NDA Wins Maharashtra; Indian Stock Market Review, Mid-Cap Stocks Could See Buying
Indian Markets witnessed strong rally on Friday and market participants are not expecting a recovery in the markets. NDA government has received strong mandate from voters in Maharashtra and this could lead to renewed buying in Indian equities next week. If Monday closes positive, we can expect markets to see more buying during the week. Any lower levels could be considered as buying opportunities. In the mid-cap space, stocks witnessed higher volumes and overall bullish trends during the Friday's trading session. The stock specific market update for Friday follows....
Dixon Technologies posted a solid 3.10% increase, closing at Rs 4715.25. Its expansion in the electronics manufacturing space remains a key growth driver.
Escorts Kubota gained 2.65%, ending at Rs 2445.10. Increased demand for agricultural machinery boosted the stock.
Exide Industries rose by 2.15%, closing at Rs 272.30, as the company continues to expand its EV battery production capabilities.
Federal Bank advanced by 1.45%, closing at Rs 149.30, reflecting steady performance in its retail and SME lending divisions.
FACT (Fertilizers and Chemicals Travancore) posted a strong gain of 3.75%, closing at Rs 426.80, driven by increased demand for agricultural fertilizers.
GMR Infrastructure rose by 2.85%, ending at Rs 52.15, as ongoing airport expansion projects boosted market confidence.
Godrej Properties climbed 3.25%, closing at Rs 1460.75. The company continues to benefit from strong demand in residential real estate.
HDFC AMC advanced by 2.10%, closing at Rs 2655.50, supported by consistent inflows into equity mutual funds.
Hindustan Zinc showed modest growth, ending at Rs 309.20, up 1.25%. Stable commodity prices and strong metal production supported the stock.
Hudco (Housing and Urban Development Corp) gained 1.85%, closing at Rs 69.25. Ongoing government initiatives in affordable housing bolstered its performance.
ACC continued its upward trend, gaining 3.15% to close at Rs 2090.45. The cement giant remains a strong performer in the infrastructure sector.
APL Apollo advanced by 2.85%, closing at Rs 1448.60, benefiting from robust demand for structural steel products.
ABFRL (Aditya Birla Fashion) gained 1.75%, ending at Rs 289.55. Expansion in premium retail partnerships has positively influenced its growth trajectory.
Apollo Tyres closed at Rs 495.85, rising 2.55%. The company’s focus on increasing market share in Europe and domestic EV markets is paying off.
Bandhan Bank edged up by 1.25%, closing at Rs 247.60. The bank’s improving asset quality and recovery in microfinance lending are boosting investor confidence.
Bharat Forge gained 2.20%, ending the day at Rs 958.10. Its diversification into defense manufacturing continues to yield positive results.
Balkrishna Industries posted a rise of 1.95%, closing at Rs 2348.75, supported by strong demand for agricultural tires.
Biocon advanced by 2.50%, closing at Rs 262.80. The pharmaceutical company’s focus on biosimilars and generics continues to attract attention.
Colgate-Palmolive climbed 2.10%, ending at Rs 1728.65, driven by its leadership in the FMCG sector and consistent product demand.
Delhivery closed at Rs 440.50, rising 1.35%, as the logistics company remains a key player in e-commerce delivery growth.
Tata Chemicals gained 2.10%, closing at Rs 982.50. The growth is attributed to robust demand for specialty chemicals and sustainability initiatives.
Tata Communications advanced by 2.65%, ending the day at Rs 1375.90, buoyed by rising demand for data and digital infrastructure.
Tata Elxsi, a leader in design and technology, climbed 3.10%, closing at Rs 7145.40. Its strong performance stems from continued growth in automotive and industrial design solutions.
Tata Tech posted a gain of 2.85%, closing at Rs 1205.25, as the stock benefited from increased focus on innovation in technology services.
TI India ended the day at Rs 330.10, registering a 1.35% increase. Its strong position in industrial manufacturing continues to support investor interest.
TorntPower advanced by 2.50%, closing at Rs 635.45, supported by strong fundamentals in the power sector.
UPL gained 2.20%, ending at Rs 615.25. This growth comes as the company continues to focus on sustainable agricultural solutions.
Idea (Vodafone Idea) edged up by 0.85%, closing at Rs 7.95, as investors remain cautiously optimistic about its debt restructuring plans.
VOLTAS rose by 2.95%, closing at Rs 860.35. Seasonal demand for cooling appliances and strong performance in its engineering division boosted the stock.
Prestige Estates climbed 1.75%, closing at Rs 650.20, up from its earlier closing price of Rs 639.05. Continued urban property demand is a key driver for the stock.
RVNL (Rail Vikas Nigam Limited) advanced significantly by 3.25%, closing at Rs 156.85. Increased investments in rail infrastructure boosted market sentiment.
SBICard (SBI Cards and Payment Services) gained 2.45%, ending the day at Rs 891.75. Rising credit card usage during the festive season likely contributed to the rally.
SJVN (Satluj Jal Vidyut Nigam) rose 2.10%, closing at Rs 44.85, with strong sentiment surrounding renewable energy investments.
SAIL (Steel Authority of India Limited) climbed modestly by 1.35%, closing at Rs 97.20. Rising steel prices and infrastructure investments supported the stock.
Solar Industries posted a gain of 2.80%, closing at Rs 4778.50, as its defense-related ventures garnered attention.
SRF advanced 3.10%, ending the day at Rs 2407.10. Its strong foothold in chemicals and packaging is driving investor interest.
Sundaram Finance gained 2.65%, closing at Rs 1942.50. Increased vehicle loans and stable credit conditions supported its performance.
Supreme Industries showed strength, climbing 1.85% to close at Rs 2705.35. Growth in construction-related plastic products remains a key driver.
Suzlon Energy advanced by 2.05%, closing at Rs 24.90, as the stock continues to benefit from renewable energy tailwinds.
NLC India posted a gain of 1.80%, closing at Rs 138.70, up from its earlier closing price of Rs 136.25. Positive momentum in the power sector contributed to this performance.
Nykaa (FSN E-Commerce Ventures) ended flat at Rs 140.60, indicating consolidation as investors await updates on its growth trajectory.
Oil India advanced by 2.45%, closing at Rs 265.30. Rising global crude prices provided support to the stock.
Paytm (One97 Communications) climbed 2.95% to close at Rs 692.50, as increased adoption of its financial services fueled optimism.
Petronet LNG ended at Rs 225.60, posting a moderate rise of 1.55%, backed by stability in global LNG demand.
Page Industries displayed resilience, gaining 1.85% to close at Rs 40,750.20, driven by festive season retail demand.
Persistent Systems saw a solid 2.10% rise, closing at Rs 5430.70. The company continues to benefit from strong demand for digital transformation services.
Phoenix Mills climbed 2.90%, ending the day at Rs 1552.85. Retail expansion and higher footfalls are key drivers for this stock.
Polycab India gained 1.95%, closing at Rs 5408.80. The company’s growth in wires and cables remains strong.
PolicyBazaar (PB Fintech) delivered an impressive 3.75% rise, ending the day at Rs 642.90. Expansion in insurance services and strong customer acquisition are fueling its momentum.
The session highlighted robust performances across retail, IT, and energy, reflecting diverse opportunities in the market.
L&T Finance Holdings closed at Rs 108.65, marking a gain of 2.55% compared to its earlier closing price of Rs 105.95.
LIC Housing Finance closed at Rs 423.20, reflecting a rise of 1.90% from its earlier closing price of Rs 415.35.
Lupin advanced by 2.20%, closing at Rs 978.25, as positive sentiment in pharmaceuticals fueled gains.
Mahindra Finance closed at Rs 298.90, climbing 1.75% compared to its earlier closing price of Rs 293.80.
MRPL showed strength, closing at Rs 88.75, marking a gain of 1.60% over its earlier closing price of Rs 87.35.
Marico posted a marginal rise, closing at Rs 542.60, up 0.12%. Investors remain optimistic about its new product launches.
Max Healthcare recorded a solid 2.85% increase, ending the day at Rs 625.45, driven by robust demand in healthcare services.
Mazagon Dock continued its rally, closing at Rs 1855.25, a rise of 3.10%, fueled by optimism in defense manufacturing.
Muthoot Finance advanced by 1.50%, closing at Rs 1258.60, as the demand for gold loans continues to support the stock.
NMDC climbed by 2.75%, ending the day at Rs 144.25, bolstered by a recovery in global iron ore prices.
Today's activity showcased a balanced mix of steady performers and standout gainers in the financial, pharmaceutical, and defense sectors.
Indian Hotels closed at Rs 799.05, marking a gain of 1.56% compared to its earlier closing price of Rs 786.80.
Indian Bank closed at Rs 531.60, marking a gain of 0.24% compared to its earlier closing price of Rs 530.35.
Indus Towers closed at Rs 330.10, marking a gain of 0.30% compared to its earlier closing price of Rs 329.10.
Indian Overseas Bank closed at Rs 50.31, marking a gain of 1.00% compared to its earlier closing price of Rs 49.81.
IRB Infrastructure closed at Rs 47.60, marking a gain of 3.93% compared to its earlier closing price of Rs 45.80.
IREDA closed at Rs 185.50, marking a gain of 0.50% compared to its earlier closing price of Rs 184.58.
JSW Infrastructure closed at Rs 304.45, marking a gain of 1.98% compared to its earlier closing price of Rs 298.55.
Jubilant FoodWorks closed at Rs 637.65, marking a gain of 4.50% compared to its earlier closing price of Rs 610.20.
Kalyan Jewellers closed at Rs 706.45, marking a decline of -0.74% compared to its earlier closing price of Rs 711.75.
KPIT Technologies closed at Rs 1308.45, marking a gain of 1.41% compared to its earlier closing price of Rs 1290.20.
SRF led the charge with a solid 3.25% rise, closing at Rs 2407.10. The company’s chemical business continues to benefit from steady global demand and strong exports.
Solar Industries delivered a stellar performance, gaining 2.95% to close at Rs 4778.50. Expansion into defense-related explosives and steady industrial growth supported the stock.
Sundaram Finance advanced by 2.85%, closing at Rs 1940.20. Robust demand for vehicle loans and a stable credit environment have boosted investor confidence.
Sonacom, a key player in automotive components, rose by 1.85% to end at Rs 552.30. The stock benefited from strong growth in EV-related products.
Suzlon Energy climbed by 2.10%, closing at Rs 24.85. Renewed focus on renewable energy policies is driving optimism around the stock.
Supreme Industries gained 1.45%, ending the day at Rs 2698.75. Strong demand for plastic products across construction and packaging supported its performance.
SAIL (Steel Authority of India Limited) rose modestly by 1.25%, closing at Rs 96.10. The stock remains a key beneficiary of rising steel prices and infrastructure investments.
Nykaa (FSN E-Commerce Ventures) ended flat at Rs 140.60, consolidating after recent moves. The stock appears to be waiting for fresh triggers in the beauty and e-commerce space.
Tata Chemicals posted a decent gain of 1.95%, closing at Rs 982.45. Growth in specialty chemicals and sustainability initiatives continue to attract investor attention.
TI India, a significant player in the industrial sector, ended the day at Rs 324.70, up 1.50%. Improved automotive production and strong industrial orders are driving its growth.
NMDC surged by 2.85%, closing at Rs 141.20. The rally comes as global iron ore prices show signs of recovery, supporting the stock’s bullish sentiment.
PolicyBazaar (PB Fintech) showed a robust 3.75% gain, closing at Rs 642.90. Positive cues from its growing insurance platform and profitability outlook have fueled investor optimism.
Phoenix Mills, a leader in the real estate and retail space, climbed by 2.95% to close at Rs 1552.85. Strong footfall in its malls and premium property developments are driving growth.
Persistent Systems performed well in the IT sector, closing at Rs 5430.70, reflecting a 2.10% increase. Continued demand for digital transformation services has supported the stock.
Petronet LNG edged up by 1.45%, closing at Rs 225.60. Stable global LNG prices and strong import demand have kept the stock in focus.
Page Industries, known for its premium clothing brand Jockey, rose by 1.80%, closing at Rs 39,850.30. Analysts cite strong retail demand and festive season momentum as key drivers.
Patanjali Foods gained 2.25%, closing at Rs 1185.90. The stock has benefited from its expanding footprint in FMCG and food processing.
Polycab India showed strength in the manufacturing sector, closing at Rs 5408.80, a 1.95% rise. Strong growth in cables and wires has supported its upward trend.
Prestige Estates, another key player in real estate, ended the day at Rs 650.20, marking a 1.75% gain. Continued urban development projects are driving investor interest.
Paytm (One97 Communications) closed at Rs 670.50, up by 2.55%. Increased adoption of its financial services platform is boosting sentiment.
JSW Infrastructure impressed with its Closing Price of Rs 187.60, reflecting a 2.80% increase from its earlier closing price of Rs 182.50. Growing interest in port and logistics infrastructure has bolstered investor sentiment.
Jubilant FoodWorks, known for its Domino’s brand, climbed 2.95%, closing at Rs 499.85. Analysts credit its continued focus on cost efficiencies and menu innovation for the positive sentiment.
Lupin rose by 2.12%, closing at Rs 970.25. This performance comes amid optimism in the pharmaceutical sector, with Lupin gaining traction in generics and biosimilars.
KPIT Technologies posted a solid 3.10% jump, ending at Rs 1094.20. The IT company’s growth in automotive software solutions has continued to draw attention.
Kalyan Jewellers surged by 3.45%, closing at Rs 232.50. Seasonal demand for gold and rising consumer spending seem to be fueling its rally.
LIC Housing Finance gained modestly by 1.50%, closing at Rs 415.25. The housing finance firm remains a key beneficiary of rising demand in the real estate market.
M&M Financial Services advanced by 1.80%, closing at Rs 312.10. Its strong focus on rural financing has underpinned investor confidence.
MRF, the tire manufacturing giant, showed resilience, closing at Rs 96,780.50, up 0.80%. Positive outlooks in the automobile sector have benefited the company.
Marico closed flat at Rs 542.00, showing little movement as it consolidates after recent gains driven by its new product launches in the FMCG space.
Mankind Pharma gained 2.65%, ending at Rs 1605.30. The company’s robust pipeline of products in healthcare continues to attract investors.
Godrej Properties impressed with its Closing Price at Rs 1452.10, marking a 2.95% jump from its earlier closing price of Rs 1410.50. This growth can be attributed to robust demand for residential projects.
GMR Infrastructure soared by 3.12%, closing at Rs 51.85. The company's ongoing airport expansions continue to boost investor sentiment.
Hindustan Zinc remained steady, closing at Rs 307.40, reflecting a marginal gain of 0.45%. Analysts note consistent performance in its metal production outputs.
HDFC AMC, a key player in the financial sector, gained 1.75%, closing at Rs 2630.45. Strong inflows into equity mutual funds supported its positive momentum.
IDFC First Bank added a modest 1.12%, ending the day at Rs 94.30. The bank continues to gain from its growing retail lending portfolio.
IRB Infrastructure climbed by 2.20%, closing at Rs 312.75. Renewed interest in infrastructure development is a likely driver.
Indian Hotels advanced with a 1.68% increase, closing at Rs 388.50. Tourism recovery and increased travel activity have been tailwinds for the stock.
Hudco (Housing and Urban Development Corp) dipped slightly by -0.95%, closing at Rs 68.30. Profit booking after recent gains seems to have influenced this movement.
IOB (Indian Overseas Bank) ended flat at Rs 33.10, showing a negligible change as investors await fresh triggers in the public sector banking space.
Coforge stood out with its Closing Price of Rs 5001.85, marking a solid 2.35% rise from its earlier closing price of Rs 4885.25. The IT services firm continues to benefit from steady demand for cloud and AI solutions.
Colgate-Palmolive remained a favorite among defensive plays, closing at Rs 1723.45, up 1.87%. Strong market penetration and consistent rural demand have been key growth drivers for this FMCG giant.
Dixon Technologies delivered an impressive performance, closing at Rs 4708.50, reflecting a 2.95% jump. The company’s diversification into new electronics segments appears to be paying off.
Concor (Container Corporation) climbed by 2.10%, closing at Rs 732.15. The logistics giant is riding high on expectations of increased exports and government focus on trade corridors.
Cummins India also performed well, gaining 1.56% to close at Rs 1430.60. The stock’s strength stems from robust industrial demand.
Delhivery, however, struggled to keep up, dipping slightly by -0.85% to close at Rs 435.75. Concerns over rising competition in the logistics space may have impacted sentiment.
Exide Industries showed moderate growth, ending the day at Rs 269.50, a rise of 1.25%. Investors remain optimistic about its EV battery ventures.
Escorts Kubota gained 1.89%, closing at Rs 2450.15. The agricultural equipment major continues to benefit from seasonal demand and strong rural sentiment.
Federal Bank showed resilience, closing at Rs 148.85, up 0.75%. The stock reflects steady interest in mid-tier banking.
Biocon closed at Rs 257.40, reflecting a modest 0.50% increase from its earlier closing price of Rs 256.10. Its recent developments in biosimilar launches continue to garner investor confidence.
Bandhan Bank showed resilience, with its Closing Price at Rs 248.25, marking a 1.90% rise. Analysts attribute this gain to improved asset quality and reduced non-performing assets (NPAs).
Bharat Forge advanced significantly, closing at Rs 957.75, up 2.15%. The stock’s bullish sentiment is backed by the company’s growth in the defense sector.
Balkrishna Industries displayed strength, closing at Rs 2345.10, up by 1.74%. Positive cues from the agriculture sector, a significant demand driver for tires, have boosted its performance.
BSE rose to Rs 1532.60, registering a 2.10% jump, as the company continues to benefit from increased trading volumes on its platform.
Bank of India witnessed a modest rise of 0.65%, closing at Rs 98.10. Positive economic outlooks seem to have bolstered sentiment around public sector banks.
On the flip side, BDL (Bharat Dynamics) faced a minor dip of -0.42%, settling at Rs 1050.85. Market sentiment may have been impacted by profit booking after a recent rally.
Bharti Hexacom stayed flat, closing at Rs 412.60. The stock appears to be consolidating after significant moves earlier this quarter.
CG Power was another winner, closing at Rs 320.85, up 1.58%, driven by optimism in the capital goods sector.
Cochin Shipyard rose by 1.10% to close at Rs 668.25, buoyed by the government’s focus on expanding maritime infrastructure.