3 weeks ago
Midday market movers: Vedanta Aluminium, Hitachi Energy rise, Ola slumps
On Monday morning, the stock market in India was mostly steady, with only small changes.
A stock market is a place where people buy and sell small pieces of companies.
Some companies had very good news, and their shares went up in price.
Vedanta Aluminium shares rose after the company won the right to dig for a mineral called bauxite in Odisha.
Hitachi Energy shares jumped because the company earned a lot more money and got a big new order to build giant battery storage.
State Bank of India made more money than before, but its shares still went down a little, which can happen when buyers expected even better news.
Titan, the company famous for jewellery, reached its highest price ever.
Ola Electric, which makes electric scooters, had a harder time because its sales dropped a lot, so its shares went down.
Overall, investors watched company earnings reports to decide which shares to buy or sell.
Indian equities traded mildly positive by midday Monday, with the Nifty 50 near 24,600 and the BSE Sensex near 78,570.
Vedanta Aluminium rose 1.49% after its subsidiary Bharat Aluminium Company was named preferred bidder for the Karlapat bauxite block in Odisha.
Hitachi Energy gained 8.5% after Q1 net profit jumped 123% year-on-year and it received its first battery energy storage order (165 MW/330 MWh) in Andhra Pradesh.
State Bank of India fell nearly 2% despite a 10% rise in net profit to Rs 21,121 crore and gross NPA easing to 1.47%, its lowest in over two decades.
Ola Electric Mobility plunged 5% early in the day on weak results, with core revenue down 45%, while Universal Cables surged over 17% on strong revenue growth.
- Who
- Indian listed companies including Vedanta Aluminium, Hitachi Energy, State Bank of India, Titan Company, Ola Electric Mobility and IT firms such as Infosys.
- What
- Shares made sharp midday moves driven by quarterly earnings, business announcements and new orders.
- Where
- Indian equity markets, with related developments in Odisha, Andhra Pradesh and Mumbai.
- When
- Monday, August 10, during the midday trading session.
- Why
- Company-specific developments, Q1 FY27 earnings and fresh business announcements drove the stock movements.
Key facts
- Market level
- Nifty 50 near 24,600; BSE Sensex near 78,570
- Nifty IT index
- Three-month high, up as much as 1.3%
- Vedanta Aluminium Q1 FY27
- Revenue Rs 21,105 crore (+45% YoY); profit Rs 6,597 crore (+205%)
- Hitachi Energy Q1
- Net profit Rs 294 crore (+123% YoY); revenue Rs 2,494 crore (+69%)
- SBI Q1 FY27
- Net profit Rs 21,121 crore (+10%); gross NPA 1.47%
- Ola Electric Q1 FY27
- Net loss Rs 336 crore; core revenue Rs 455 crore (-45% YoY)
- FPI IT inflows
- Rs 3,298 crore bought between July 16 and July 31
- Waaree Energies order book
- Approximately Rs 61,500 crore
Quotes
Managing Director Ajoy Chawla
Titan Company Ltd. Managing Director
“The positive growth seen in Q1 FY27 had continued into July.”
financialexpress.com









