NLC India, Godrej Industries, Cipla Lead Gainers; Kaynes Technology, GRSE and Data Patterns Drag

The Indian equity market continued its rally on Thursday, following bullish sentiments from the Asian market, and company-wise buying post-earnings declaration. While the Nifty 50 was up 0.28% at 23,480.50, the Sensex rose 0.2% to reach 74,757.36 in intraday trading. Nevertheless, gains have been limited by weak rupee, high oil rates, and outflow of funds from foreign portfolios. 

In the stock market, NLC India, Godrej Industries, and Cipla were among the top gainers, while Kaynes Technology, GRSE, and Data Patterns were the biggest losers.

NLC India Surges 15% After Strong Q4FY26 Results

NLC India became one of the major gainers in Nifty 500, gaining 15 percent amidst high volumes. About 3.55 crore shares were bought/sold on the NSE compared to the 30-day average volume of 54.3 lakh.

NLC India is a Navratna Public Sector company engaged in the business of lignite mining and generating thermal and renewable power.

This surge came after strong fourth-quarter FY26 earnings performance. Consolidated income increased by 31 percent year-on-year to ₹5,042 crore due to mining and thermal power segments. Operating margins jumped to 30.4 percent from 23.7 percent last year. Profit after tax almost doubled to ₹1,481 crore from ₹468 crore recorded in Q4FY25. NLC also declared a dividend of ₹0.25 per share.

Godrej Industries Gains 12% On Growth Optimism

Godrej Industries rose by 12% amid heavy trade volume at 12.5 lakh shares, up from the 30-day average of 5.54 lakh shares.

Godrej Industries is the parent company of the Godrej Group, which operates in diverse sectors such as chemicals, real estate, consumer goods, agriculture, and financial services.

No immediate earnings catalysts were reported; however, investors’ sentiment was buoyed following recent leadership changes and growth objectives. In April, it was reported that Pirojsha Godrej will succeed Nadir Godrej as the chairperson.

Subsequently, the group unveiled aggressive five-year objectives, including more than 15% compounded annual growth rate in sales and 20% earnings per share growth. Additionally, it aims for a business return on equity of over 18%, along with a market cap of ₹5 lakh crore collectively. The stock price appreciated ahead of its quarterly earnings report, due for release tomorrow.

Cipla Jumps 8% Despite Weak Q4 Earnings

Pharma major Cipla saw a rally to 8% with volume crossing 41.59 lakh shares against the average of 18.84 lakh shares over the previous 30 days.

Cipla is among India’s prominent pharma firms operating in the space of respiratory, oncology, and chronic therapies.

The stock advanced amid poor Q4FY26 results as investors paid attention to robust FY27 guidance from the firm. Sales were down 3% YoY at ₹6,541 crore. India revenue was up 15%, but North American revenue was down 26% YoY.

EBITDA came lower by 35% at ₹997 crore while margin was lower at 15.2% compared to 22.9% a year back. Profit after tax was down by 54.6% to ₹555 crore. Cipla declared a dividend of ₹13 per share.

However, the future was rosy for the management. Cipla expects North America revenue to be a $1 billion run-rate company by FY27, and the Indian operations will grow by double-digit growth with margins improving to 18.5%-20%.

Kaynes Technology Crashes Nearly 19%

Kaynes Technology emerged as the worst performer in the Nifty 500 stock index, dropping by around 18.95 percent following weak fourth-quarter results.

Kaynes Technology is a manufacturing service company focusing on electronic products for automotive, aerospace, defense, and industries.

It witnessed a net profit decline of 21.5 percent to ₹91.2 crore, although revenues surged by 26 percent to ₹1,242.6 crore. EBITDA margins narrowed to 15.6 percent compared to 17.1 percent.

GRSE and Data Patterns Fall On Profit Booking

GRSE slipped by nearly 6%, and Data Patterns dropped by more than 5%.

GRSE is into building warships and ships for the Indian Navy and Coast Guard, whereas Data Patterns manufactures defence and aerospace electronic systems.

No trigger news was associated with these stocks. The fall can be attributed to profit booking in defence stocks following their recent rally, combined with general market fear due to rising oil prices and a weak rupee.