Ather Energy, LIC, KEI Industries among buzzing stocks as NIFTY falls over 1%, SENSEX drops 270 pts

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the negative territory during the afternoon session on Tuesday, August 4, dragged by a sell-off in banking and realty stocks.

The SENSEX slumped as much as 0.35% to reach an intraday low of 78,362.84. Meanwhile, the NIFTY50 tumbled as much as 1.2% to touch the session’s low of 24,474.10.

At 1:10 PM, the S&P BSE SENSEX fell by 270.57 points, or 0.34%, to stand at 78,368.46, while NSE’s NIFTY50 was trading at 24,485.95, marking a 288.35-point, or 1.18% decline.

The divergent trend in the market was due to a change in the closing price mechanism under the newly implemented Closing Auction Session (CAS), which led to a change in gains and losses for individual shares, but prices of stocks on the National Stock Exchange (NSE) and BSE largely remained the same.

Buzzing stocks on August 4: Check list

Shares of KEI Industries soared as much as 7.8% to hit an intraday high of ₹5,414 per unit on the National Stock Exchange (NSE) on Tuesday, August 4, after the company reported its earnings for the first quarter of the 2026-27 financial year (Q1 FY27).

The company, on Monday evening, reported a 40.05% year-on-year (YoY) surge in its consolidated net profit to ₹274.14 crore in Q1 FY27, compared with ₹195.75 crore in the corresponding period of the previous fiscal year, supported by margin expansion.

According to a regulatory filing, its revenue from operations jumped 22.97% YoY to ₹3,185.34 crore during the quarter, from ₹2,590.32 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26), driven by broad-based demand in Wires and Cables and balanced business performance.

The stock of EPC major Larsen & Toubro (L&T) was trading in the green on Tuesday, August 4, after bagging an order worth more than ₹15,000 crore from ADNOC Offshore.

According to a regulatory filing, L&T Energy Hydrocarbon Offshore (LTEH Offshore) has secured an ultra-mega order from ADNOC Offshore for a major project in the Middle East.

As per L&T’s classification, an “ultra-mega order” translates to an order of more than ₹15,000 crore.

The project will be executed through a consortium arrangement, with LTEH Offshore serving as the lead partner. The project involves the development of multiple offshore facilities.

Shares of Ather Energy surged nearly 18% to their intraday and 52-week high of ₹1,500 apiece on Tuesday’s market session, as investors focused on the company reducing its net losses in the April to June quarter results of FY2026-27 due to strong revenue growth.

Key focus of investors remained on the EV maker’s strong revenue growth, improvement in overall profitability and margins, along with the demand potential among electric two-wheelers in the Indian market.

The company management remained positive about the strong EV two-wheeler demand environment in the domestic market, with structural tailwinds from both government policy and shifting customer sentiment amid the ethanol push.

Life Insurance Corporation of India (LIC) stock declined as much as 8.9% to hit an intraday low of ₹390.50 per equity share on the NSE, as the offer for sale (OFS) floor price of ₹382 per share is below the prevailing market price. Stocks typically move closer to the OFS price during such stake sales, with the additional supply of shares also putting short-term pressure on the stock.

The long-awaited OFS in LIC finally opened on August 4, with the government launching a stake sale of up to 6.5% in the country's largest insurer.

The government on Tuesday announced that it will sell up to a 6.5% stake in LIC at a floor price of ₹382 per share through a two-day OFS. The issue opens for non-retail investors on Tuesday (August 4), while retail investors can bid on Wednesday (August 5).

If the issue is fully subscribed, the sale of over 82.22 crore shares, representing a 6.5% stake, is expected to fetch around ₹31,000 crore for the government's disinvestment kitty.

Restaurant Brands Asia shares rallied as much as 20% to hit an intraday high of ₹84.91 per unit during the trading session on Tuesday, August 4, as investors focused on the strong India business revenue growth.

The company's revenues from the Indian market advanced 23.6% YoY to ₹682.89 crore in the June quarter, in comparison to ₹552.29 crore in the same period a year earlier.

In the Q1 earnings, the firm reduced its net loss by 32.4% YoY to ₹28.34 crore in the June quarter, from a ₹41.93 crore net loss in the corresponding quarter of the previous financial year.

The stock of Dabur India dropped as much as 3.63% to touch the session’s low of ₹410.35 per equity share on the NSE, after the Food Safety and Standards Authority of India (FSSAI) prohibited the company from selling several food products carrying misleading '100%' claims.

FSSAI on Monday said it has prohibited Dabur India from selling many products such as honey, cow ghee, and edible oils using '100%' claims, saying that such labelling is against the law.

In a social media post, FSSAI stated that it has issued a prohibition order to Dabur India Ltd over the sales of food products carrying misleading '100%' claims, including honey, apple cider vinegar, virgin coconut oil, sesame oil, cow ghee, coconut water, coconut milk and other such items.

Giving details about the violations, FSSAI said that "food products being sold on the company's website were found carrying misleading '100%' claims such as '100% Natural', '100% Pure', '100% Purity Guaranteed', '100% Organic' and '100% Tender Coconut Water'."

Bharti Airtel shares declined more than 1% on Tuesday, ahead of its earnings announcement for the June quarter of the 2026-27 financial year (Q1 FY27).

According to experts, Bharti Airtel could see strong double-digit growth in revenue and net profit. Bharti Airtel Q1 consolidated revenue may increase between 14% and 16% YoY in a range of ₹56,800 to ₹57,300 crore, aided by steady subscriber additions, improving ARPU and growth in the African business.

Meanwhile, profitability of the company could improve by 42% to 45% YoY in the range of ₹8,450 to ₹8,650 crore.

Bharti Airtel reported revenue of ₹49,463 crore in the same quarter last year and ₹55,383 crore in Q4FY26. Meanwhile, its net profit stood at ₹5,948 crore in Q1FY26 and ₹7,325 crore in the previous quarter.