Indian equity benchmarks snapped recent losses, led by financial, energy and healthcare stocks. While Sensex and Nifty gained strongly, select stocks including Ola Electric, Inox Wind and Firstcry tumbled on weak earnings, whereas Engineers India and EaseMyTrip surged.
Gainers & Losers: Ola, Firstcry and Power Grid among 7 top movers on Monday
Newsmakers of D-Street
Indian equity benchmarks ended their recent decline on Monday, buoyed by strong buying in financial and energy stocks, alongside support from pharma and healthcare names. The Nifty halted its two-session losing streak to settle at 25,682.75, advancing 211.65 points or 0.83%, while the 30-share BSE Sensex snapped a three-day slide to close at 83,277.15, gaining 650.39 points or 0.79%.Here are 7 stocks that saw action today:
Ola Electric
Shares of Ola Electric plunged 7% intraday, hitting the day's low of Rs 28.71 on the NSE before closing at Rs 28.80, down 6.7%. The electric two-wheeler maker posted a net loss of Rs 487 crore in Q3FY26 versus Rs 564 crore in Q3FY25. Revenue from operations dropped 55% YoY to Rs 470 crore, reflecting slower growth in EV penetration and lower volumes.
Inox Wind
Shares of Inox Wind crashed 8% to a 52-week low of Rs 97.53 Monday after India's wind turbine manufacturer reported a dismal quarter prompting brokerages to cut price targets and growth forecasts. Its consolidated revenue of Rs 1,208 crore missed estimates by 34% while adjusted profit of Rs 117 crore came in 35% below forecasts. Nomura and Motilal Oswal were among brokerages that cut their price targets.
Capital market stocks
Shares of BSE ended 7.5% lower at Rs 2,726.30 while those of Angel One and Groww declined by up to 5%. The stocks fell following RBI's sweeping overhaul of lending norms for capital market intermediaries. The move effective April 1 is set to reshape the trading landscape. The new guidelines mandate that bank guarantees require 50% collateral with 25% in cash while loans for margin trading facilities demand 50% cash margin. Analysts say the tightening will hit different market participants in vastly different ways.
Firstcry
Shares of Brainbees Solutions tanked 12% to hit their fresh 52 week low of Rs 236.80 before closing the session at Rs 239.50, down 11% over Friday price. The shares fell following weak Q3 earnings where the company widened its losses to Rs 28 crore versus 8 crore in the year-ago period.
Power Grid Corporation
Shares of Power Grid Corporation ended 4.74% higher at Rs 300.80 on the NSE amid positive market sentiments. The company also informed exchanges last week about its acquisition of Bellary Davanagere Power Transmission Limited - the project SPV to establish transmission system strengthening for integration of additional RE potential at Davanagere (0.25 GW) and Bellary (2.75 GW), on build, own, operate and transfer (BOOT).
EaseMyTrip
Shares of Easy Trip Planners surged 20% to Rs 7.93 on the NSE after the company informed exchanges about its plans to raise capital up to Rs 500 crore as part of its ongoing strategy to scale key growth areas and reinforce its financial strength. The board has approved, in principle, a proposal to raise funds through the issuance of equity shares and/or other eligible securities.
Engineers India
Shares of state-owned Engineers India (EIL) closed 14% higher at Rs 230.51 after the company reported an over 3-fold on-year jump in net profit at Rs 302 crore in Q3 driven by strong execution and higher revenues. Turnover rose 59% to Rs 1,194 crore as revenue from the turnkey business doubled. It was its second successive double-digit rally.