MRPL, Emmvee and HSCL emerged among the top gainers on July 16 after reporting strong Q1FY27 earnings, supported by robust revenue and profit growth. On the losing side, ICICI Lombard, Signature Global and HDFC AMC declined amid weak quarterly results, valuation concerns and profit booking. Overall, earnings remained the key driver of stock-specific movements.
Equity markets in India had a positive start on Thursday, July 16, amid the gains witnessed in the IT stocks which mitigated the losses seen in financial stocks owing to underwhelming results announced by certain companies. Nevertheless, the existing geopolitical uncertainties in the Middle East restricted investor sentiment.
The Nifty 50 index was up by 0.17% at 24,120.05 and the Sensex was up by 0.20% at 77,336.71 at 10:33 am IST. The best performers in the market included MRPL, Emmvee and HSCL, while the worst performers were ICICI Lombard General Insurance, Signature Global and HDFC AMC.
MRPL Share Price Surges 12% After Strong Q1FY27 Performance
Mangalore Refinery and Petrochemicals Ltd (MRPL), a wholly-owned subsidiary of Oil & Natural Gas Corp (ONGC), is an oil refinery engaged in processing crude oil into various petroleum products like diesel, petrol, aviation turbine fuel and others.
Stock of MRPL zoomed by more than 12% on July 16, making it one of the biggest gainers among stocks of the Nifty 500 stock basket. There was good demand for the stock as trading volume increased to 9.3 crore shares from its 30-day average trading volume of 84.35 lakh shares.
This stock was up mainly on the back of excellent Q1FY27 results. MRPL has posted revenue doubling to ₹41,609 crore in the June quarter from ₹20,989 crore in Q1FY26. EBITDA has been more than 9 times at ₹1,860 crore compared to ₹218 crore.
Its net profit stood at ₹915 crore as against a loss of ₹272 crore in Q1FY26. Operational performance along with better refining margins boosted Chennai Petroleum Corporation, which was up over 9% despite heavy volumes.
Emmvee Share Price Gains 9% After Profit More Than Doubles
On July 16, Emmvee Photovoltaic Power Ltd, which operates as an integrated solar photovoltaic power manufacturing company that makes solar modules and cells, was up by 9% after its quarterly earnings results.
Its total revenue in the first quarter of FY27 had risen 51% to ₹1,555.5 crore from the prior period. Its EBITDA had risen by 56% to ₹548.1 crore and its EBITDA margin stood at 35.2%. Its net income was up 103% at ₹380.3 crore.
Its solar cell capacity utilisation rose to 83% from 68% in the first quarter of FY26 and 79% in Q4FY26. Its module capacity utilisation rose to 45%. The company had a record book of orders for 9.9 GW.
Emmvee is developing a 6 GW integrated TOPCon cell and module manufacturing plant where module production is set for December 2026 and cell production for March 2027. The company will be able to raise its module capacity to 16.3 GW and cell capacity to 8.9 GW by FY28.
HSCL Share Price Rises 7% After Strong Earnings Growth
Himadri Speciality Chemical Ltd (HSCL), a speciality chemical producer that makes carbon-based materials and battery-based goods, went up by 7% on the back of good results for Q1FY27.
Its revenue climbed 28% from the same period last year to ₹1,432 crore, while its EBITDA grew 33% to ₹313 crore. The EBITDA margin widened by 80 basis points to 21.8%, and its net income climbed 27% to ₹228 crore.
HSCL has set up a 200 MTPA anode production facility in April 2026 and is diversifying itself in LFP Cathode Active Materials. Its 2,000 MTPA commercial facility is scheduled in Q3FY2
ICICI Lombard, Signature Global and HDFC AMC Decline
ICICI Lombard General Insurance shares fell sharply by 11.28% to ₹1,609.90 following poor Q1FY27 performance. The stock closed at ₹1,544.60 as volumes crossed 93.17 lakh. The net profit for the quarter slipped by 46% year-on-year to ₹403 crore owing to an increase in claim, fire insurance loss, and motor insurance provision. The combined ratio moved up to 107.2%.
The shares of Signature Global India dropped 4.82% to ₹801.15, amid selling interest without any major news from the company during the day.
HDFC AMC shares tumbled 4.55% to ₹2,605 as the company registered a 12% year-on-year growth in net profit for Q1FY27. Valuation risk and margin pressure affected investor sentiment. The stock witnessed volume of 19.03 lakh.
In conclusion, strong Q1FY27 profits boosted performance in MRPL, Emmvee, and HSCL while poor performance pulled down ICICI Lombard, Signature Global, and HDFC AMC.
