robust flavored vodka demand.
IDBI Bank began the quarter on a strong note, posting double-digit growth across key business parameters. Total business increased 15%, while net advances jumped 22% year-on-year. Deposit growth remained steady, and CASA balances improved, indicating stable fundamentals despite relatively muted share price movement.
Motilal Oswal expects Nifty 50 companies to report a 10% year-on-year rise in cumulative net profit and a 16% increase in revenue for the June quarter. While 23 companies may post over 15% profit growth, EBITDA margins are projected to decline by 90 basis points to 20.5% amid cost pressures.
The USD/INR traded near 95.41, while commodity markets showed mixed movement. Brent-linked light crude oil, gold and copper posted modest gains, whereas natural gas slipped slightly. Investors continued tracking currency trends and commodity prices for cues on inflation and broader market sentiment.
Suryoday Small Finance Bank reported strong operational performance for the June quarter, driven by healthy expansion in advances, deposits and loan disbursements. Advances grew over 32% year-on-year, while deposits rose nearly 30%, reflecting sustained demand and business expansion. The stock traded higher following the update.
Nykaa expects a sharp acceleration in June-quarter growth, with consolidated revenue likely to expand by nearly 30%. The beauty segment continues to deliver healthy growth, while the fashion business is projected to record its strongest performance in several quarters. The stock also touched a fresh 52-week high.
The Nifty 50 traded firmly above the 24,400 mark, gaining 0.54% to reach 24,402.80 during morning trade. Sustained buying across key sectors kept the benchmark index in positive territory, reflecting improved investor confidence and broad-based market participation ahead of the earnings season.
Indian benchmark indices traded firmly in positive territory, with the Sensex climbing 420.66 points, or 0.54%, to 78,184.57 during morning trade. The index maintained steady upward momentum, reflecting broad-based buying interest as investors remained optimistic ahead of the upcoming earnings season.
Indian benchmark indices opened the week on a firm note, extending their winning streak as positive domestic cues and sustained foreign investor buying kept market sentiment upbeat. The Sensex climbed over 420 points in early trade, while the Nifty comfortably traded above the 24,400 mark, supported by gains in banking, auto and financial stocks. Investors are also keeping a close watch on the beginning of the June-quarter earnings season, crude oil prices, rupee movement, and global market trends for fresh direction. Strong monsoon progress and improving risk appetite have further boosted confidence, even as traders remain cautious ahead of key corporate results and macroeconomic data releases.
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