Summary:
Indian markets traded higher on June 10, supported by improving global sentiment and gains in heavyweight stocks. CarTrade Tech, CCL Products and Afcons Infrastructure emerged as top gainers on strong business developments and order wins. Meanwhile, HFCL, Jain Irrigation Systems and Data Patterns witnessed profit booking and sector-led weakness.
Indian equity markets traded higher on June 10, supported by improving global risk sentiment following a pause in Israel-Iran hostilities and strength in heavyweight stocks. The benchmark Nifty 50 advanced nearly 0.6%, while the Sensex gained around 0.7% in early trade. Market sentiment also received a boost after Reliance Industries benefited from Meta Platforms’ announcement of its first AI-enabled data centre partnership in India, under which the social media giant will lease capacity from a data centre being developed by the Mukesh Ambani-led company.
Amid the positive market environment, several Nifty 500 stocks witnessed strong price and volume action. CarTrade Tech, CCL Products (India), and Afcons Infrastructure emerged as the top gainers, while HFCL, Jain Irrigation Systems, and Data Patterns (India) figured among the key laggards.
CarTrade Tech Rallies on OLX India Growth
CarTrade Tech surged 9%, making it one of the top-performing stocks in the Nifty 500 index. Trading activity remained robust, with NSE volumes rising to 12.5 lakh shares compared with the 30-day average volume of 8.95 lakh shares.
The rally was driven by strong business momentum at OLX India, where elite buyer sign-ups crossed 80,000 in May 2026 for the first time. Management indicated that the programme has started contributing to revenue growth and could become a significant earnings driver in the coming years. The development supports the company’s long-term goal of generating ₹1,000 crore in net profit within the next four to five years, compared with ₹243 crore reported in FY26. The stock has gained nearly 25% over the last four trading sessions.
CCL Products Extends Gains After Strong Q4FY26
CCL Products (India) gained 7% as investors continued to react positively to the company’s strong earnings performance. Trading volumes jumped to 10.61 lakh shares, more than double the 30-day average of 4.82 lakh shares.
While there was no fresh corporate announcement, the stock remained supported by its Q4FY26 results. Revenue increased to ₹1,224 crore from ₹836 crore in the corresponding period last year, while net profit rose nearly 13% to ₹115 crore. The company has also guided for 15% volume growth and EBITDA growth in FY27, encouraging investors to continue accumulating the stock.
Afcons Infrastructure Jumps on ₹5,301 Crore Order
Afcons Infrastructure advanced 9% after securing a major infrastructure contract. NSE trading volumes surged to 1.88 crore shares, more than ten times its 30-day average.
The company received a letter of award from Vadhvan Port Project Limited for constructing a 10.14-kilometre breakwater at the upcoming Vadhvan Port in Maharashtra. The project, valued at ₹5,301 crore, will create the world’s second-longest breakwater upon completion. The order significantly strengthens the company’s order book and improves revenue visibility.
HFCL, Jain Irrigation and Data Patterns Under Pressure
HFCL was among the biggest losers, falling 5% to ₹169.11 despite heavy volumes of 1.44 crore shares. The decline was largely attributed to profit booking after the stock had rallied more than 160% in 2026. Elevated valuations and overbought technical indicators also weighed on sentiment.
Jain Irrigation Systems declined 4.5% to ₹352. The stock remained under pressure amid concerns over profitability and debt levels. The company recently reported a quarterly loss despite revenue growth, and the stock continues to trade well below its 52-week high.
Data Patterns (India) fell more than 4% to ₹4,371, with volumes exceeding 17 lakh shares. In the absence of any major company-specific announcement, the decline appeared to be driven by profit booking and broader weakness across technology and defence-related stocks after recent gains.
Conclusion
Volume-backed buying helped CarTrade Tech, CCL Products (India), and Afcons Infrastructure emerge as the standout gainers on June 10. CarTrade benefited from strong user growth, CCL Products continued to attract investors after solid earnings, and Afcons rallied on a significant ₹5,301 crore contract win. Meanwhile, HFCL, Jain Irrigation Systems, and Data Patterns faced selling pressure primarily due to profit booking and broader market factors rather than fresh negative developments.
