The market moved into the midday session with momentum. The Nifty is hovering near the 26,200 levels and the Sensex too clocked 1% gains. The broader indices too joined the party. Big action was seen in individual stocks. Banking indices sprinted ahead, renewables and small-cap lists answered, and a clutch of new listings drew attention.
Here is a look at the top movers and shalers at this hour-
MCX
The MCX share price jumped to hit fresh all-time highs above Rs 10,000 per share levels after the company’s MD and CEO shared optimistic growth projections. In fact the MCX shares have jumped 9.84% in 1 month and rallied 58.29% in 6 months.
Bharti Airtel
Bharti Airtel share price slipped nearly 3% lower in intra-day trade after reports that a promoter entity will sell a small stake via market transactions. Jefferies reiterated its Buy call on the telecom operator and kept its target price at Rs 2,635. It is their top telecom pick.
NCC
NCC share price rallied 4.2% after receiving a large contract for the expansion and modernisation of a medical college and hospital in Assam valued at over Rs 2,000 crore. A big order book refresh of this nature is what contractors live for, predictable, long-term cash flows, and the street rewarded the news accordingly.
Banking pack
The Nifty Bank index led the charge, up 1.18% and printing a fresh record.. State-run banks and large private lenders both participated; Axis Bank rose 1.8%, IndusInd, IDFC First and Canara Bank were all up between 1.2%–1.8%, and the Nifty PSU Bank gained 2.11% as it too touched a new peak. The momentum was on the back of good Q2 results, lower provisioning at some public banks.
Excelsoft Technologies
Excelsoft share price made a confident debut, listing with a 12.5% premium to the IPO price. For those who took the long view, the stock delivered immediate upside: a lot of 125 shares translated to a decent first-day gain. The company’s strong subscription (43x) gave the market a reason to bid aggressively on listing day, and desks treating this as a fresh technology play pushed the paper higher.
Waaree Energies
Waaree share price edged up 0.57% after confirming the ramp-up of two solar module lines totalling 1,500 MW at Samakhiali. The rise was modest but meaningful; capacity announcements for manufacturers usually pull in buyers who are betting on margin recovery through better utilisation.
NTPC Green Energy
NTPC Green share price gained 1.07% as the company adds to its tender wins and signs MoUs with coal players for renewable projects.
Adani Green Energy
Adani Green share price rose 2.07% after updates on pumped-storage plans and a Letter of Award for energy storage. The market continues to reward developers that can pair capacity expansion with storage, and today’s price action made that preference obvious.
Suzlon Energy
Suzlon share price advanced 2.25%, still in the afterglow of a very strong quarterly beat earlier this month. When a large supplier posts both revenue and profitability gains, sentiment in the renewable supply chain tends to swing positive and Suzlon has been one of the quick beneficiaries of that rotation.
Studds Accessories
Studds share price inched higher by 1.59% as the company prepares to report its first post-listing earnings. The market often gives recent IPOs a narrow window of goodwill; modest buying ahead of numbers suggests investors expect the company to at least meet initial benchmarks.
JK Lakshmi Cement
JK Lakshmi share price picked up 0.67% following an MoU to invest in sizeable capacity expansion in Chhattisgarh. Capacity additions and regional expansion plans are scoring points with investors focused on eastern and central demand corridors.
Titagarh Rail Systems
Titagarh Rail share price climbed over 1% on plans to enter wagon leasing, a structural move that could change earnings visibility over time. The management’s evaluation of an SPV route for leasing shows strategic thought. The market rewarded the clarity with measured buying.