Top Gainers & Losers on Feb 10: Praj Industries, Swiggy, BSE, Force Motors, Eternal Lead the Rally| Stock Market Today

On Tuesday, February 10, the Indian stock market continued its three-day rally, led by strong gains in auto, metal, and tech sectors. Investor confidence was lifted by the US-India interim trade deal, consistent foreign fund inflows, and easing global trade and geopolitical tensions

Market Performance Overview

• Nifty 50 closed 0.26% higher at 25,935 points.
• S&P Sensex ended 0.25% up at 84,273 points.
• Broader markets also gained: Nifty Midcap 100 and Nifty Smallcap 100 rose over 0.40%.

Sector-wise performance highlighted a mix of strong rallies and modest declines:

• Nifty Media emerged as the top performer with a 2.40% gain.
• Nifty Auto climbed 1.37%.
• Nifty Metal added 0.80%.

On the other hand, sectors under pressure included:

• Nifty Pharma, which fell 0.36%.
• Nifty PSU Bank, declining 0.20%.

Global and Domestic Influences

Foreign portfolio investors (FPIs) continued to show confidence in the Indian market, adding ₹2,254 crore in the previous session. Month-to-date inflows now stand at ₹11,641 crore.

Recent developments further lifted market sentiment:

• US-India Interim Trade Deal: Taxes on Indian imports to the US are set to reduce from 50% to 18%, easing trade barriers.
• Geopolitical Trends: Talks between Iran and the US progressed, keeping crude oil prices subdued.
• Currency Movements: The US dollar weakened by 1% over the last two sessions amid reports of Chinese regulators asking financial institutions to curb US Treasury holdings.

Top Gainers on February 10

The day’s rally was earnings-driven, with several companies reporting strong quarterly results and positive business developments.

• Praj Industries: Soared 15.6%, touching a five-week high of ₹342, marking its largest single-day spike recently.
• Amber Enterprises and BSE: Both climbed over 6% on robust December quarter numbers.
• Linde India: Advanced 4.2% following investor optimism around Q3 performance.
• Bata India: Rose 4%, reflecting steady demand.
• JM Financial: Continued momentum with a 7.5% gain to ₹140.
• Eternal and Swiggy: Food delivery players witnessed strong buying interest, rallying 5% and 7%, respectively.
• Tata Communications, Sapphire Foods India, Force Motors, Graphite India: Each closed with gains exceeding 5%.
• RailTel Corporation: Jumped 4.2% after securing a Letter of Acceptance (LoA) from West Central Railway for a ₹454.95 crore project, set for completion by September 24, 2028.

In total, 43 Nifty 500 constituents posted gains exceeding 3%, highlighting broad market strength.

Major Losers on February 10

While the market enjoyed a rally, some stocks faced profit-booking or reacted to earnings updates:

• Aurobindo Pharma: Led the declines, dropping 6.6% to ₹1,124 after December quarter results.
• Textile Stocks: After a recent rally, companies like Welspun Living, Vardhman Textiles, Trident, and KPR Mill gave up part of their gains, falling between 2.9% and 5.7%. This followed the US lowering tariffs on Bangladeshi textile imports to 19%, affecting competitiveness.
• Navin Fluorine International: Slipped 4% to ₹6,338 after Q3 results.

Only 15 Nifty 500 stocks closed lower by more than 3%, indicating selective weakness amid the broader uptrend.

Company Highlights & Financial Snapshots

Praj Industries

• Q3 performance triggered a strong rally.
• Shares hit ₹342, marking a five-week peak.

JM Financial

• Momentum continued from previous sessions.
• Shares rose 7.5% to ₹140.

RailTel Corporation

• Secured ₹454.95 crore project with West Central Railway.
• Completion expected by September 24, 2028.

Eternal & Swiggy

• Food delivery platforms showed renewed investor interest.
• Rallies: Eternal 5%, Swiggy 7%.

Summary

February 10 marked another day of gains for the Indian stock market, driven by earnings, strong sectoral performance, and positive global cues. While auto, media, and metal stocks led the charge, selective pressure on pharma and textiles reminded investors that market movements remain nuanced.

• Nifty 50 closed at 25,935, up 0.26%.
• Sensex ended at 84,273, up 0.25%.
• Broader markets reflected strength with midcaps and smallcaps up over 0.40%.
• Earnings announcements and key projects drove notable stock rallies, including Praj Industries, JM Financial, Eternal, Swiggy, and RailTel.
• Textile and pharma segments experienced profit-taking or negative reactions to Q3 numbers.

The market story of February 10 was clear: earnings and trade optimism powered gains, while selective sectors tempered the rally.

Source: Livemint