The markets are in the green but muted. While the Nifty and Sensex are trading within a tight range, the small and midcap space is displaying relatively better spunk. Here is a look at some of the big buzzers in trade today –
Tejas Networks
Tejas Networks share price plunged 6% to two-year lows. It is the key loser on the BSE 500 Index and the stock slumped after the June quarter update indicated a steep revenue loss. Tejas Networks reported net loss of Rs 194 crore in Q1FY26 compared to Rs 77 crore profit in the same quarter last fiscal. What’s worried investors even further is the fact that many analysts who track the stock raised concerns about near-term volatility.
Ola Electric
Its an about turn for Ola Electric. After the 20% rally yesterday (July 14), the stock is down 4% today (July 15). With this fall, the Ola Electric stock is down 50% since its listing last year. The stock is currently trading at over 50% discount to the issue price of Rs 76 per share. The Maharashtra Government’s decision to shut down almost 90% of the showrooms in the state due to lack of permit for storing vehicles.
Waaree Renewable
The Waaree Renewable share price is up 15% intra-day today. Last evening the Govt announced that India has hit 50% non-fossil power milestone, well ahead of 2030 target. The news is a positive for a key renewable energy play like Waaree Energies. Moreover, the company’s board is set to meet on July 17, to consider its quarterly results.
Mishra Dhatu Nigam
The share price of Mishra Dhatu Nigam is in focus in today’s trade. The shares are up over 8% in trade today This is on reports that the company has got Rs 600 crore super alloy order from Hindustan Aeronautics (HAL). Super alloy is a kind of advanced materials for aircraft engines and are critical to any engine program. The move is also seen aligned to India’s push towards reducing dependence on foreign suppliers for critical minerals.
BSE
Its been volatile times for the share price of BSE- one of Asia’s oldest stock exchange. The share price of BSE has rebounded nearly 3% after tte sharp slump following the SEBI crackdown on Jane Street for manipulating trade. The share price had slumped 9% after the SEBI crackdown but has recovered some ground from early July lows now.
Laxmi Dental
The share price is up 5% after the upgrade from Motilal Oswal. The leading domestic brokerage house has recommended Buy and expects a whopping 26% upside. They have set a target of Rs 540 per share. According to Motilal Oswal, the company has developed a comprehensive framework to bridge the gap in dentistry, effectively addressing the needs of patients across all age groups while enhancing the efficiency of dental practitioners. ”By utilizing celebrity brand endorsements as part of its marketing strategy, the company has also expanded its offerings in the aligner segment,” they added.