Summary:
HFCL, Titagarh Rail Systems, and Emmvee shares rallied sharply on strong earnings, railway procurement expectations, and renewable energy growth optimism. The broader market gained after crude oil prices fell below $100 per barrel amid hopes of progress in US-Iran peace talks. Meanwhile, Shipping Corporation of India and Timken India witnessed profit booking despite positive market sentiment.
Indian equity benchmarks traded higher on May 25 as easing crude oil prices and hopes of progress in Iran-U.S. peace negotiations boosted investor sentiment. Brent crude slipped below $100 per barrel for the first time in over two weeks after U.S. President Donald Trump said Washington and Iran had “largely negotiated” a memorandum to reopen the Strait of Hormuz.
The benchmark Nifty 50 rose 0.94% to 23,941.85, while the Sensex gained 1.02% to 76,194.32 during morning trade. The broader Nifty 500 index also advanced 1.03%.
HFCL, a telecom products and optical fiber cable manufacturer, emerged as one of the top gainers in the Nifty 500 index. The stock jumped 10% with strong trading volumes after reporting robust Q4FY26 earnings. More than 5.25 crore shares were traded on the NSE against the five-day average of 4.22 crore shares.
The company reported revenue of ₹1,824 crore in Q4FY26, compared to ₹801 crore a year ago. EBITDA stood at ₹337 crore against a loss of ₹22 crore in Q4FY25, while net profit came in at ₹184 crore versus a loss of ₹83 crore last year. HFCL’s order book stood at ₹21,206 crore, supported by strong global demand for optical fiber cables and data center connectivity solutions. The company also plans to expand fiber capacity by 8 million fiber kilometers annually.
Titagarh Rail Systems, a manufacturer of freight wagons and railway rolling stock, gained 9% amid heavy trading activity. Around 31.67 lakh shares were traded on the NSE compared to the 30-day average of 16.20 lakh shares.
The rally followed reports that Indian Railways may launch a ₹40,000 crore tender to procure one lakh freight wagons over the next three to four years. Investors also remained optimistic ahead of the company’s Q4FY26 earnings announcement scheduled for May 30.
Emmvee, an integrated solar PV module and cell manufacturer, climbed 7% after reporting strong quarterly earnings. The company posted 62% year-on-year revenue growth to ₹1,739 crore in Q4FY26, while EBITDA rose 58% to ₹571 crore. Net profit surged 89% to ₹392 crore.
The company also reported strong FY26 performance with 116% growth in revenue and 193% rise in net profit. Emmvee is expanding its solar cell manufacturing capacity to 8.9 GW from 2.9 GW and module capacity to 16.3 GW from 10.3 GW.
Shipping Corporation of India, India’s largest shipping company engaged in tanker and container shipping operations, declined more than 4%. The fall was largely attributed to profit booking, as no major company-specific trigger emerged.
Sarda Energy & Minerals, which operates in steel, ferro alloys and power generation businesses, slipped nearly 4% amid weakness in metal stocks.
Timken India, a manufacturer of industrial bearings and motion products, fell over 3% due to profit booking after recently touching its 52-week high.
Strong earnings, railway procurement expectations and optimism surrounding telecom and renewable energy demand supported gains in stocks like HFCL, Titagarh Rail Systems and Emmvee. Meanwhile, SCI, Sarda Energy and Timken India witnessed declines mainly due to market-driven profit booking despite the broader market rally.

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