Adani Total Gas, BlueJet and CemIndia Projects Lead Gainers; Techno Electric, CONCOR and Poly Medicure Drag

Indian equity benchmarks traded on a muted note on Tuesday as investors remained cautious amid fresh geopolitical tensions after renewed U.S. strikes reduced hopes of an immediate peace agreement with Iran. The Nifty 50 rose 0.11% to 24,057.95, while the Sensex gained 0.06% to 76,535.45 during early trade. Despite the range-bound market, several Nifty 500 stocks witnessed sharp moves driven by earnings, corporate developments and heavy trading volumes.

Adani Total Gas Surges 11%

Adani Total Gas was among the top gainers in the Nifty 500 as the city gas distribution company rallied nearly 11%, extending gains for the fourth consecutive session. NSE trading volume jumped sharply to 1.39 crore shares compared to the 30-day average of 35.31 lakh shares.

The stock has surged around 18% over the last four trading sessions after reports suggested that the U.S. Department of Justice dropped criminal fraud charges against Gautam Adani and other officials. Strong quarterly earnings also supported sentiment. The company reported a 16% rise in Q4FY26 revenue to ₹1,549 crore, while net profit increased 5% to ₹156 crore.

BlueJet Healthcare Climbs on Strong Quarterly Recovery

BlueJet Healthcare shares jumped 9% amid heavy buying activity. The company operates as a contract development and manufacturing organisation (CDMO) for pharmaceutical and specialty chemical products.

Volumes rose to 22.55 lakh shares on the NSE against the 30-day average of 5.7 lakh shares. The rally followed a strong sequential recovery in earnings. Q4FY26 revenue rose 22% quarter-on-quarter to ₹235 crore, while EBITDA surged 52% to ₹71 crore. Net profit increased 60% sequentially to ₹64 crore, supported by margin expansion.

Although FY26 remained weak due to customer destocking and inventory normalisation, the company expects business conditions to improve in the coming quarters.

CemIndia Projects Gains After Robust Earnings

CemIndia Projects advanced around 9% after reporting strong March quarter numbers. The infrastructure and engineering company saw volumes rise to 10.89 lakh shares against the five-day average of 3.6 lakh shares.

The company reported a 17% year-on-year rise in Q4FY26 revenue to ₹2,973 crore. EBITDA jumped 66% to ₹450 crore, while net profit surged 114% to ₹242 crore. Investors also reacted positively to the company’s strong order book of ₹24,545 crore at the end of FY26.

Techno Electric Leads Losers

Techno Electric & Engineering Company declined over 12%, emerging as one of the top losers in the Nifty 500. The company provides engineering and power infrastructure solutions.

No major company-specific trigger was reported for the decline. The fall appears largely due to profit booking after a strong rally in recent sessions.

CONCOR Falls After Weak Q4 Results

Container Corporation of India (CONCOR), India’s leading rail logistics operator, fell more than 6% after disappointing quarterly earnings.

The company reported nearly a 10% year-on-year decline in consolidated net profit to ₹259 crore in Q4FY26. Weak profitability in the domestic logistics segment and softer margins weighed on investor sentiment.

Poly Medicure Slips on Margin Concerns

Poly Medicure shares declined close to 6%. The company manufactures medical devices and healthcare consumables.

The stock fell after the company reported a 27.8% year-on-year decline in consolidated net profit to ₹66.3 crore during the March quarter. Investors remained concerned over margin pressure despite healthy revenue growth.

Overall, stock-specific action dominated the market, with strong earnings and positive developments lifting select counters, while weak results and profit booking dragged others lower.