Summary:
Indian markets turned negative during the afternoon session on June 1 amid concerns over the US-Iran situation. Wockhardt, PTC Industries and NMDC Steel emerged as the top gainers after strong earnings and business developments. Meanwhile, JP Power, RHI Magnesita and Inox Wind witnessed sharp declines following corporate disclosures and weaker-than-expected quarterly results.
The Indian equity benchmarks gave up early gains and slipped into the red during Monday’s afternoon session on June 01, 2026, amid lingering concerns over the US-Iran deal. The Nifty 50 was down 22 points, or 0.10%, while the Sensex slipped 62 points, or 0.08%.
In the Nifty 500 pack, Wockhardt, PTC Industries and NMDC Steel were among the top gainers, while JP Power, RHI Magnesita and Inox Wind were among the major losers.
Wockhardt was among the leading gainers in the Nifty 500, with the stock rising as much as 20% on June 01, supported by strong trading volumes on the NSE. The stock has gained nearly 55% over the last five trading sessions. The rally followed strong Q4FY26 earnings, where revenue grew 30% YoY to ₹965 crore, EBITDA rose 147% to ₹196 crore, and EBITDA margin stood at 20.3%. The company reported a net profit of ₹164 crore against a loss of ₹45 crore in Q4FY25. For FY26, revenue rose 11%, EBITDA increased 51%, and net profit stood at ₹199 crore against a loss of ₹57 crore in FY25. The stock also gained attention after Wockhardt’s novel drug ZAYNICH received marketing authorisation from the Indian drug regulator, followed by US FDA approval on May 31.
PTC Industries also featured among the top gainers in the Nifty 500, with the stock rising as much as 18% on Monday. The move followed a sharp improvement in quarterly earnings. Revenue increased 85% YoY to ₹225 crore in Q4FY26. Operating profit rose 152% to ₹73 crore, while margin expanded by 800 basis points to 32%. Net profit more than doubled to ₹60 crore from ₹25 crore in Q4FY25. For FY26, the company reported 96% revenue growth and 67% growth in net profit.
NMDC Steel rose as much as 18% intraday after the company reported a turnaround in Q4FY26. Revenue increased 37% YoY to ₹3,879 crore. The company posted a net profit of ₹392 crore against a loss of ₹473 crore in Q4FY25. Operating margin improved to 21.45% from a negative 9.57% in the same quarter last year.
Jaiprakash Power Ventures was among the top losers in the Nifty 500, with the stock falling nearly 13% on Monday. The decline followed Adani Power’s disclosure regarding the creation of encumbrance on shares of Jaiprakash Power Ventures under SEBI SAST Regulations, 2011. Adani Power holds 1,64,48,30,118 equity shares in the company, representing 24% of total share capital. It created a pledge over 1,20,05,09,431 shares, equal to 17.517% of total share capital, and a non-disposal undertaking over 10,21,88,566 shares, equal to 1.49%. The encumbrance was created in favour of IDBI Trusteeship Services Limited. After the transaction, the total encumbered holding stood at 1,30,26,97,997 shares, or 19.01% of Jaiprakash Power Ventures’ total share capital.
RHI Magnesita India fell 11% on Monday after its Q4FY26 results showed pressure on sequential performance. Revenue from operations stood at ₹932.26 crore, down 14.6% from ₹1,092.01 crore in Q3FY26. Adjusted EBITDA declined 24.6% to ₹113.06 crore from ₹149.96 crore, while adjusted EBITDA margin stood at 12.1% against 13.7% in the previous quarter. Profit before exceptional items fell 39.3% to ₹54.07 crore. The company reported an exceptional item of ₹557.10 crore, mainly due to impairment of goodwill on acquired assets worth ₹556.24 crore and labour code impact of ₹0.86 crore. As a result, it posted a loss after tax of ₹518.11 crore against a profit after tax of ₹61.56 crore in Q3FY26. For FY26, revenue rose 9.4% to ₹4,019.95 crore, while adjusted EBITDA declined 5.6% to ₹476.89 crore.
Inox Wind share price slipped 8% on Monday. The company’s consolidated total income revenue stood at ₹1,306 crore in Q4FY26, down 1% from ₹1,316 crore in Q4FY25. Consolidated EBITDA, excluding ECL provisions and other one-time charges, declined 6% to ₹333 crore from ₹356 crore. Profit before tax fell 22% to ₹216 crore, profit after tax declined 45% to ₹106 crore, and cash PAT fell 17% to ₹268 crore. For FY26, total income increased 23% to ₹4,569 crore, EBITDA grew 25% to ₹1,232 crore, profit before tax rose 34% to ₹828 crore, and cash PAT increased 28% to ₹1,032 crore.

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