3 weeks ago

Midday market movers: Vedanta Aluminium, Hitachi Energy rise, Ola slumps

Midday market movers: Vedanta Aluminium, Hitachi Energy rise, Ola slumps
Stocks making the biggest moves midday: Vedanta Aluminium, Hitachi, SBI, Titan, Ola and more · financialexpress.com

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.

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

Sources

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