Top Gainers and Losers Today: Godrej Industries, Tejas Networks, Polycab Surge While Godrej Consumer, KPIT Tech and Brigade Slip

The Indian equity benchmark indices closed flat on Thursday due to the fall in crude oil prices and the optimism regarding a potential resolution of the standoff between the United States and Iran. The Nifty 50 was marginally positive at 24,360.35, whereas the Sensex was trading at 77,972 in the morning session. Equities experienced some volatility throughout the day since both the benchmark indices saw a gain of almost 1.2% in the previous trading session.

As far as the Asian equities markets are concerned, they traded with a positive bias following news that the United States and Iran may have reached an understanding in resolving the issue and thereby resulting in a decline of almost 7.8% in the crude oil prices. The benchmark oil price Brent crude fell to about $102 per barrel mark in the Asian session. The reduction in crude oil prices is good for India, since the country is among the biggest oil consumers. The decline in crude prices means lower inflation rates and also contributes to growth as well as profitability.

In the overall market, many Nifty 500 stocks experienced strong movements because of various reasons.

Godrej Industries Share Price Surges 18% After Ambitious Growth Outlook

On May 7, Godrej Industries was amongst the major gainers in the Nifty 500 index due to its stock rally of around 18%. This company acts as the holding entity of the diversified Godrej Group involved in chemicals, real estate, consumer goods, agriculture, and financial services segments.

The stock saw significant increase in trading volumes at 11.9 lakh stocks against its 30 days' average trading volume of 4.2 lakh stocks.

This was in reaction to the group having laid out a strategic growth roadmap for its operations for the coming years. According to the Godrej Group, it expects more than 15% sales growth per year and 20% earnings per share growth over the coming five years. Moreover, it plans to achieve nearly 18% return on equity in each of its verticals while expecting a combined market capitalisation of ₹5 lakh crore.

Additionally, the investor sentiments stayed positive following the leadership change announced by the Godrej Group in April, under which Pirojsha Godrej takes over the position of chairperson from Nadir Godrej.

Overall, the stock rally seen in Godrej Industries appears to have been mainly due to the optimism in regard to the future growth plans and the leadership change of the company.

Tejas Networks Jumps 18% For Fourth Consecutive Session

Tejas Networks proved to be another major winner on the Nifty 500 index after witnessing gains of about 18%, making it the highest gainer for four consecutive days in a row.

Tejas Networks manufactures various telecom network systems and broadband equipment. The company is owned by the Tata group.

There has been an impressive increase in trading volumes reaching the level of 2.5 crore shares, which is much higher than the usual average trading volumes of 48 lakh shares on the NSE.

There were reports that the MarkOne D2M handset equipment developed by Tejas Networks successfully passed multi-ministry-backed field and laboratory trials for direct-to-mobile broadcasting, which helped build the company's credibility among investors.

Apart from its technological achievements, better-than-expected financial figures for the quarter also contributed to boosting investor interest. Revenue of the company witnessed sequential growth of 8% to ₹333 crore in Q4FY26. EBITDA loss shrank to ₹219 crore as against ₹239 crore in the prior quarter. However, net loss widened to ₹211 crore from ₹197 crore sequentially. Order inflows of the company witnessed a sequential jump of 13.9% to ₹1,514 crore as against ₹1,329 crore in Q3FY26 and ₹1,019 crore a year ago.

Management expects a substantial portion of the order book to translate into revenue during FY27 after multiple large projects faced delays in FY26.

Polycab Shares Rally 7% After Strong Q4FY26 Earnings

Polycab India emerged as yet another big winner on Nifty 500 after Polycab shares gained about 7% thanks to strong March quarter numbers.

Polycab is the largest producer of wires, cables, and fast-moving electrical consumer products in India.

Volume action stayed healthy at around 9.6 lakhs against an average daily trading volume of 5.1 lakhs in the past 30 days.

This surge in price occurred after the company delivered impressive operational and financial results for Q4FY26. Revenue climbed by 27% YoY to ₹8,865 crore, aided by healthy demand traction across all operations. Operating EBITDA grew 13% to ₹1,161 crore, while margins improved by 232 bps to 20.6%.

The net profit for the quarter rose 7% YoY to ₹786 crore.

For the fiscal year FY26, the firm reported 29%, 35%, and 32% revenue, EBITDA, and net profit growth, respectively.

Godrej Consumer Products Falls Nearly 5% Despite Profit Growth

Godrej Consumer Products Ltd was one of the worst performing stocks on the Nifty 500 index, with the stock falling by almost 5% on Thursday.

The company is engaged in the production of household insecticides, soap, hair and skin care products globally.

Despite recording a profit increase of 9.7% in its fourth quarter, with its net profit coming in at ₹452 crore due to robust domestic demand and volumes, the stock fell. The revenue also increased by 11.2% compared to the same period in the previous year, reaching ₹3,885 crore. The company’s operating margin saw a slight improvement to 21.7%.

Nevertheless, it seemed like the investors were worried about any possible margin squeeze due to rising crude oil and palm oil prices.

KPIT Technologies Slips Over 4% After Weak Profit Performance

KPIT Technologies witnessed a fall by more than 4%, emerging as one of the top losers in the Nifty 500 index.

KPIT Technologies is a leading provider of embedded software and engineering services to automotive companies around the globe, particularly focusing on electric and autonomous mobility.

The shares of the company tumbled after it announced a 33% year-over-year fall in the net profit for the fourth quarter of FY 26 to ₹163 crore, with revenue increasing by 12%. Rising operating costs and finance cost coupled with foreign currency losses affected the bottom line.

According to management, geopolitical risks and a slowdown in the global automotive industry have hampered the company's momentum.

Brigade Enterprises Declines As Profit Drops Sharply

However, Brigade Enterprises also came under pressure and declined by about 4% on Thursday's trading day.

Bengaluru-headquartered Brigades Enterprises focuses on developing residential housing complexes, offices, retail complexes, and hotels across the main cities in India.

This decline was attributed to poor fourth quarter FY26 earnings performance, whereby the company's net profit plunged 41% from the previous year to ₹145 crore, while revenue stayed relatively unchanged at ₹1,457 crore and EBITDA margins fell by a whopping 340 bps to 25.1%.

Notwithstanding its plan to issue a 1:3 bonus to shareholders, its poor profitability and shrinking margins were some of the factors that pulled down investor confidence.

Furthermore, the stock came under pressure amid concerns of waning real estate momentum and increased construction costs.

Market Outlook

The overall market stayed positive even amid some profit-taking following Wednesday’s rally. Investors were encouraged by the fall in the price of crude oil and reduced worries about geopolitics, while market-specific factors kept influencing share prices.

Positive fundamentals and business outlook allowed companies like Godrej Industries, Tejas Networks, and Polycab to perform well. In contrast, poor fundamentals, high costs, and industry-specific worries adversely affected KPIT Technologies, Brigade Enterprises, and Godrej Consumer Products.