The markets are trending higher today The Sensex and the Nifty are up about half a percent each and the Nifty is steady above 24,700 levels. The broader markets are relatively outperforming the benchmark indices, with the BSE Midcap Index inching towards 1% gains intra-day.
Let’s take a quick look at the buzzers in trade and here is a ready list of the 5 biggest movers and shakers today –
MCX
The MCX share price has rallied over 5% after a strong Q1 performance. The net profit for Q1 soared nearly 50%, and it also reported its highest-ever quarterly revenue in Q1. The commodity exchange has also announced a 1:5 stock split, further sparking investor interest ahead of the record date for the same.
Bharat Electronics
The share price of Bharat Electronics is buzzing in trade today, up a sprightly 3% intra-day. Most brokerages have recommended Buy on the stock after its better-than-expected Q1 performance. The management has guided for a 15-17% growth in revenue and 27% EBTIDA margin growth in FY26. The order inflows for FY26 are expected to be around Rs 27,000 crore. Capex outlook is also supporting the positive sentiment surrounding the share price, projected to be Rs 1,000 crore per year for next couple of years towards capacity expansion.
LIC Housing Finance
The LIC Housing Financxe share price jumped over 3%. The company declared its Q1 numbers over the weekend. It has delivered a stable Q1. The net profit has risen over 4% and revenue surged 7% YoY. The Net Interest Income has also maintained the upward trajectory, up 4% YoY. The stock had recently tested the 20-week SMA.
ABB India
The ABB India share price has plunged over 6% in trade today. The company’s net profit for the quarter ending in June slipped 21% . EBITDA margin also declined over 6 percentage points YoY to 13% from 19.2% in the same quarter last year. Higher raw material cost, subcontracting charges, and a significant jump in stock-in-trade purchases. All these factors exerted pressure on the quarterly profitability of the company.
GMDC
The share price of Gujarat Mineral Development Corporation has rallied over 8% intra-day today. The stock is buzzing for a combination of reasons. The Q1 results and the Govt push for rare earth sufficiency are the primary triggers. As per the latest reports on Financial Express.com, the government is targetting Rs 5,000 crore outlay for a scheme to encourage rare earth magnet manufacturing. This is a significant jump from the originally proposed Rs 1,350 crore.