NTPC Green Energy, HEG and Eternal emerged as the top gainers, rising up to 9% after reporting strong Q1 FY27 earnings and business growth. Meanwhile, CIE India, IndusInd Bank and SRF were among the biggest losers amid profit booking and weak market sentiment driven by geopolitical tensions and elevated crude oil prices.
The Indian stock markets were under selling pressure for the fourth successive trading session on Thursday amid elevated prices of crude oil and new geo-political worries. Around 10:01 am, the Sensex was 219 points or 0.29% lower at 76,536.12, while the Nifty 50 was 61.85 points or 0.25% lower at 23,934.40.
The broader market also witnessed selling pressure, with the Nifty Midcap 100 falling 0.54% and the Nifty Smallcap 100 declining 0.75%. The Nifty Bank index slipped 274.80 points or 0.48% to 56,852, dragged by weakness in select private and public sector banking stocks.
NTPC Green Energy Share Price Surges 9% on Strong Q1FY27 Performance
NTPC Green Energy became one of the best-performing stocks in the Nifty 500, with its stock price appreciating 9% on July 23. There was intense buying interest in the stock amid robust trading volumes, where the stock saw volumes shoot up to 5.5 crore shares on the NSE compared to the average volume of 29.5 lakh shares over the past 30 days.
This rise in stock price followed the announcement of impressive financial performance in Q1 FY27. Revenue for NTPC Green Energy rose 63% from the previous fiscal to ₹1,107 crore, while the operating EBITDA jumped 64% to ₹989 crore. EBITDA margins were robust at 89%. Its net profit increased 38% to ₹305 crore.
Its power generation capacity rose 1.6x to 10,671 MW, out of which 9,891 MW is from solar energy, and 780 MW is from wind energy.
HEG Share Price Jumps 9% After Earnings Improvement
Shares of HEG rose 9% on July 23 and became yet another big gainer in the Nifty 500 index. The graphite electrode manufacturer saw healthy volume of 1.4 crore stocks at NSE versus its 30-day average volume of 13.2 lakh stocks.
The stock surged due to positive Q1FY27 earnings performance by the company. The revenue grew 11.1% year-over-year to ₹681 crore, whereas operating profit grew 42.5% to ₹151 crore. Operating margin grew 500 bps to 22%.
The net profit was up 16.2% to ₹222 crore. The company received clearance for the name reservation as "HEG Advanced Materials". In wake of HEG's performance, its peer firm Graphite India too gained 5%.
Eternal Share Price Gains 4% on Quick Commerce Growth
Shares of Eternal witnessed an increase of 4% on July 23 after the company posted robust Q1FY27 financials. The firm, engaged in offering food delivery, Blinkit Quick Commerce and going-out service, recorded a volume of 3.6 crore shares versus its 30-day average volume of 3.3 crore shares.
The company witnessed an adjusted revenue growth of 186% YoY to ₹17,680 crore. Revenue from food delivery grew by 30%, whereas revenue from quick commerce jumped by 674%. The adjusted EBITDA witnessed a growth of 160% to ₹429 crore, wherein contribution was of ₹532 crore from food delivery, ₹37 crore from quick commerce and ₹81 crore from going out business.
Net profit grew 3.7 times to ₹92 crore.
CIE Automotive India Share Price Falls 10.34% Amid Selling Pressure
One of the major losers among the Nifty 500 stocks was CIE Automotive India, which fell by 10.34% to close at ₹423.65. The stock traded in a volume of 20.91 lakh shares on the NSE.
The fall was mostly attributable to selling and profit booking activity, and there was nothing new from the company side that could have resulted in this fall.
IndusInd Bank Share Price Drops 5.81% Despite Strong Results
Shares of IndusInd Bank fell by 5.81% to ₹1,007.15, even though the company reported strong results for the first quarter FY27. The bank reported an increase in its profits due to low provisioning and better quality assets.
The stock recorded a volume of 50.35 lakh stocks on the NSE. The drop was mainly due to booking of profits from earlier gains and weakness in banks' stock prices.
SRF Share Price Declines 5.37% on Market Weakness
The share price of SRF fell by 5.37% to ₹2,713.20, with trading volume reaching 10.63 lakh shares. The diversified chemicals manufacturer witnessed selling due to the weak market condition and profit booking.
There is no negative news about the company during the period. Nevertheless, on the whole, although the stock markets were under the influence of geopolitics and the high price of crude oil, earnings growth stocks like NTPC Green, HEG, and Eternal received buyers' attention.
