1 week ago
Indian Stocks See Gains in Vishal Mega Mart, Hexaware
India’s main stock indexes were slightly lower around midday.
However, several individual companies’ shares rose sharply.
Vishal Mega Mart gained after its chief executive was reappointed for another five years.
Hexaware rose after explaining plans to grow its artificial-intelligence business and double revenue by 2029.
LT Foods climbed, but the articles mainly pointed to unusually heavy trading as the reason.
TVS Supply Chain Solutions rose after announcing a partnership with Sankyu.
Urban Company gained after FTSE said it would add the company to three indexes.
These index additions are scheduled to take effect on September 21, 2026, if the review is completed.
Domestic benchmarks turned negative by midday, with the Nifty down about 0.28% and the Sensex lower by around 0.32%.
Vishal Mega Mart surged 11.4% after reappointing Gunender Kapur as founder, managing director and chief executive for another five-year term.
Hexaware Technologies rose 7.7% after outlining AI-led growth plans and targeting roughly $3 billion in revenue by 2029.
LT Foods jumped 15% as NSE trading volume reached about 55 times its average, with more than two crore shares traded.
TVS Supply Chain Solutions gained 13.6% after signing an agreement with Sankyu, while Urban Company rose 6.1% following FTSE index inclusions.
- Who
- Vishal Mega Mart, Hexaware Technologies, LT Foods, TVS Supply Chain Solutions and Urban Company were the main company movers; the Nifty and Sensex also featured in the report.
- What
- The domestic benchmarks declined modestly while shares of the five companies recorded gains ranging from 6.1% to 15%.
- Where
- On India’s domestic equity markets, including trading on the National Stock Exchange.
- When
- By midday trading during Monday’s session; the reported future appointments and index inclusion dates are September 1 and September 21, 2026, respectively.
- Why
- The reported catalysts included a CEO reappointment, AI-focused business plans, unusually high trading volume, a Sankyu agreement and FTSE index additions.
Key facts
- Nifty
- Hovered around 24,190, down about 0.28% by midday.
- Sensex
- Hovered near 77,290, lower by around 0.32% by midday.
- Top gainer
- LT Foods rose 15% by midday.
- Vishal Mega Mart
- Gained 11.4% after Gunender Kapur was reappointed for a further five-year term beginning September 1, 2026.
- Hexaware Technologies
- Rose 7.7%; the company expects revenue to reach about $3 billion by 2029 from around $1.5 billion.
- Trading activity
- LT Foods’ NSE volume was about 55 times its average, with more than two crore shares traded.
- Urban Company
- Rose 6.1% after FTSE added it to three benchmark indexes, subject to completion of the review.
Sources
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