Closing Bell: Nifty below 24,700, Sensex slips 572 pts; pharma outperforms

Indian equity indices ended on a negative note with Nifty at 24,700 on July 28. At close, the Sensex was down 572.07 points or 0.70 percent at 80,891.02, and the Nifty was down 156.10 points or 0.63 percent at 24,680.90.

We wrap up today’s edition of the Moneycontrol live market blog, and will be back tomorrow morning with all the latest updates and alerts. Please visit https://www.moneycontrol.com/markets/global-indices for all the global market action.

While India's expensive valuations have been prompting investors to redeem their holdings at regular intervals, muted Q1 results so far and persistent selling by overseas investors has intensified selling pressure over past few sessions. Also, investors are taking a cautious approach and curbing their holdings ahead of the monthly F&O expiry on Thursday amid global economic uncertainty and sluggish demand back home.

Today, the benchmark indices continued to face selling pressure at higher levels. The Nifty ended 156 points lower, while the Sensex was down by 572 points. Among sectors, the Realty index lost the most, shedding nearly 4.29 percent, whereas some buying interest was seen in selective pharma and FMCG stocks. Technically, a bearish candle on daily charts and a lower top formation on intraday charts indicate further weakness from the current levels.

We are of the view that as long as the market is trading below 24,800/81100, the weak sentiment is likely to continue. On the downside, the market may correct until 24,550–24,500/80500-80350. On the upside, a break above 24,800/81100 could lead to a pullback rally extending up to 24,900/81400. Further upside may also continue, potentially pushing the market up to 25,000/81700.

The downside momentum continued for the third consecutive sessions on Monday and Nifty closed the day lower by 156 points. After opening lower, the market made an attempt of recovery in the early part of the session. The bounce back effort has failed and the market weakened further in the mid to later part of the session.

A reasonable negative candle was formed on the daily chart with upper shadow. Technically, this market action indicates downside continuation pattern with sell on rise opportunity.

The bearish chart pattern like lower highs and lower lows intact on the daily chart and present weakness could be in line with the new lower low formation.

The underlying trend of Nifty remains weak and one may expect some more declines in the coming sessions. The next crucial lower supports to be watched around 24500. Immediate resistance is placed at 24800.

Markets remained under pressure and declined over half a percent, extending the ongoing corrective phase. After an initial dip, the Nifty attempted to recover, but sharp selling in Kotak Bank following its earnings and continued weakness in select heavyweights from the telecom and IT sectors dragged the index lower as the session progressed. As a result, the Nifty slipped below its immediate support level of 24,700 and eventually settled at 24,680.90. Most sectors ended in the red, with realty, metal, and banking emerging as the top losers. The broader indices also came under pressure, shedding between 0.90% and 1.33%.

Markets are currently grappling with headwinds on both domestic and global fronts. On the domestic side, earnings disappointments and persistent foreign fund outflows are dampening sentiment. In the banking space, earlier resilience had helped limit the decline; however, renewed pressure across the sector—except for heavyweights ICICI Bank and HDFC Bank—is adding to participants’ concerns. Globally, uncertainty surrounding trade deals, despite strength in the US markets, is contributing to the cautious approach.

We now view the 24,450–24,550 zone as a critical support area, while the 24,900–25,000 range is likely to act as a resistance zone in case of a rebound. Traders should maintain a cautious stance and adjust their positions accordingly.

Today Indian stock market closed negatively, with the Nifty 50 index falling 0.63% to 24,680 and the Sensex declining by around 570 points, settling near 80,890. The negative close was primarily driven by heavy selling pressure in key banking stocks, especially Kotak Mahindra Bank, which fell nearly 7% after reporting a consolidated net profit drop for the June quarter and highlighting stress in its retail commercial vehicle loan segment due to unfavorable macroeconomic conditions.

Weak Asian market cues, with major indices like Japan's Nikkei and South Korea's Kospi declining, also contributed to investor caution. Additionally, a rise in Brent crude oil prices increased concerns about inflationary pressures for India, an oil-importing country.

IT sector stocks faced selling pressure as well, led by companies like TCS and Infosys, with TCS announcing a workforce reduction of 2%, adding to the bearish sentiment. Market volatility, measured by India VIX, rose by nearly 7%, signaling increased nervousness among traders.

Once again, bears ruled the day as the Nifty fell below 24,700 amid rising weakness in the market. During the session, the index faced resistance around the 50-EMA and remained below it until the close.

The RSI continues to support the bears with its negative crossover. In the short term, the index may remain under pressure, with a possibility of slipping towards 24,550. On the higher end, resistance is seen at 24,800 and 24,950.

Domestic market sentiment has remained cautious, weighed down by a disappointing set of Q1 earnings, delays in the India-US trade agreement, and continued FII outflows. In contrast, global markets remain broadly positive, supported by US-EU trade developments that are perceived as less concerning than anticipated.

The upcoming monetary policy decisions from the Fed and BoJ, along with the trajectory of domestic quarterly earnings, are expected to play a pivotal role in shaping market direction in the near term.

Indian rupee ended 13 paise lower at 86.65 per dollar on Monday versus Friday's close of 86.52.

Indian equity indices ended on a negative note with Nifty at 24,700 on July 28.

At close, the Sensex was down 572.07 points or 0.70 percent at 80,891.02, and the Nifty was down 156.10 points or 0.63 percent at 24,680.90. About 1206 shares advanced, 2767 shares declined, and 152 shares unchanged.

BSE Midcap index shed 0.7 percent and smallcap index fell 1.3 percent.

Shriram Finance, Cipla, Hero MotoCorp, HUL, SBI Life were among major gainers on the Nifty, while losers were Kotak Mahindra Bank, Wipro, Bajaj Finance, Bharti Airtel, IndusInd Bank.

Except pharma, all other sectoral indices ended in the red with realty index plunged 4 percent, media index shed nearly 3 percent, capital goods, metal, telecom, PSU bank, private bank indices declined 1-1.5 percent.

Thangamayil Jewellery was quoting at Rs 1,811.05, down Rs 26.85, or 1.46 percent.

It has touched an intraday high of Rs 1,855.00 and an intraday low of Rs 1,769.40.

It was trading with volumes of 4,431 shares, compared to its five day average of 13,720 shares, a decrease of -67.71 percent.

In the previous trading session, the share closed down 1.80 percent or Rs 33.60 at Rs 1,837.90.

The share touched a 52-week high of Rs 2,557.72 and a 52-week low of Rs 1,526.45 on 09 October, 2024 and 24 February, 2025, respectively.

Currently, the stock is trading 29.19 percent below its 52-week high and 18.64 percent above its 52-week low.

Market capitalisation stands at Rs 5,631.95 crore.

#1 Profit largely in-line with estimates

#2 Rise in slippages from international loans & higher provisions fuelled credit cost

#3 Corporate loan growth retreat improved deposit mix & limited margin fall

#4 More correction expected in H2

#5 Domestic LDR at 82 percent, slow deposit growth poses risk

Motherson Sumi Wiring India was quoting at Rs 40.05, down Rs 0.43, or 1.06 percent.

It has touched an intraday high of Rs 40.92 and an intraday low of Rs 39.28.

It was trading with volumes of 255,637 shares, compared to its five day average of 448,522 shares, a decrease of -43.00 percent.

It was trading with volumes of 255,637 shares, compared to its thirty day average of 503,720 shares, a decrease of -49.25 percent.

In the previous trading session, the share closed down 2.17 percent or Rs 0.90 at Rs 40.48.

The share touched a 52-week high of Rs 51.33 and a 52-week low of Rs 30.71 on 29 July, 2024 and 28 February, 2025, respectively.

Currently, the stock is trading 21.98 percent below its 52-week high and 30.41 percent above its 52-week low.

Market capitalisation stands at Rs 26,559.81 crore.

# 1 Strong Q1 led by robust CDMO growth and EBITDA beat

# 2 Company investing in new technologies & capacities given higher customer offtake visibility

#3 Expected approximately 34 percent synthesis sales CAGR over FY25–28

#1 PAT beat estimates by 8 percent, fuelled by higher NII & treasury income

#2 Offset partly by rising credit costs

#3 Domestic/global NIM declines were 10 bps/7 bps

#4 Loan book shrunk 2 percent QoQ

#5 Slippage was higher than expected due to one large international account

#6 Management expects NII pressure to continue in Q2 before easing

janta Pharma was quoting at Rs 2,789.55, up Rs 8.25, or 0.30 percent.

It has touched an intraday high of Rs 2,829.55 and an intraday low of Rs 2,727.05.

It was trading with volumes of 2,759 shares, compared to its five day average of 3,145 shares, a decrease of -12.27 percent.

In the previous trading session, the share closed down 0.48 percent or Rs 13.55 at Rs 2,781.30.

The share touched a 52-week high of Rs 3,485.75 and a 52-week low of Rs 2,022.05 on 12 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 19.97 percent below its 52-week high and 37.96 percent above its 52-week low.

Market capitalisation stands at Rs 34,844.85 crore.

The Sensex was down 562.28 points or 0.69 percent at 80,900.81, and the Nifty was down 151.55 points or 0.61 percent at 24,685.45. About 1094 shares advanced, 2524 shares declined, and 126 shares unchanged.

The Indian Rupee (INR) has depreciated against the US Dollar (USD), mirroring the trend of most Asian currencies. This weakening is largely attributed to the strengthening dollar, which gained momentum following the recent EU-US Trade deal. The dollar's rise was further fueled by a buying spree leading up to the trade deal deadline, coupled with foreign fund selling in the Indian market.

In the near term, the spot USDINR pair is expected to find support at 86.10 and face resistance at 86.75.

QIB – 0.04 times

NII - 5.14 times

Retail – 5.50 times

Overall – 3.86 times

Indian rupee is trading lower at 86.59 per dollar versus Friday's close of 86.52.

QIB – 3.05 times

NII - 1.61 times

Retail – 6.02 times

Employee Reserved - 0.82 times

Reserve for shareholders - 2.57

Overall – 3.13 times

Apollo Micro Systems was quoting at Rs 171.40, down Rs 0.90, or 0.52 percent.

It has touched an intraday high of Rs 174.80 and an intraday low of Rs 162.25.

It was trading with volumes of 774,906 shares, compared to its five day average of 402,079 shares, an increase of 92.72 percent.

In the previous trading session, the share closed up 0.29 percent or Rs 0.50 at Rs 172.30.

The share touched a 52-week high of Rs 221.40 and a 52-week low of Rs 88.10 on 24 June, 2025 and 23 October, 2024, respectively.

Currently, the stock is trading 22.58 percent below its 52-week high and 94.55 percent above its 52-week low.

Market capitalisation stands at Rs 5,253.23 crore.

Adani Green Energy Limited was quoting at Rs 998.75, up Rs 22.80, or 2.34 percent.

It has touched an intraday high of Rs 1,004.20 and an intraday low of Rs 979.35.

It was trading with volumes of 332,667 shares, compared to its five day average of 85,550 shares, an increase of 288.86 percent.

In the previous trading session, the share closed down 4.39 percent or Rs 44.80 at Rs 975.95.

The share touched a 52-week high of Rs 2,091.85 and a 52-week low of Rs 758.00 on 26 September, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 52.26 percent below its 52-week high and 31.76 percent above its 52-week low.

Market capitalisation stands at Rs 164,511.72 crore.

At CMP, the stock trades at 0.8x/0.7x its FY2026E/FY2027E ABV.  The bank highlighted that it is taking continuous efforts to improve overall performance that is broadly holding up well, but with some volatility in some of the key operating metrices.

Stable asset quality outlook is likely to support return ratios and reversal in return ratio is unlikely in near term.

Believe that the bank is likely to sustain RoA at ~1.0% over the next couple of quarters despite pressure on core operating profitability.

The bank needs to ramp up other avenues of productivity (mainly fee income) to drive RoA/RoE expansion.

Given reasonable valuations, maintain a buy rating, with a revised price target of Rs 275.

The company is in receipt of Letter of Acceptance for the project of appointment of contractor for Implementation of Multi‐Modal Integration Facilities at 8 Metro Stations of Mumbai Metro Line 4&4A (PKG 1) from M/s. Mumbai Metropolitan Region Development Authority (MMRDA) for the total contract cost amounting to Rs. 139.72 crore (Excluding GST)  for which J. Kumar Infraprojects share is 49 % i.e. Rs 68.46 crore.

Godrej Properties was quoting at Rs 2,125.45, down Rs 108.75, or 4.87 percent.

It has touched an intraday high of Rs 2,222.50 and an intraday low of Rs 2,122.30.

It was trading with volumes of 302,371 shares, compared to its five day average of 28,733 shares, an increase of 952.35 percent.

In the previous trading session, the share closed down 3.37 percent or Rs 78.00 at Rs 2,234.20.

The share touched a 52-week high of Rs 3,400.00 and a 52-week low of Rs 1,869.50 on 26 September, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 37.49 percent below its 52-week high and 13.69 percent above its 52-week low.

Market capitalisation stands at Rs 64,019.86 crore.

#1 Q1 beat on higher ARV & CDMO sales

#2 Management non committal on sustainability

#3 Gross margin trend appears to be declining

#4 ARV division faces tender renewals from Oct 25, which may pressure pricing as alternate therapies rise

Nippon Life India Asset Management was quoting at Rs 805.40, down Rs 4.75, or 0.59 percent.

It has touched an intraday high of Rs 827.00 and an intraday low of Rs 795.15.

It was trading with volumes of 43,176 shares, compared to its five day average of 39,697 shares, an increase of 8.76 percent.

In the previous trading session, the share closed down 2.33 percent or Rs 19.35 at Rs 810.15.

The share touched a 52-week high of Rs 877.65 and a 52-week low of Rs 456.05 on 17 July, 2025 and 07 April, 2025, respectively.

Currently, the stock is trading 8.23 percent below its 52-week high and 76.6 percent above its 52-week low.

Market capitalisation stands at Rs 51,171.46 crore.

• Revenue rises 9% to Rs 1,139.3 crore from Rs 1,045 crore
• EBITDA declines 7.4% to Rs 121 crore from Rs 131 crore
• EBITDA margin falls to 10.62% from 12.51%

The Sensex was down 570.46 points or 0.70 percent at 80,892.63, and the Nifty was down 160.45 points or 0.65 percent at 24,676.55. About 1033 shares advanced, 2552 shares declined, and 132 shares unchanged.

The company has received a letter of intent from Adani Energy Solutions worth Rs 1349.11 crores for supply of 24,080 AL-59 high-performance conductors.

Diamond Power Infrastructure was quoting at Rs 161.95, down Rs 0.90, or 0.55 percent.

It has touched an intraday high of Rs 169.50 and an intraday low of Rs 159.60.

It was trading with volumes of 90,544 shares, compared to its five day average of 110,919 shares, a decrease of -18.37 percent.

In the previous trading session, the share closed down 1.57 percent or Rs 2.60 at Rs 162.85.

The share touched a 52-week high of Rs 193.58 and a 52-week low of Rs 81.00 on 21 October, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 16.34 percent below its 52-week high and 99.94 percent above its 52-week low.

Market capitalisation stands at Rs 8,534.30 crore.

Mold-Tek Packaging was quoting at Rs 785.95, up Rs 45.60, or 6.16 percent.

It has touched an intraday high of Rs 785.95 and an intraday low of Rs 735.45.

It was trading with volumes of 13,352 shares, compared to its five day average of 6,612 shares, an increase of 101.95 percent.

In the previous trading session, the share closed up 0.63 percent or Rs 4.65 at Rs 740.35.

The share touched a 52-week high of Rs 841.80 and a 52-week low of Rs 415.00 on 01 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 6.63 percent below its 52-week high and 89.39 percent above its 52-week low.

Market capitalisation stands at Rs 2,611.63 crore.

#1 NIMs better than expected; growth & asset quality remained soft

#2 Loan & deposit growth lagged; slippages increased

Bank Of Baroda was quoting at Rs 240.40, down Rs 3.05, or 1.25 percent.

It has touched an intraday high of Rs 247.20 and an intraday low of Rs 237.75.

It was trading with volumes of 439,703 shares, compared to its five day average of 646,547 shares, a decrease of -31.99 percent.

In the previous trading session, the share closed down 1.36 percent or Rs 3.35 at Rs 243.45.

The share touched a 52-week high of Rs 266.80 and a 52-week low of Rs 190.70 on 06 December, 2024 and 04 March, 2025, respectively.

Currently, the stock is trading 9.9 percent below its 52-week high and 26.06 percent above its 52-week low.

Market capitalisation stands at Rs 124,319.55 crore.

#1 Persistent high credit costs disappointed again, rising to 9.6 percent (+60 bps QoQ) and dashing turnaround hopes

#2 However, based on past quarters, market reaction may be short lived, bouncing back on hope of future recovery

SBI Cards & Payment Services was quoting at Rs 837.70, down Rs 51.35, or 5.78 percent.

It has touched an intraday high of Rs 864.85 and an intraday low of Rs 834.75.

It was trading with volumes of 126,575 shares, compared to its five day average of 132,322 shares, a decrease of -4.34 percent.

In the previous trading session, the share closed up 0.37 percent or Rs 3.25 at Rs 889.05.

The share touched a 52-week high of Rs 1,023.05 and a 52-week low of Rs 660.00 on 10 June, 2025 and 29 October, 2024, respectively.

Currently, the stock is trading 18.12 percent below its 52-week high and 26.92 percent above its 52-week low.

Market capitalisation stands at Rs 79,709.48 crore.

Indian rupee erased all the opening gains and trading at day's low at 86.55 per dollar versus Friday's close of 86.52.

Vijaya Diagnostic Centre was quoting at Rs 1,094.50, up Rs 24.20, or 2.26 percent.

It has touched an intraday high of Rs 1,094.50 and an intraday low of Rs 1,045.80.

It was trading with volumes of 16,086 shares, compared to its five day average of 9,134 shares, an increase of 76.10 percent.

In the previous trading session, the share closed down 4.55 percent or Rs 51.00 at Rs 1,070.30.

The share touched a 52-week high of Rs 1,276.75 and a 52-week low of Rs 763.10 on 13 January, 2025 and 05 August, 2024, respectively.

Currently, the stock is trading 14.27 percent below its 52-week high and 43.43 percent above its 52-week low.

Market capitalisation stands at Rs 11,239.10 crore.

Snowman Logistics was quoting at Rs 57.87, up Rs 1.47, or 2.61 percent.

It has touched an intraday high of Rs 63.51 and an intraday low of Rs 54.40.

It was trading with volumes of 135,610 shares, compared to its five day average of 50,788 shares, an increase of 167.01 percent.

In the previous trading session, the share closed down 2.27 percent or Rs 1.31 at Rs 56.40.

The share touched a 52-week high of Rs 91.55 and a 52-week low of Rs 42.97 on 23 September, 2024 and 17 March, 2025, respectively.

Currently, the stock is trading 36.79 percent below its 52-week high and 34.68 percent above its 52-week low.

Market capitalisation stands at Rs 966.94 crore.

#1 Gross stage 2 loans rose 6–9 percent QoQ for consecutive quarters, but management held credit cost guidance

#2 AUM growth remains on track; NIM trajectory lower due to high liquidity

#3 EPS for FY26–27 cut 2–4 percent; buy maintained on recovery prospects in 2HFY26

TTK Prestige was quoting at Rs 630.95, up Rs 0.45, or 0.07 percent.

It has touched an intraday high of Rs 635.15 and an intraday low of Rs 622.00.

It was trading with volumes of 3,377 shares, compared to its five day average of 2,119 shares, an increase of 59.34 percent.

In the previous trading session, the share closed down 1.53 percent or Rs 9.80 at Rs 630.50.

The share touched a 52-week high of Rs 1,022.00 and a 52-week low of Rs 583.00 on 13 August, 2024 and 17 March, 2025, respectively.

Currently, the stock is trading 38.26 percent below its 52-week high and 8.22 percent above its 52-week low.

Market capitalisation stands at Rs 8,640.86 crore.

IndusInd Bank was quoting at Rs 808.75, down Rs 14.95, or 1.81 percent.

It has touched an intraday high of Rs 828.40 and an intraday low of Rs 807.15.

It was trading with volumes of 129,025 shares, compared to its five day average of 150,344 shares, a decrease of -14.18 percent.

In the previous trading session, the share closed down 2.78 percent or Rs 23.55 at Rs 823.70.

The share touched a 52-week high of Rs 1,498.70 and a 52-week low of Rs 605.40 on 19 September, 2024 and 12 March, 2025, respectively.

Currently, the stock is trading 46.04 percent below its 52-week high and 33.59 percent above its 52-week low.

Market capitalisation stands at Rs 63,006.14 crore.

QIB – 0.61 times

NII - 1.49 times

Retail – 5.81 times

Employee Reserved - 0.78 times

Reserve for shareholders - 2.42

Overall – 1.82 times

#1 India growth was 6 percent YoY; US growth 1 percent QoQ, below expectations

#2 Strong ROW sales & other income offset slower core growth

#3 EBITDA margin guidance maintained

#4 US sales could reach USD 1 bilion in FY27 or later with upcoming launches

QIB – 0.02 times

NII - 3.77 times

Retail – 4.57 times

Overall – 3.10 times

European stocks and US equity futures climbed after the European Union reached a trade deal with President Donald Trump, further easing fears of a damaging trade war.

#1 MFI slippages & SMA reduced in Q1FY26

#2 Loan & deposit growth at 5 percent QoQ despite MFI book decline

#3 Core cost/income improved to 73.8 percent from 75.5 percent QoQ

#4 NIM decline of 24bps QoQ was in-line & better than peers

The Sensex was down 414.97 points or 0.51 percent at 81,048.12, and the Nifty was down 116.80 points or 0.47 percent at 24,720.20. About 1188 shares advanced, 2330 shares declined, and 154 shares unchanged.

#1 Quarter was weak across key metrics

#2 Steep NIM compression & multi quarter high credit costs drove RoA below 2 percent

#3 Adjusted EPS declined 7 percent YoY despite 14 percent loan growth

#4 Credit cost surge & soft asset quality continue to weigh on valuation

#1 Downgrade driven by higher stressed asset creation and rising ECL coverage

#2 Expect a shift in market sentiment following cuts to cost of credit and earnings forecasts

SBI Cards & Payment Services was quoting at Rs 840.75, down Rs 48.30, or 5.43 percent.

It has touched an intraday high of Rs 864.85 and an intraday low of Rs 834.75.

It was trading with volumes of 105,298 shares, compared to its five day average of 132,322 shares, a decrease of -20.42 percent.

In the previous trading session, the share closed up 0.37 percent or Rs 3.25 at Rs 889.05.

The share touched a 52-week high of Rs 1,023.05 and a 52-week low of Rs 660.00 on 10 June, 2025 and 29 October, 2024, respectively.

Currently, the stock is trading 17.82 percent below its 52-week high and 27.39 percent above its 52-week low.

Market capitalisation stands at Rs 79,999.69 crore.

IndusInd Bank, Bharat Electronics, Adani Green Energy, Adani Total Gas, Bajaj Healthcare, Gail (India), JK Paper, KEC International, Mazagon Dock Shipbuilders, Motherson Sumi Wiring India, Nippon Life India Asset Management, NTPC Green Energy, Piramal Pharma, Quess Corp, RailTel Corporation of India, Torrent Pharmaceuticals, Vijaya Diagnostic Centre, and Waaree Energies will release quarterly earnings on July 28.

#1 Profit grows 2.5 percent to Rs 13.9 crore Vs Rs 13.6 crore

#2 Revenue rises 4.6 percent to Rs 1,545.7 crore Vs Rs 1,477.9 crore

Jain Irrigation Systems was quoting at Rs 50.40, down Rs 1.91, or 3.65 percent.

It has touched an intraday high of Rs 52.66 and an intraday low of Rs 50.37.

It was trading with volumes of 93,328 shares, compared to its five day average of 195,844 shares, a decrease of -52.35 percent.

In the previous trading session, the share closed up 0.44 percent or Rs 0.23 at Rs 52.31.

The share touched a 52-week high of Rs 83.35 and a 52-week low of Rs 47.40 on 21 January, 2025 and 09 May, 2025, respectively.

Currently, the stock is trading 39.53 percent below its 52-week high and 6.33 percent above its 52-week low.

Market capitalisation stands at Rs 97.24 crore.

#1 PAT was in-line; NII 4 percent above estimates

#2 NIM declined 4 bps QoQ but outperformed most peers

#3 Asset quality stable in MSME, but overseas account slippage a concern

#4 Expect moderating profitability ahead

Despite ongoing market volatility, GNG Electronics received an overwhelming investor response, with its IPO oversubscribed by 150 times. The strong demand, particularly from Qualified Institutional Buyers (QIBs) and Non-Institutional Investors (NIIs), underscores institutional confidence in the company’s robust fundamentals and long-term growth prospects. We believe this exceptional response was driven by attractive valuations, which offered compelling upside potential.

GNG is strategically positioned to capitalize on the rising demand for cost-effective and sustainable ICT solutions. Its fully integrated operations—spanning sourcing to after-sales service—combined with strong value-added reseller (VAR) partnerships with industry leaders like HP, Lenovo, and Microsoft, and ISO-certified high-capacity refurbishing facilities, provide a strong foundation for scalability and operational excellence.

Given the strong subscription demand and ongoing market sentiment, we expect a healthy listing gain in the range of 25% and above its issue price. For conservative investors, this presents an opportunity to book profits on listing day, capitalizing on initial momentum. However, for long-term or higher-risk investors, we believe GNG Electronics offers a compelling investment opportunity, underpinned by scalable operations, strong VAR alliances, and alignment with the growing needs of the SME ICT ecosystem. The company’s strategic positioning and fundamentals suggest sustainable growth potential well beyond initial listing gains.

For investors who did not receive allotment, we recommend accumulating on any post-listing dips, especially if short-term volatility arises due to broader market sentiment. GNG Electronics presents an attractive entry opportunity, backed by strong sectoral tailwinds and value-driven fundamentals. Its scalable business model and alignment with the evolving SME tech landscape position it well for sustained long-term growth.

#1 Profit increases 0.6 percent to Rs 146.1 crore Vs Rs 145.3 crore

#2 Revenue declines 2.6 percent to Rs 2,432.3 crore Vs Rs 2,496.9 crore

Whirlpool of India was quoting at Rs 1,381.50, down Rs 13.65, or 0.98 percent.

It has touched an intraday high of Rs 1,397.00 and an intraday low of Rs 1,352.00.

It was trading with volumes of 5,020 shares, compared to its five day average of 6,554 shares, a decrease of -23.41 percent.

In the previous trading session, the share closed down 1.21 percent or Rs 17.05 at Rs 1,395.15.

The share touched a 52-week high of Rs 2,450.00 and a 52-week low of Rs 899.00 on 22 October, 2024 and 03 March, 2025, respectively.

Currently, the stock is trading 43.61 percent below its 52-week high and 53.67 percent above its 52-week low.

Market capitalisation stands at Rs 17,527.34 crore.

#1 AUM grew 17 percent as expected; NIM rose QoQ but slightly below estimates due to rising liquidity drag

#2 GS3 fell QoQ; credit cost surprise positive in a tough quarter

#3 Stage 2 + 3 assets at 11.8 percent vs 11.4 percent QoQ

#4 Expect 16 percent AUM CAGR, NIM improvement, 19 percent EPS CAGR, 16 percent ROE over FY25–28

Shriram Finance was quoting at Rs 635.50, up Rs 20.20, or 3.28 percent.

It has touched an intraday high of Rs 638.95 and an intraday low of Rs 612.15.

It was trading with volumes of 185,588 shares, compared to its five day average of 218,912 shares, a decrease of -15.22 percent.

In the previous trading session, the share closed down 2.85 percent or Rs 18.05 at Rs 615.30.

The share touched a 52-week high of Rs 730.43 and a 52-week low of Rs 493.60 on 27 September, 2024 and 20 January, 2025, respectively.

Currently, the stock is trading 13 percent below its 52-week high and 28.75 percent above its 52-week low.

Market capitalisation stands at Rs 119,522.49 crore.

Indian rupee is trading flat at 86.52 per dollar versus Friday's close of 86.52.

Dhampur Bio Organics was quoting at Rs 83.90, down Rs 4.58, or 5.18 percent.

It has touched an intraday high of Rs 89.80 and an intraday low of Rs 82.49.

It was trading with volumes of 31,697 shares, compared to its five day average of 29,347 shares, an increase of 8.01 percent.

In the previous trading session, the share closed down 2.93 percent or Rs 2.67 at Rs 88.48.

The share touched a 52-week high of Rs 163.60 and a 52-week low of Rs 58.11 on 23 September, 2024 and 13 March, 2025, respectively.

Currently, the stock is trading 48.72 percent below its 52-week high and 44.38 percent above its 52-week low.

Market capitalisation stands at Rs 556.99 crore.

#1 Profit plunges 41.2 percent to Rs 288.3 crore Vs Rs 490 crore

#2 Revenue rises 1.7 percent to Rs 2,760 crore Vs Rs 2,714.5 crore

alkrishna Industries was quoting at Rs 2,706.75, up Rs 20.90, or 0.78 percent.

It has touched an intraday high of Rs 2,738.45 and an intraday low of Rs 2,595.45.

It was trading with volumes of 11,777 shares, compared to its five day average of 7,592 shares, an increase of 55.13 percent.

In the previous trading session, the share closed down 1.51 percent or Rs 41.10 at Rs 2,685.85.

The share touched a 52-week high of Rs 3,375.40 and a 52-week low of Rs 2,157.20 on 01 August, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 19.81 percent below its 52-week high and 25.48 percent above its 52-week low.

Market capitalisation stands at Rs 52,326.13 crore.

#1 Profit jumps 16.7 percent to Rs 484.8 crore Vs Rs 415.5 crore

#2 Net interest income grows 7 percent to Rs 1,465.5 crore Vs Rs 1,369.2 crore

#3 Gross NPA climbs to 3.50 percent Vs 3.37 percent, QoQ

#4 Net NPA rises to 0.82 percent Vs 0.79 percent, QoQ

#1 Profit declines 23.7 percent to Rs 102.4 crore Vs Rs 134.2 crore

#2 Revenue increases 0.6 percent to Rs 258.8 crore Vs Rs 257.4 crore

#1 Q1 volume rose 13 percent YoY, realisations higher even after rail price revisions

#2 Raw material costs & other opex higher

#3 EBITDA missed estimates by 16 percent

Steel Authority of India was quoting at Rs 126.85, down Rs 3.80, or 2.91 percent.

It has touched an intraday high of Rs 128.70 and an intraday low of Rs 124.35.

It was trading with volumes of 1,045,741 shares, compared to its five day average of 610,291 shares, an increase of 71.35 percent.

In the previous trading session, the share closed down 4.00 percent or Rs 5.45 at Rs 130.65.

The share touched a 52-week high of Rs 156.30 and a 52-week low of Rs 99.20 on 01 August, 2024 and 12 February, 2025, respectively.

Currently, the stock is trading 18.84 percent below its 52-week high and 27.87 percent above its 52-week low.

Market capitalisation stands at Rs 52,395.71 crore.

Tata Steel was quoting at Rs 160.20, down Rs 1.20, or 0.74 percent.

It has touched an intraday high of Rs 162.30 and an intraday low of Rs 160.20.

It was trading with volumes of 374,318 shares, compared to its five day average of 1,307,830 shares, a decrease of -71.38 percent.

In the previous trading session, the share closed down 1.25 percent or Rs 2.05 at Rs 161.40.

The share touched a 52-week high of Rs 170.20 and a 52-week low of Rs 122.60 on 30 September, 2024 and 13 January, 2025, respectively.

Currently, the stock is trading 5.88 percent below its 52-week high and 30.67 percent above its 52-week low.

Market capitalisation stands at Rs 199,986.18 crore.

#1 Q1 sales/EBITDA above estimates, driven by robust CDMO & FDF growth

#2 EBITDA margin improved to 24.3 percent on mixed improvements & operating leverage

#3 No quantitative topline guidance provided; but strong foundation laid for FY26 onwards

#4 Margins expected to improve through better asset utilisation, mix & productivity gains

QIB – 0.25 times

NII - 1.27 times

Retail – 5.60 times

Employee Reserved - 0.76 times

Reserve for shareholders - 2.31

Overall – 1.55 times

QIB – 00.01 times

NII - 3.23 times

Retail – 4.13 times

Overall – 2.76 times

#1 Q1FY26 in-line with estimates

#2 Optimistic on domestic growth recovery and US launches

#3 Revenues expected to rise in FY26 despite grevlimid decline

#4 EBITDA margin guidance at 23.5–24.5 percent

#1 Asset quality & margin pressure led to EPS cuts of 3–7 percent for FY26–28

#2 PAT supported by lower opex; NIMs saw a sharp decline; credit costs edge higher

#3 Core bank currently trades at approximately 1.9× FY27 BVPS with limited upside

Kotak Mahindra Bank was quoting at Rs 1,981.00, down Rs 143.95, or 6.77 percent.

It has touched an intraday high of Rs 2,056.05 and an intraday low of Rs 1,977.20.

It was trading with volumes of 216,380 shares, compared to its five day average of 130,179 shares, an increase of 66.22 percent.

In the previous trading session, the share closed down 0.77 percent or Rs 16.50 at Rs 2,124.95.

The share touched a 52-week high of Rs 2,301.55 and a 52-week low of Rs 1,679.10 on 22 April, 2025 and 13 November, 2024, respectively.

Currently, the stock is trading 13.93 percent below its 52-week high and 17.98 percent above its 52-week low.

Market capitalisation stands at Rs 393,900.05 crore.

#1 Company’s 2 percent workforce cut may lead to near-term execution slippages & higher long-term attrition

#2 Cost optimisation & ai-led productivity drive most deal wins

#3 Firms unable to gain share may resort to layoffs

#4 Remain selective; prefer Infosys, HCLTech, Coforge & Mphasis among large & midcaps

#1 Profit falls 1.8 percent to Rs 26.3 crore Vs Rs 26.8 crore

#2 Revenue rises 2.1 percent to Rs 168.9 crore Vs Rs 165.4 crore

RPG Life Sciences was quoting at Rs 2,290.00, down Rs 191.35, or 7.71 percent.

It has touched an intraday high of Rs 2,394.55 and an intraday low of Rs 2,236.00.

It was trading with volumes of 4,520 shares, compared to its five day average of 1,363 shares, an increase of 231.72 percent.

In the previous trading session, the share closed down 1.35 percent or Rs 33.90 at Rs 2,481.35.

The share touched a 52-week high of Rs 2,976.70 and a 52-week low of Rs 1,772.05 on 15 October, 2024 and 07 April, 2025, respectively.

Currently, the stock is trading 23.07 percent below its 52-week high and 29.23 percent above its 52-week low.

Market capitalisation stands at Rs 3,787.43 crore.

#1 Profit spikes 459.4 percent to Rs 205.4 crore Vs Rs 36.7 crore

#2 Revenue increases 24.4 percent to Rs 866.5 crore Vs Rs 696.3 crore

Orient Cement was quoting at Rs 254.25, up Rs 1.35, or 0.53 percent.

It has touched an intraday high of Rs 268.00 and an intraday low of Rs 253.35.

It was trading with volumes of 658,259 shares, compared to its five day average of 96,244 shares, an increase of 583.95 percent.

It was trading with volumes of 658,259 shares, compared to its thirty day average of 87,430 shares, an increase of 652.90 percent.

In the previous trading session, the share closed down 1.50 percent or Rs 3.85 at Rs 252.90.

The share touched a 52-week high of Rs 379.40 and a 52-week low of Rs 221.60 on 22 October, 2024 and 24 June, 2025, respectively.

Currently, the stock is trading 32.99 percent below its 52-week high and 14.73 percent above its 52-week low.

Market capitalisation stands at Rs 5,223.82 crore.

#1 Profit zooms over 9-fold to Rs 744.6 crore Vs Rs 81.8 crore

#2 Revenue grows 8 percent to Rs 25,921.8 crore Vs Rs 23,997.8 crore

Steel Authority of India was quoting at Rs 124.85, down Rs 5.80, or 4.44 percent.

It has touched an intraday high of Rs 128.70 and an intraday low of Rs 124.35.

It was trading with volumes of 765,565 shares, compared to its five day average of 610,291 shares, an increase of 25.44 percent.

In the previous trading session, the share closed down 4.00 percent or Rs 5.45 at Rs 130.65.

The share touched a 52-week high of Rs 156.30 and a 52-week low of Rs 99.20 on 01 August, 2024 and 12 February, 2025, respectively.

Currently, the stock is trading 20.12 percent below its 52-week high and 25.86 percent above its 52-week low.

Market capitalisation stands at Rs 51,569.61 crore.

#1 Slower free cash flow generation & muted Q2 guidance may limit immediate upside

#2 Pre sales came in at Rs 4,450 crore, with embedded EBITDA margin at 33 percent

#3 In Q1FY26, projects launched have potential GDV of Rs 8,300 crore

#4 Remaining launches of Rs 17,100, crore planned in FY26 to meet Rs 21,000 crore pre sales target

#5 Collection growth over the coming quarters will be the main stock driver

Lodha Developers was quoting at Rs 1,239.20, down Rs 40.10, or 3.13 percent.

It has touched an intraday high of Rs 1,280.15 and an intraday low of Rs 1,191.35.

It was trading with volumes of 128,502 shares, compared to its five day average of 374,709 shares, a decrease of -65.71 percent.

#1 Q1 PAT beat estimates by 16 percent, driven by higher trading income

#2 Core metrics remain weak

#3 Reported NIMs declined 24 bps QoQ

#4 Core fee growth was tepid at 9 percent YoY, revenue growth of 6 percent YoY was 3 percent below estimate

#5 Opex growth of 11 percent YoY was a positive surprise

The Sensex was down 118.68 points or 0.15 percent at 81,344.41, and the Nifty was down 22.65 points or 0.09 percent at 24,814.35. About 1460 shares advanced, 2013 shares declined, and 150 shares unchanged.

#1 Profit plunges 23.8 percent to Rs 841.9 crore Vs Rs 1,105.5 crore

#2 Revenue declines 11.4 percent to Rs 11,879.9 crore Vs Rs 13,415.1 crore

#1 Profit sinks 93.7 percent to Rs 0.7 crore Vs Rs 9.4 crore

#2 Revenue drops 2.5 percent to Rs 411 crore Vs Rs 421.4 crore

Prataap Snacks was quoting at Rs 979.20, down Rs 16.75, or 1.68 percent.

It has touched an intraday high of Rs 987.15 and an intraday low of Rs 959.45.

It was trading with volumes of 2,827 shares, compared to its five day average of 2,957 shares, a decrease of -4.39 percent.

In the previous trading session, the share closed down 0.92 percent or Rs 9.20 at Rs 995.95.

The share touched a 52-week high of Rs 1,295.45 and a 52-week low of Rs 782.00 on 28 April, 2025 and 13 August, 2024, respectively.

Currently, the stock is trading 24.41 percent below its 52-week high and 25.22 percent above its 52-week low.

Market capitalisation stands at Rs 2,337.69 crore.