Eternal, IndusInd Bank, NTPC Green Energy among buzzing stocks as SENSEX falls 500 pts, NIFTY below 23,850

The SENSEX slumped as much as 0.7% to hit an intraday low of 76,213.38. Meanwhile, the NIFTY50 tumbled as much as 0.7% to touch the session’s low of 23,829.70.

At 1:08 PM, the S&P BSE SENSEX declined by 498.23 points, or 0.65%, to trade at 76,256.82, while NSE’s NIFTY50 stood at 23,837.40, reflecting a 158.85-point, or 0.66% fall.

Buzzing stocks on July 23: Check list

Oil-linked stocks were trading mixed on Thursday, July 23. Oil marketing companies (OMCs), tyres, aviation, and paints mostly traded lower, while upstream companies such as ONGC and Oil India (OIL) traded higher.

Oil prices surged more than 1.5% on Thursday to their highest level in over six weeks, as escalating geopolitical tensions in the Middle East fuelled concerns over potential supply disruptions.

Brent crude rose $1.93 to $96 per barrel, its highest level since June 8, after the United States launched a fresh round of strikes on Iran while Yemen's Houthi rebels targeted oil tankers in the Red Sea.

Shares of Waaree Renewable Technologies declined as much as 6.69% to hit a one-month low of ₹951 per unit on the National Stock Exchange (NSE) on Thursday, July 23, despite reporting strong year-on-year (YoY) earnings for the first quarter of the 2026-27 financial year (Q1 FY27).

However, the EPC arm of the Waaree Group saw its results decline quarter-on-quarter (QoQ). Furthermore, its EBITDA margin contracted on a YoY basis.

The renewable energy company recorded a 37.70% YoY surge in its consolidated profit after tax (PAT) to ₹118.97 crore in the June quarter of FY27, compared with ₹86.40 crore in the year-ago period. Sequentially, however, its PAT fell 23.60% QoQ from ₹155.72 crore in the March quarter of the 2025-26 financial year (Q4 FY26).

The stock of Dr Reddy’s dropped 7% to their intraday and 52-week low at the opening bell of ₹1,101 per equity share on the NSE on July 23, in comparison with ₹1,182.82 at the previous stock market close.

In the April to June quarter results, Dr Reddy’s posted a major fall in net profits due to the reduction in overall revenues earned in the period, along with the increase in input costs and shrinking margins due to the West Asia conflict.

Shares of HEG jumped as much as 13% to an intraday high level of ₹675.90 per unit on Thursday, July 23, after the company reported a positive quarter ended June 30, 2026.

The country's leading graphite electrodes firm reported a growth of 16% in its consolidated net profit at ₹122 crore in Q1 FY27, compared to ₹743 crore in the same period last year.

The company’s revenue from operations increased 11% year-on-year (YoY) to ₹681 crore during the quarter under review, as against ₹613 crore in the June quarter of the 2025-26 fiscal year (Q1 FY26).

The manufacturer of white oils reported a 638% year-on-year (YoY) growth in consolidated net profit at ₹192 crore for the quarter ended June 30, 2026. In the corresponding quarter last year, the company had posted a net profit of ₹26 crore.

For Q1 FY27, the company’s revenue from operations increased 92% YoY to ₹1,732 crore as compared to ₹903 crore in Q1 FY26.

Shares of Tanla Platforms advanced as much as 16.8% to hit an intraday high of ₹656 per unit on the NSE, as it recorded a 20.1% YoY surge in its consolidated net profit to ₹142.17 crore in Q1 FY27, compared to ₹118.41 crore in the year-ago period.

Its revenue from operations increased by 17.9% YoY to ₹ 1,226.39 crore during the quarter, as against ₹1,040.66 crore in the June FY26 quarter.

IndusInd Bank stock declined as much as 6.42% to the session’s low of ₹1,000.60 per equity share, despite reporting a growth of 88% in its standalone net profit for the quarter ended June 30, 2026, as compared to a net profit of ₹533 crore in the previous quarter of financial year 2025-26.

The private sector lender’s net interest income (NII) for Q1 FY27 rose 7% quarter-on-quarter (QoQ) to ₹4,685 crore as against ₹4,371 crore in Q4 FY26.

IndusInd Bank reported a net interest margin (NIM) of 3.57% for Q1 FY27, compared to 3.46% in the corresponding period last year.

NTPC Green Energy shares soared as much as 9.1% to hit an intraday high of ₹99.60 apiece, a day after posting a consolidated net profit of ₹304.84 crore in the April-June FY27 quarter, marking a 38.26% YoY increase from ₹220.48 crore in the year-ago period.

Its revenue from operations jumped 62.72% YoY to ₹1,106.86 crore for the reporting quarter, as against ₹680.21 crore in the first quarter of FY26.

The stock of Waaree Energies jumped as much as 1.57% to reach the session's peak of ₹2,739.80 per equity share, after the company secured a new order.

In an exchange filing on Wednesday, Waaree Energies said that its wholly-owned subsidiary, Waaree Solar Americas, has received an order for the supply of 125 MW solar modules from a renowned international customer that owns and manages utility-scale renewable power projects.

As per the deal, Waaree Solar Americas will supply its high-efficiency HJT (Heterojunction Technology) solar modules to the customer in the financial year 2026-27.

Eternal shares surged 4% during the market hours on Thursday, July 23, as investors focused on the company’s strong financial performance in Q1 results, while analysts predict growth tailwinds for the fiscal year 2026-27.

Its management commentary estimated that the company is expected to deliver quick commerce steady-state margins at the upper end of the 5% to 6% range, as the firm aims to deepen its presence in next-tier cities in India.

It posted a 268% surge in its consolidated net profit after tax (PAT) to ₹92 crore in the April to June quarter results for the financial year 2026-27, in comparison with ₹25 crore profit in the same period a year ago.