Gainers & Losers: Top 10 stocks that moved the most on July 24

Benchmark indices Nifty and Sensex came under sharp pressure by mid-day on July 24 and ended the session on a weak note after a steep selloff in IT, oil & gas, and banking stocks weighed heavily on market sentiment. The pain was even more pronounced in the broader market, with the Midcap and Smallcap 100 indices seeing deeper losses.

IEX | CMP Rs 135 | Shares sank 28 percent after reports suggested that the Central Regulatory Electricity Commission approved the implementation of power coupling with the Day Ahead Market (DAM). As part of the first phase of the new regulations, the Day-Ahead Market (DAM) will be coupled by January 2026. In this system, various power exchanges will take turns serving as Market Coupling Operators (MCOs) through a round-robin arrangement.

Persistent Systems | CMP Rs 5,175 | Shares tanked 8 percent after its June quarter results scame in under expectations in an uncertain macro environment. Persistent Systems' revenue for the quarter grew 3.9 percent or 3.3 percent in constant currency terms to $389.7 million. The revenue growth was led by the BFSI arm.

Trent | CMP Rs 5,148 | Shares fell 4 percent after global brokerage Goldman Sachs downgraded the stock and slashed its price target. The brokerage noted that while Trent’s value fashion brand Zudio continues to grow faster than the broader apparel market, the pace of market share gains may be slower than previously anticipated.

Dr Reddy's Labs | CMP Rs 1,269 | Shares of Dr Reddy's Laboratories gained over 2 percent after its consolidated net profit increased nearly 2 percent year-on-year to Rs 1,418 crore during the June quarter. Revenue increased 11.4 percent to Rs 8,545 crore for the period under review. Following Q1, Jefferies, CLSA, and Morgan Stanley dished out bearish calls on the stock.

Tata Consumer Products | CMP Rs 1,073 |Shares rose as much as 2 percent after it reported a net profit of Rs 334 crore for the first quarter of the financial year 2026. This marks a 15 percent on-year jump from the Rs 290 crore net profit reported in the corresponding quarter of the previous financial year. Nomura and Morgan Stanley remain bullish on the stock.

Coforge | CMP Rs 1,680 | The shares tanked over 9 percent even as its first-quarter results outperformed expectations and stood out amid a tepid showing by industry peers. The midcap IT firm posted an 8 percent growth in revenue in constant currency terms for the June quarter. The performance also sharply contrasted with Persistent Systems and LTIMindtree, which reported CC growth of 3.3 percent and 0.8 percent, respectively.

Senores Pharma | CMP Rs 681 | Shares of the pharma company surged as much as 15 percent on July 24 after the company reported a strong set of earnings for the June quarter. The performance was led by robust revenue and profit growth, along with a broad-based expansion across key geographic markets.

Mazagon Dock Shipbuilders | CMP Rs 2,957 | The shares gained as much as 2 percent on July 24 after it announced it had entered into a formal agreement with international defence manufacturer Naval Group for the transfer of technology to install indigenous energy system plugs on the Indian Navy’s Kalvari-class submarine.

Nestle India | CMP Rs 2,316 | Shares of the FMCG major fell 6 percent on July 24 after the Maggi-maker reported a 13.4% year-on-year (YoY) decline in its profit after tax for the first quarter of FY26, with the company citing elevated commodity prices and rising operational costs as key drags on profitability.

Tilaknagar Industries | CMP Rs 495 | The shares hit a fresh record high on July 24 after it had signed definitive documents to acquire the Imperial Blue whiskey business division for an enterprise value of Rs 4,150 crore from the Indian arm of French liquor giant Pernod Ricard.