HDFC Bank, PNB, RIL, L&T among buzzing stocks as SENSEX falls over 600 pts, NIFTY below 24,150

The Indian benchmark indices, SENSEX and NIFTY50, were trading in the negative territory during the afternoon session on Monday, July 20, dragged by losses in private banking stocks such as HDFC Bank and Axis Bank.

Investor sentiment was also cautious as crude oil prices jumped over $91 per barrel (bbl) in the global markets, as the United States, on Sunday, carried out strategic targeted military attacks against Iran, destroying military command centres, air defence and coastal surveillance sites, maritime capabilities, missile and drone launch sites, and communications networks.

The SENSEX slumped as much as 1% to touch an intraday low of 77,368.29. Meanwhile, the NIFTY50 touched the session’s low of 24,135.85.

At 1:02 PM, the S&P BSE SENSEX fell by 617.55 points, or 0.79%, to trade at 77,533.90, while NSE’s NIFTY50 stood at 24,181.20, marking a 153.10-point, or 0.63% decline.

Buzzing stocks on July 20: Check list

Banking stocks remained in focus on Monday, July 20, after a slew of lenders reported their June quarter (Q1 FY27) earnings over the weekend and after market hours on Friday.

Monday’s rally comes after Punjab National Bank, over the weekend, posted a 213% surge in net profits with key support from the institutional lender’s interest income, a fall in overall expenses, and margin improvement.

Investors also remain focused on the better-than-expected PSU Bank performance in the April to June quarter results of the financial year ending 2026-27, while the private bank earnings missed market estimates.

Shares of HDFC Bank tumbled as much as 5.41% to ₹777.50 apiece on the National Stock Exchange (NSE) on Monday, July 20, following the lender's June quarter earnings (Q1 FY27) that were released on Saturday.

The country's biggest private sector lender on Saturday reported a 5% increase in standalone profit to ₹19,060 crore for the June quarter.

It had earned a net profit of ₹18,155 crore in the year-ago period.

However, the total income of the bank during the quarter under review dropped to ₹92,184 crore from ₹99,200 crore logged in the same period a year ago, HDFC Bank said in a regulatory filing.

The stock of Axis Bank declined 6% to touch the session’s low of ₹1,249.10 per equity share on the NSE, despite its standalone net profit after tax (PAT) advancing 22.5% to ₹7,114 crore in the June quarter of the financial year ended 2026-27, compared year-on-year with ₹5,806 crore in the same period a year ago.

The data also showed that the private sector lender’s net interest income (NII) rose 9.4% to ₹33,985 crore in the first quarter of the current fiscal year, compared with ₹31,063 crore in the same period a year earlier, as per the financial statements.

Shares of Punjab National Bank (PNB) jumped 5.6% YoY to ₹111.68 per unit, as it posted a 213% rise in its standalone net profits at ₹5,253 Crore in the first quarter of FY27, compared with ₹1,675 crore in the same period a year earlier, according to the NSE filings.

The filings also showed that PNB’s net interest income (NII) advanced by 3% to ₹32,897 crore in the June quarter of the current fiscal year, compared YoY with ₹31,963 crore in the same quarter of the previous financial year.

Tata Technologies stock declined by 3.4% to hit an intraday low of ₹732.05 per unit, after it reported an 11.47% quarter-on-quarter (QoQ) decline in its consolidated net profit to ₹180.75 crore in Q1 FY27, from ₹204.17 crore in the fourth quarter of FY26.

Tata Tech’s revenue from operations jumped 33.8% YoY to ₹1,664.63 crore in the June quarter of FY26, as against ₹1,244.29 crore in the corresponding period of the previous fiscal year. It advanced 5.9% QoQ from ₹1,572.22 crore in the quarter-ago period.

VA Tech Wabag shares rose as much as 5.4% to touch an intraday high of ₹2,098.70 apiece on Monday, July 20, after the company said it has secured a large order.

The water treatment company has secured an order from the Bangalore Water Supply and Sewerage Board (BWSSB) to design, build, and operate sewage treatment plants with capacities of 100 MLD at Byramangala and 60 MLD at Bellandur. The project also includes the development of a 25 MLD tertiary treatment plant (TTP) at Byramangala.

The company, in a regulatory filing, said the scope includes design, engineering, procurement, construction and commissioning (EPC) of the wastewater treatment facilities along with biogas-based power generation. The sewage treatment plants (STP) will be based on the activated sludge process integrated with a biological nutrient removal system.

The stock of Larsen & Toubro (L&T) was trading. In a regulatory filing, the company said it has won mega orders for its metals and minerals business segment. The order size is expected to be in the range of ₹10,000 crore to ₹15,000 crore as per the company’s order classification.

The exchange filing read, “The Metals & Minerals (M&M) business vertical of L&T has secured multiple orders from leading domestic metals and mining companies, reinforcing its leadership in delivering world-class engineering, procurement and construction (EPC) solutions across the metals and minerals value chain”.

Shares of India's most valuable company, Reliance Industries (RIL), jumped as much as 1.4% to hit an intraday high of ₹1,345.90 apiece, after it reported record quarterly core profit and EBITDA for the June quarter, powered by strong performances across its oil-to-chemicals and telecom businesses.

Its consolidated revenue rose 25.4% year-on-year (YoY) to ₹3.12 lakh crore, the oil-to-telecom conglomerate said in a statement

Following the earnings, Swaraj Engines shares jumped 3% to touch an intraday high of ₹3,830 apiece on the NSE.

It reported a net profit of ₹56 crore in the first quarter of FY27, as compared to ₹50 crore reported in the same period of the previous fiscal year, registering a growth of 11%.

The company’s revenue from operations jumped 21% on a year-on-year (YoY) basis to ₹588 crore in the April to June quarter as against ₹484 crore seen in Q1 FY26.