Stocks making the biggest moves midday: Asian Paints, Waaree Energies, NSDL, BEL and more
The markets are muted in trade today. The Nifty is struggling below 24,600 levels and the Sensex is down 100 points. The broader markets are also under pressure. However, there are some stock-specific buzzers in trade today.
Here is a look at the movers and shakers in trade today-
Asian Paints
The Asian Paints share price has been rallying nearly 3% intra-day today. The company had recently declared its numbers. Though topline has been muted, the company said there are early signs of recovery, with urban markets improving and a good monsoon expected to support rural demand. Easing inflation and policy support provide a constructive backdrop, though competitive intensity remains high. Axis Securities maintained Hold but Jefferies called it a fallen angel and is betting on it as a ‘contrarian call’ with potential for nearly 13% upside from current levels.
Waaree Energies
The share price of Waaree Energies has rallied nearly 5% in trade today. The company has reaffirmed its FY26E EBITDA guidance of Rs 5,500–6,000 crore led by strong demand, capacity expansion and ramp-up of the solar cell plant. The street believes that rising power needs from AI and energy storage shall support growth. Nuvama has a Buy on the share price with target of Rs 3,646 per share.
BEL
The Bharat Electronics share price has risen 1% amid most defence stocks falling. This is after the Defence Ministry gave its go-ahead for projects worth Rs 67,000 crore. It includes the procurement of Thermal Imager-based Driver Night Sights for the Indian Army’s BMP infantry vehicles. These are expected to help boost BEL’s order pipeline.
Transrail
The Transrail share price is lighting up D-Street with a stunning rally. The stock has surged over 12% intra-day after the company reported strong Q1 numbers. Its net profit doubled year-on-year, and its revenue from operation jumped 81% on the back of strong execution.
NSDL, Sri Lotus Developers, M&B Engineering
The big listings today – The NSDL share price is seeing a smart rally after listing at a 10% premium to the issue price. Sri Lotus Developers has soared nearly 7% intra-day after a stong debut on Dalal Street. It listed at 19% premium. However, the M&B Engineering share price is flat after a lacklustre debut.
Suzlon Energy
The Suzlon Energy share price continues to be in focus after the amendments issued by the Renewable Energy Ministry on wind energy procurement. Axis Securities has a Buy call with a target of Rs 72 rupees a share. Motilal Oswal too has a Buy call on this key wind energy player..