Markets at Noon: Nifty and Sensex Climb Higher, Key Stocks in Focus
Indian stock markets show positive momentum at midday, with Nifty 50 up 0.77% and BSE Sensex up 0.80%. Bharat Forge expects aerospace revenue growth, Britannia reports 23.1% profit growth, RateGain Travel Tech updates FY26 guidance, and Delhivery sees 16% YoY revenue growth. Vodafone Idea plans 4G network expansion, Tata Power aims to increase renewable capacity, Aurobindo Pharma reports 6% YoY revenue growth, and Biocon expects 40% margins in coming months.
*this image is generated using AI for illustrative purposes only.
Market Overview
The Indian stock markets are showing positive momentum at midday, with both benchmark indices trading in the green.
| Index | Current Price | Change | % Change |
|---|---|---|---|
| Nifty 50 | 25,893.20 | 198.25 | 0.77% |
| BSE Sensex | 84,538.31 | 666.99 | 0.80% |
Buzzing Stocks
Several stocks are making headlines in today's trading session:
Bharat Forge Ltd
- Expects aerospace revenue to grow from ₹250 crore last year to over ₹350 crore this year
- Anticipates similar growth rates for the next 3-4 years
- Defense business ATAGS work set to begin in 6-9 months
- Q2 results: Profit rose 23% to ₹299.20 crore
- Secured new orders worth ₹1,582 crore in H1, including ₹559 crore in defence
Britannia Industries Ltd
- Reported quarterly revenue growth of 4.1% and profit growth of 23.1%
- Faced temporary disruption due to GST rate changes
- Operating profit margins improved to 18.3%
- Increased grammage on 65% of portfolio by end of October
RateGain Travel Tech
- Updated FY26 financial guidance: Revenue growth forecast boosted to 55-60% year-over-year
- Maintains organic growth projection at 6-8% for FY26
- Anticipates full-year EBITDA margin of 16-17%
Delhivery Limited
- Q2 revenue from services: ₹2,546 crores (16% YoY growth)
- EBITDA reached ₹150 crores with a 5.9% margin
- Express parcel shipments grew 32.5% YoY to 246 million shipments
Vodafone Idea Ltd
- Plans to increase 4G network coverage from 84% to 90% within a couple of quarters
- Requires capital expenditure of ₹40 billion for coverage expansion
- Q2 results: Net loss narrowed to ₹5,524 crore
Tata Power Company Limited
- Plans to invest ₹25,000 crore in capital expenditure this year
- Aims to increase renewable capacity by 2-2.5 gigawatts annually
- Q2 consolidated net profit: ₹1,245.39 crore
Aurobindo Pharma Ltd
- Q2 consolidated revenues grew 6% YoY to ₹8,286 crores
- EBITDA at ₹1,678 crores (20.3% margin)
- US revenues stood at $417 million
Biocon Limited
- Management expects approximately 40% margins during October to March
- Early full redemption of 50,000 Non-Convertible Debentures worth ₹500 crores
Conclusion
The Indian markets are showing strength at midday, with both Nifty and Sensex trading higher. Key stocks across various sectors are in focus due to their recent financial performances and strategic announcements. Investors are closely watching these developments as they may impact market sentiment in the coming days.
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