It’s a dull day in the markets, even as the earnings season heats up. However, there are interesting buzzers in trade today. The mid-session trade has seen some sharp stock specific movers. Even as the broader indices hover in the red, select midcap names are trending at this hour. Here is a look at the top movers and shakers.
Nuvoco Vistas
The Nuvoco Vistas shares surged in trade today. The share price of Nuvoco Vistas surged to an intra-day high of Rs 417 per share and is trading nearly 3% up after delivering better than estimated numbers. respectively. Strong sequential realization growth helped drive the Q1 performance higher. Nuvoco’s blended realization grew 6% q-q. As a result, Nuvoco recorded unitary EBITDA of Rs 1,017/tonne, up 5% QoQ. Nuvoco’s net debt (excluding Vadraj) reduced by Rs 170 crore QoQ to Rs 3,470 crore in Q1FY26. The company completed the acquisition of Vadraj Cement for Rs 1,800 crore in June.
However, Nomura has a Reduce rating on the stock with a target price of Rs 330 per share.
Motherson Sumi Wiring India, Samvardhana Motherson International
The Motherson group twins – Motherson Sumi Wiring India, Samvardhana Motherson International have been buzzing since morning as the stocks commenced trading ex-bonus today. Both companies had announced July 18 as the record date for the 1:2 bonus issue each for both companies. This is the 10th bonus issue by Samvardhana Motherson. For Motherson Sumi Wiring India, this is the second bonus issue since 2022.
Clean Science and Technology
The Clean Science and Technology shares price has plunged nearly 8% after reporting weak quarterly numbers in Q1. The company faced demand issues during the quarter but continued to retain its market share across its key products. JM Financial has a Buy rating on the stock as they expect the subsidiary to start contributing positively from Q3FY26 driven by the ramp-up of value-added HALS grades.
According to the brokerage house, “meaningful contribution from the two performance chemicals is to flow through from FY27. Further, the company has built a pipeline of other smaller products to continue its growth momentum.” They have a target price of Rs 1,780 per share, indicating 23% upside from current levels.
Newgen Software
The Newgen Software share price has also fallen over 6% in trade today. In fact, this midcap IT stock is down over 45% from its record high levels that it hit in January this year. The sharp QoQ decline in its Q1 profit is one of the key reasons for the correction in the share price today. The Q1 net profit slipped over 50% QoQ. The revenue in Q1 too fell 25% sequentially. The EBITDA margins too contracted by over 100 bps YoY.
Bharat Dynamics, Cochin Shipyard, Mazagon Dock
Key defence stocks like Bharat Dynamics, Cochin Shipyard, Mazagon Dock continue to be under selling pressure. The share price of Bharat Dynamics is down for yet another session and has declined 8% in the last 5 days. The two shipping plays, Cochin Shipyard and Mazagon Dock, are also under significant selling pressure, down over 5% in last 5 session