The markets are muted in trade today. The Nifty is struggling close to 24,400 and the Sensex is down 500 points. The cut is sharper across the broader markets with the BSE Midcap Index down nearly 1%.
However, the focus is on stock-specific action. Here is a look at all the movers and shakers in today’s trade
Kalyan Jewellers
The Kalyan Jewellers share price is down 8% in trade today. This is more than the returns that the stock delivered over 3 months. One of the reasons why the share price is under pressure today is perhaps because the company has temporarily paused the repayment of its debt obligation until release of its real estate collateral. Demand in Q2 may see the impact of high base optically leading to some YoY slowdown in growth, with growth again expected to pick in Q2 due to the festive season.
The company is planning to launch new regional brands for every state to target the customers with regional taste and capture the pie from unorganised segment. JM Financial believes, its steps towards lean credit policy is expected to drive profitability and improve RoCE.
Mazagon Dock
The share price of Mazagon Dock is down nearly 5% intra-day. Just before the weekly expiry yesterday, on August 7, the stock was exhibiting strong momentum, highlighted by call-to-put volume ratios of 10:1 and 4:1, respectively. Such elevated levels may also suggest that options are overvalued, calling for caution before entering new long positions. The share price has corrected 19% in last 1 month.
Recently, LIC investedin the company buy buying shares worth Rs 4,280 crore.
Coforge
The Coforge share price too has been under significant pressure today. Given the demand worries across the tech sector, Kotak Institutional Equities highlights that weak demand has led to underwhelming results across the IT sector. “This softness has manifested in multiple ways—margin pressure, increased reliance on balance sheets to drive growth, and heightened aggression in cost take-out deals,” they added.
However, Coforge remains one of their top picks along with Infosys, Tech Mahindra and Hexaware.
Cummins
The share price of Cummins is however shining in trade today, It is up 4% in a falling market. The company’s Q1 sales outperformance was driven by demand from end-user markets like data centers and mission critical applications.
According to Nomura, exports also witnessed robust growth due to fit-for-market products, channel initiatives and pricing and sales penetration.Further, the Q1FY26 EBITDA margin expansion of 117 bps was in line with management’s endeavour of improving EBITDA margin. Nomura has a Buy rating on the share.
LIC India
The LIC India share price is up 3% in trade today. The company has delivered largely inline numbers in Q1.Moreover, the stock’s underperformance with weak growth since October last year is also coming to play. JM Financial pointed out that the stock is “trading at inexpensive valuations of 0.6x FY27. We see improving growth trends as we move to 2HFY26. We raise our growth and margin estimates,” they added.
PG Electroplast,
The share price of PG Electroplast is down 15% in trade today. This is after the company gave disappointing guidance for the rest of FY26. The company has now guided for a 16-17% growth compared to a 30% plus growth outlook given in the March quarter. This led to severe selling pressure in the stock price.