Jindal Stainless and Sona BLW emerged as standout performers on the Nifty Midcap 150 index during Tuesday's trading session, leading a group of strong gainers. At 3:00 pm, Jindal Stainless was trading at Rs 800.55 with a significant gain of 7.32%, while Sona BLW was trading at Rs 487.70, up 6.93%. Other notable gainers on the index included KPR Mill, Bharat Dynamics, and Hind Zinc.

Jindal Stainless Financial Performance

Jindal Stainless demonstrated robust quarterly performance with consolidated revenue reaching Rs 10,517.55 crore for the quarter ending December 2025, compared to Rs 9,907.30 crore in December 2024. The company's net profit showed substantial growth, rising to Rs 822.52 crore from Rs 668.78 crore year-over-year.

For the full year 2025, Jindal Stainless reported annual consolidated revenue of Rs 39,312.21 crore, an increase from Rs 38,562.47 crore in 2024. However, the net profit for 2025 was Rs 2,543.42 crore, slightly lower than Rs 2,640.35 crore in the previous year. The company announced an interim dividend of Rs 1.00 per share on January 21, 2026.

Sona BLW Strong Revenue Growth

Sona BLW posted impressive quarterly results with consolidated revenue of Rs 1,208.45 crore for December 2025, marking a significant increase from Rs 867.97 crore in December 2024. The net profit remained stable at Rs 150.16 crore, compared to Rs 150.71 crore year-over-year.

The company's balance sheet as of March 2025 shows a share capital of Rs 621 crore and reserves & surplus of Rs 4,773 crore. Sona BLW announced an interim dividend of Rs 1.60 per share on January 23, 2026.

Other Notable Performers

KPR Mill also featured among the top gainers, reporting quarterly revenue of Rs 1,632.03 crore for September 2025, up from Rs 1,480.02 crore in September 2024. The company's net profit increased to Rs 218.03 crore from Rs 205.00 crore year-over-year.

Bharat Dynamics showed strong annual performance with standalone revenue of Rs 3,345 crore in 2025, compared to Rs 2,369 crore in 2024. The company's board is scheduled to meet on January 31, 2026, to consider quarterly results and potential interim dividend declaration.

Hind Zinc reported annual consolidated revenue of Rs 34,083 crore in 2025 and net profit of Rs 10,353 crore, up from Rs 7,759 crore in 2024. The company's board approved the issuance of non-convertible debentures up to Rs 1,400 crore on January 23, 2026.

Market Context

The strong performance of these midcap stocks comes amid positive market sentiment, with the Sensex closing up 301.93 points at 83,878.17 and the Nifty gaining 106.95 points to reach 25,790.25 at the previous close. The robust financial results across these companies reflect strong operational performance and growth momentum in their respective sectors.

Indian stock markets demonstrated resilience in Tuesday's trading session, with benchmark indices recovering sharply from early losses amid heightened volatility. The recovery was fueled by optimism around trade developments and currency stabilization, providing much-needed relief to investors.

Market Performance

The market indices showed significant improvement from their day's lows, with both Sensex and Nifty posting notable gains:

The recovery represented a substantial turnaround from the day's earlier weakness, with the Sensex recovering approximately 700 points from its intraday low.

Key Market Drivers

India-EU Trade Agreement Optimism

Investor sentiment received a significant boost from expectations surrounding the India-European Union Free Trade Agreement, which was anticipated to be signed. Market participants closely monitored developments around this potential deal, viewing it as a positive catalyst for future economic cooperation and trade expansion.

Rupee Recovery

The Indian rupee provided additional support to market sentiment by recovering from its recent all-time lows. The currency gained 10 paise to trade at 91.80 against the US dollar in early deals, benefiting from broad dollar weakness.

Forex traders attributed the rupee's recovery to traders covering positions amid the dollar index's retreat from elevated levels.

Technical Analysis Outlook

Technical analysts provided mixed signals for the market's near-term direction. Aakash Shah, Technical Research Analyst at Choice Broking, highlighted several key technical levels:

Resistance and Support Levels:

• Immediate Resistance: 25,200–25,300 zone
• Critical Support: 25,000 level
• Downside Target: 24,950–24,900 region

The analysis indicated that the Nifty continues trading below short-term moving averages, suggesting a fragile technical setup. However, oversold conditions may result in brief, stock-specific relief rallies, though momentum indicators remain subdued.

Market Outlook

The day's trading session highlighted the market's sensitivity to both domestic policy developments and currency movements. The combination of trade agreement optimism and rupee stabilization provided the necessary catalysts for the recovery, though technical indicators suggest caution regarding sustained upward momentum. Investors continue to monitor developments around the India-EU trade deal and currency stability as key factors influencing market direction.