The Indian stock market traded largely flat through midday, with benchmark indices like Nifty and Sensex showing little movement. However, beneath the surface, several individual stocks stood out for their sharp price actions. From sudden losses to strong gains, these names reflect the volatility and sentiment-driven nature of India’s public markets today.
Tejas Networks emerged as the top loser on the BSE 500 Index, witnessing a steep 6 percent drop. The stock plunged to a two-year low after the company reported disappointing financial results for the first quarter of FY26. Tejas posted a net loss of 194 crore rupees, in stark contrast to a profit of 77 crore rupees in the same quarter last year. What added to investor concerns was not just the loss itself but the market chatter around continued volatility and uncertainty in future performance. Many analysts tracking the stock have flagged short-term instability, prompting a sell-off across retail and institutional holders alike.
In sharp contrast, Waaree Renewable surged by 15 percent in intra-day trade. The renewable energy company benefited from a major government announcement that India has already achieved the milestone of generating 50 percent of its power from non-fossil sources, well ahead of its 2030 target. This has boosted sentiment around renewable players like Waaree, who stand to gain from increased investor attention and public policy tailwinds. Adding to the momentum is the company’s upcoming board meeting on July 17, where quarterly results are expected to be reviewed. This anticipation has brought fresh buying interest into the stock.
Meanwhile, Ola Electric experienced a reversal of fortunes. After surging 20 percent on the previous trading day, the stock dropped by 4 percent today. With this fall, Ola Electric is now down nearly 50 percent from its IPO price of 76 rupees. The decline follows the Maharashtra Government’s decision to shut down a large portion of Ola Electric showrooms in the state due to lack of required storage permits for vehicles. This regulatory setback has cast a shadow over the company’s short-term outlook and added to investor nervousness.
Mishra Dhatu Nigam also made headlines, rallying more than 8 percent after reports surfaced of a new order worth 600 crore rupees from Hindustan Aeronautics Limited. The order pertains to the supply of super alloys, which are essential for aircraft engine programs. This aligns with India's larger push for self-reliance in critical materials and advanced manufacturing. Investors have reacted positively to the order, recognizing its significance both in revenue terms and strategic relevance.
The Bombay Stock Exchange, or BSE, also witnessed modest gains. After facing selling pressure earlier this month following regulatory action against Jane Street for alleged trade manipulation, BSE shares bounced back nearly 3 percent. The market appears to be stabilizing after the shock, and investors seem to be reassessing long-term prospects for the exchange platform.
Another notable gainer was Laxmi Dental, which saw a 5 percent rise in its share price following an upgrade from Motilal Oswal. The brokerage recommended a Buy rating with a price target of 540 rupees, citing the company’s strategic initiatives in the dental care segment. Laxmi Dental has broadened its product offerings, especially in the aligner segment, and is now using celebrity brand endorsements to amplify its reach. Analysts also highlighted the company’s well-rounded approach in addressing both patient and practitioner needs, giving confidence in its long-term growth potential.
Even on a day when the headline indices remain flat, these stocks show that there is no shortage of movement or opportunity in the Indian markets. Investors tracking sectoral news, government policies, and corporate earnings can still find trades that outperform broader trends.
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