Top gainers today included Nuvoco Vistas, Ather Energy and L&T Technology Services (LTTS) on the back of strong earnings, expansion plans and strategic business developments. Meanwhile, Patanjali Foods, Tata Elxsi and JSW Infrastructure declined amid profit booking and broader market-driven selling pressure.
Indian equity markets traded higher on Wednesday, supported by positive global cues after softer-than-expected US inflation data reduced concerns over aggressive interest rate hikes. The improvement in global sentiment helped Asian markets, while financial stocks led the domestic market recovery. The beginning of the June quarter earnings season also boosted investor confidence.
However, gains remained limited due to rising US-Iran tensions and uncertainty around the Strait of Hormuz, which kept crude oil prices elevated. Brent crude prices increased 1.1% to $85.7 per barrel. The Nifty 50 gained 0.62% to 24,200.20, while the Sensex advanced 0.67% to 77,575.45 by 10:18 AM IST.
Nuvoco Vistas Share Price Surges 13%
Nuvoco Vistas, a leading building materials company engaged in cement, ready-mix concrete and construction solutions, emerged among the top gainers in the Nifty 500 for the second consecutive session. The stock price jumped more than 13% on July 15, supported by strong trading volumes after the company announced its Q1FY27 results and delivered a positive business outlook.
Trading activity increased significantly, with NSE volumes reaching 1.92 crore shares compared with the 30-day average volume of 9.82 lakh shares. The stock had already gained 7.6% on July 14 following its quarterly earnings announcement.
Nuvoco Vistas reported a 9% year-on-year rise in revenue to ₹3,129 crore in Q1FY27, supported by a 5% increase in sales volume. EBITDA grew 7% to ₹572 crore, while margins improved to 18.3%. Net profit surged 20.3% year-on-year to ₹160 crore.
Investor sentiment also improved after the company commissioned its 2 MMTPA grinding unit at the Limla cement plant ahead of schedule. Its Kutch facility is expected to begin operations in Q3FY27, while the bulk cement terminal at Viramgam, Gujarat, is targeted for commissioning by Q2FY28. These projects support Nuvoco’s plan to increase cement capacity to 35 MMTPA by FY28 from the current 27 MMTPA.
Ather Energy Share Price Gains 9%
Ather Energy gained 9% on July 15 amid strong buying interest after shareholders approved a ₹1,500 crore fundraising plan on July 14. NSE volumes rose to 85.2 lakh shares, nearly double the 30-day average volume of 43.61 lakh shares.
The company’s upcoming “EL Platform”, scheduled for launch on August 29, also supported investor confidence. The platform is expected to target the mass-market electric scooter segment priced between ₹1 lakh and ₹1.25 lakh, helping Ather expand beyond its premium segment.
LTTS Share Price Rises 9%
L&T Technology Services (LTTS) gained 9% after announcing a partnership with artificial intelligence company Anthropic and reporting strong Q1FY27 results. The stock recorded NSE volumes of 13.1 lakh shares against the 30-day average volume of 1.36 lakh shares.
LTTS will integrate Anthropic’s Claude AI models into its engineering workflows and AI-powered platforms. L&T Technology Services (LTTS) reported revenue growth of 11.5% year-on-year to ₹2,940.1 crore, while EBITDA increased 24.4% to ₹548.3 crore. EBITDA margins expanded by 200 basis points to 18.7%, and net profit rose 13% to ₹356.6 crore.
During the quarter, LTTS secured multiple large deals, including one contract above $30 million, one above $20 million and four deals exceeding $10 million. The company retained its long-term growth target of 13-15% CAGR with EBIT margins of 16-17% over the next five years.
Patanjali Foods Share Price Falls 16%
Patanjali Foods emerged as one of the biggest losers in the Nifty 500, declining 16% to ₹342.35. The stock touched a 52-week low of ₹340.65, with NSE trading volume reaching 2.98 crore shares. The decline was mainly driven by profit booking and weak investor sentiment, with no major company-specific announcement reported.
Tata Elxsi and JSW Infrastructure Decline
Tata Elxsi declined 5% to ₹3,512.70 amid continued weakness due to concerns over growth expectations and valuation levels in the IT services segment. The stock saw 10.88 lakh shares traded on the NSE.
JSW Infrastructure fell 2.53% to ₹338.45, with trading volume of 8.94 lakh shares. The decline was largely attributed to short-term market pressure and profit booking, with no significant company-specific trigger.
Overall, Nuvoco Vistas, Ather Energy and LTTS attracted buying interest due to earnings growth, expansion plans and strategic developments, while Patanjali Foods, Tata Elxsi and JSW Infrastructure faced selling pressure amid market-driven factors and investor sentiment.
