NIFTY50 near 24,200, SENSEX up 755 pts in noon deals; Indian Bank, Paytm, TCS among buzzing stocks

The Indian stock market was trading with gains in the afternoon session on Friday, July 10, tracking its Asian peers and a rally in information technology shares.

At 1:05 PM, the S&P BSE SENSEX was up 754.92 points, or 0.98%, at the 77,496.74 level, while the NSE's NIFTY50 was trading at the 24,192.75 level, rising 229.95 points, or 0.96%.

Buzzing stocks on July 10: Check list

Elecon Engineering shares slipped 6% to an intraday low of ₹482 apiece on Friday after the company reported a 59.9% decline in its net profit to ₹70 crore in the first quarter of the fiscal year 2027 as against ₹175.44 crore a year back. Its revenue from operations rose 6.11% to ₹521 crore in Q1 FY27, compared to ₹491 crore a year back.

The company’s EBIT grew 14.7% year-on-year (YoY) to ₹75 crores, with the EBIT margin remaining resilient at 17.9%, reflecting disciplined cost management while increasing in input costs, Elecon Engineering said.

Its order intake increased 18.8% YoY to ₹570 crore, while the open order book rose 46.9% to ₹1,043 crore on a yearly basis, providing strong revenue visibility and reinforcing confidence in sustained growth over the coming quarters.

Apollo Micro Systems shares surged as much as 5% to an intraday high level of ₹418.20 apiece after the defence tech firm acquired a stake in Premier Explosives. Meanwhile, Premier Explosives shares slipped 3.5% to an intraday low of ₹688.95 apiece. 

The Hyderabad-based company, in a regulatory filing, said it will acquire promoter shares of 41.33% in Premier Explosives in an all-cash deal. The transaction is expected to close in the December quarter of the current fiscal year (Q3 FY27), subject to customary closing conditions, regulatory approvals, shareholder approval and more.

Following completion, Premier Explosives will come under Apollo Micro Systems and will continue to operate under its existing brand, with scaled performance.

Blue Jet Healthcare shares surged more than 8% to an intraday high of ₹623.35 during the trading session after the company successfully raised ₹800 crore via a qualified institutional placement (QIP) issue, according to an exchange filing.

NSE filings showed that Blue Jet Healthcare’s investment and finance committee, after its meeting on July 9, approved the issue and allotment of equity shares to qualified institutional buyers (QIBs) at a price of ₹506 per share.

Technology equipment manufacturer HFCL shares surged 4% to a day’s high level of ₹222.66 apiece as the company secured a nearly ₹496 crore optical fibre cable solutions supply order from an undisclosed international client.

As per the NSE filing, an overseas subsidiary of HFCL secured the export order worth $51.98 million or ₹495.80 crore, for which the company will supply optical fibre cable-based data centre connectivity solutions. The company also disclosed that the supply order will be as per the needs and specifications of the foreign customer.

Shares of Tata Consultancy Services (TCS) were trading with notable gains on Friday, a day after the company registered decent financial performance for the quarter ended June 30, 2026 (Q1 FY27). The stock rallied as much as 4% to hit the high of ₹2,133.30 on the NSE.

India's largest IT services company TCS on Thursday reported a 4.61% year-on-year increase in net profit to ₹13,349 crore for the June quarter (Q1 FY27).

On the revenue front, TCS posted a 13.8% year-on-year increase in revenue to ₹72,275 crore in Q1 FY27, while revenue grew 2.2% sequentially from ₹70,698 crore in the March quarter. The company also reported an annualised AI revenue run rate of $2.6 billion**, up 13.6% sequentially, reflecting continued momentum in its AI business.

The company also expressed confidence that demand, which was impacted by the West Asia conflict during the quarter, is likely to recover in the ongoing quarter.

Parent firm One 97 Communications shares jumped 5% to an intraday high of ₹1,327 apiece on Friday as the company clarified that it has entered into a partnership with Flip (PT Fliptech Lentera Inspirasi Pertiwi) and its subsidiary PT Duta Teknologi Kreatif (“DTK”) in Indonesia.

“Under this partnership, the Company and its subsidiaries have entered into certain arrangements to provide device hardware and technology to DTK, and a minority investment has also been made in DTK, while Flip, an Indonesian technology company focused on financial services, will lead local market execution. DTK holds a PJP1 licence, which allows merchant acquiring in Indonesia,” Paytm said in a regulatory filing.

Shares of the telecom major were down 1.2% to day’s low of ₹1,906 apiece after the board of directors announced that the company has fixed the official record date for the company’s final dividend issue for the financial year ended 2025-26, according to an exchange filing.

NSE filings showed that Bharti Airtel fixed Friday, July 24, 2026, as the record date to determine the eligibility of the shareholders for the final dividend payment.

If approved in the company’s upcoming annual general meeting (AGM), all eligible shareholders will receive a dividend payment of ₹24 per share for every share they own in Bharti Airtel, up to one day ahead of the record date of the corporate action.

Indian Bank shares soared 8% to an intraday high of ₹857.95 apiece after the PSU lender reported 10.09% year-on-year (YoY) rise in its net profit at ₹3,273 crore for the quarter ended in June 2026 (Q1 FY27) from ₹2,973 crore in the same quarter of the previous fiscal year.

The bank said it has reported a 16.50% YoY rise in operating profit to ₹5,557 crore for the quarter ended June 2026, compared with ₹4,770 crore in the corresponding period last year. Net Interest Income (NII) grew 16.92% YoY to ₹7,435 crore from ₹6,359 crore a year ago.

The bank’s domestic net interest margin (NIM) improved to 3.41% from 3.35%, while the cost-to-income ratio declined by 98 basis points to 44.80% during the quarter.

On the business front, total deposits increased 13.47% YoY to ₹8,44,578 crore as of June 2026, up from ₹7,44,289 crore a year earlier. The domestic CASA ratio also improved to 39.73% from 38.97% in the same period last year.