The markets have slipped in the red. The Nifty is now struggling close to the 24,600 levels while the Sensex is down nearly 100 points in intra-day trade. The small and midcaps show relative outperformance but have come off their intra-day highs.
Here is a look at some of the big movers and shakers in trade today –
Vascon Engineers
Vascon Engineers, a small-cap construction and engineering player, delivered fireworks in early trade. The stock surged close to 13.88% to hit Rs 65.93 apiece on the BSE. The reason is simple: the company announced a new agreement with Adani Infra.
In the past month, Vascon is already up 32%.Extend it to six months, and the number is 74%. Over three years, the gains stand at 135%. And if someone had been stubborn enough to hold for five years, the return would be an eye-watering 621%. These figures are not casual they underline how one mid-tier company can quietly transform into a multibagger while most people are too busy watching large caps.
Apollo Micro Systems
Apollo Micro Systems is another stock that simply refuses to slow down. Today, it added another 5% and touched a high of Rs 340 apiece. That’s not an isolated spike in the share price of Apollo Micro Systems. It follows a 27% jump in September and an unbelievable 51% rally in August. Stack those numbers, and the two-month gain comes to 105%. On a year-to-date basis, the stock is up 187%.
The driver? A string of developments that investors cannot ignore. On September 18, Apollo signed MoUs with Sibersentinel Technologies and Zoom Technologies (India). The target is advanced cybersecurity solutions for government, financial institutions, and other sensitive sectors. Combine Apollo’s defence-grade hardware expertise with cybersecurity partners, and suddenly the company is positioning itself as more than just a hardware vendor it’s angling to be a solutions player.
Hindustan Copper
Hindustan Copper, a name that often flies under the radar, became one of the most actively traded counters today. With 5,465,170 shares changing hands and a traded value near Rs 174.61 crore, it shot up in the volume rankings. The Hindustan Copper share price climbed to a day high of Rs 324.80 before settling at Rs 323.79, a gain of 3.63%.
Copper demand expectations have been firm, and Hindustan Copper, being a government-backed player in the non-ferrous metals space, automatically draws attention when global commodity cues look positive.
Hindustan Unilever
HUL’s share price fell as much as 2.35% in Monday’s trade, touching Rs 2,453 apiece. The decline came right after the company’s Q2 update on Friday, which pointed to subdued performance. The market reaction was swift, and perhaps justified, given the cautious tone of management.
Over the past month, HUL has already lost 5.53%. Stretch the lens to six months, and the picture brightens, with the stock still up 12.50 %.
Reliance Power
Amid a session marked by sharp action in select small- and mid-cap counters, Reliance Power found buyers of its own. The stock rose nearly 3% after the company revealed a strategic divestment of its Indonesian step-down subsidiaries.
Reliance Power’s stock advanced 2.7% to reach an intraday high of Rs 46 on the BSE during Monday’s trade. The trigger was a stock exchange filing announcing the sale of six Indonesian subsidiaries to Biotruster (Singapore) Pte. Ltd. for a total consideration of $12 million.
The agreement, signed on September 29, covers the company’s entire 100% equity stake in entities including PT Avaneesh Coal Resources and PT Heramba Coal Resources. Completion of the deal is targeted by December 30, 2025.