Redington, Balkrishna Industries, and Syrma were among the top Nifty 500 gainers on July 30, driven by strong Q1FY27 earnings and heavy buying interest. Meanwhile, Thermax, Sapphire Foods, and Mankind Pharma declined amid profit booking and weak market sentiment.
The Indian stock market traded with positive momentum on July 30, 2026, supported by gains in financial services stocks. At 11:00 AM, the Nifty50 was trading higher by 37.20 points or 0.15% at 24,354.35, while the Sensex gained 64.57 points or 0.08% to 77,992.72. Bajaj Finance, Bajaj Finserv and Mahindra & Mahindra were among the top gainers in the Nifty50 index.
The broader market also remained positive, with the Nifty MidCap index rising 0.32% and the Nifty SmallCap index gaining 0.47%. Among sectors, the Nifty Auto and Nifty Financial Services indices outperformed, while the Nifty IT index declined the most. The Nifty FMCG and Nifty Media indices also remained under pressure.
Among Nifty 500 stocks, Redington, Balkrishna Industries and Syrma emerged as the top gainers, while Thermax, Sapphire Foods and Mankind Pharma were among the major losers.
Redington Share Price Surges 15% After Strong Q1FY27 Results
Redington Ltd was the top gainer among Nifty 500 stocks, with its shares surging 15% on July 30 after strong Q1FY27 financial performance. The stock witnessed heavy trading activity, with volume rising more than 10 times to 3.82 crore shares compared with the 30-day average volume of 35.96 lakh shares.
The rally was driven by a 77% year-on-year increase in net profit. The company reported a 34% YoY growth in global revenue to ₹34,966 crore, while EBITDA increased 67% to ₹751 crore. EBITDA margins improved to 2.1%, and net profit stood at ₹486 crore.
The strong performance was supported by execution of large enterprise deals, higher PC realisations due to memory supply constraints, premiumisation trends and increasing demand for cloud and cybersecurity solutions.
Balkrishna Industries Share Price Jumps Over 10% on Earnings Growth
Balkrishna Industries gained more than 10% on July 30 following strong Q1FY27 results. The stock saw increased buying interest, with trading volume rising to 18.1 lakh shares compared with the 30-day average volume of 1.47 lakh shares.
The company’s standalone revenue from operations increased 24% YoY to ₹3,445 crore, supported by 16% volume growth. EBITDA rose 7% to ₹703 crore, with margins at 20.6%. Net profit jumped 50% to ₹432 crore.
The company aims to achieve ₹23,000 crore revenue by FY30 compared with ₹10,600 crore in FY25. It plans investments of ₹6,800 crore through FY29 to increase global market share in off-highway tyres. Capacity is expected to rise to 425,000 MTPA, while the contribution of off-highway tyres to revenue is expected to decline to 70% by FY30 from around 90% in Q1FY27.
Syrma Share Price Gains 7% After Profit More Than Doubles
Syrma SGS Technology shares gained 7% on July 30 after strong Q1FY27 results. Trading volume increased to 45.14 lakh shares compared with the 30-day average volume of 12 lakh shares.
The company reported 67% YoY revenue growth to ₹1,604 crore. Growth was led by IT and Railways, which increased 199%, followed by Healthcare at 100%, Auto at 78% and Consumer at 68%.
EBITDA rose 72% to ₹177 crore, with margins at 11%, while net profit more than doubled by 112% to ₹106 crore.
Thermax Share Price Falls 7.77% Amid Selling Pressure
Thermax shares declined 7.77% on July 30 to ₹3,921, making it one of the biggest losers in the Nifty 500 index. The stock recorded a trading volume of 18.55 lakh shares.
No specific negative company announcement was reported behind the decline. The fall appeared to be driven by selling pressure, profit booking and broader market sentiment.
Sapphire Foods and Mankind Pharma Witness Selling
Sapphire Foods India shares declined 5.54% on July 30 and closed at ₹184.43 after touching a high of ₹195. The stock recorded a volume of 6.18 lakh shares. No major company-specific trigger was reported, indicating that the decline was largely due to market-driven selling.
Mankind Pharma shares fell 5.24% to ₹2,440.80, with trading volume of 9.26 lakh shares. The reason behind the decline was not immediately available, and the fall appeared to be influenced by profit booking and investor sentiment.
Conclusion
Redington, Balkrishna Industries and Syrma led the Nifty 500 gainers on July 30, 2026, supported by strong Q1FY27 results and growth outlook. Meanwhile, Thermax, Sapphire Foods and Mankind Pharma faced selling pressure, with declines driven mainly by market factors and investor sentiment.
