NIFTY50, SENSEX trade higher in afternoon session; MRF, Paytm, Meesho among buzzing stocks

The equity benchmark indices were seen trading in the green in the afternoon session on Thursday, May 7, tracking their Asian peers as market investors remain hopeful of a potential peace deal between the US and Iran.

At 1 PM, the S&P BSE SENSEX was up 89.97 points, or 0.12%, at the 78,048.49 level, while NSE’s NIFTY50 was trading at the 24,384.45 level, rising 53.50 points, or 0.22%.

HDFC Life Insurance was the most contributing stock, rising 3.16%, followed by Bajaj Auto (3.15%), Mahindra & Mahindra (2.69%), Shriram Finance (1.74%) and NTPC (1.61%).

On the flip side, Titan (-1.53%), Hindustan Unilever (-1.41%), TCS (-0.97%), Bajaj Finserv (-0.88%) and Tech Mahindra (-0.8%) were the biggest losing stocks on the 50-share index.

Buzzing stocks on May 7: Check list

Shares of One 97 Communications, the parent company of Paytm, surged as much as 7% to ₹1,186 apiece on Thursday, after the company reported its financial results for the quarter and year ended March 31, 2026.

The company reported a consolidated net profit of ₹184 crore for the quarter ended March 31, 2026 (Q4 FY26). It had reported a loss of ₹540 crore in the year-ago period. Its revenue from operations came in at ₹2,264 crore, up 18.4% against ₹1,912 crore logged in the year-ago period.

For the full fiscal year 2025-26 (FY26), Paytm reported a revenue of ₹8,437 crore, up 22% YoY, while EBITDA came in at ₹502 crore, against the loss of ₹1,506 crore in the previous fiscal.

Meesho shares gained 8% to a day high of ₹211.34 apiece on Thursday as the company reported a 47.1% YoY increase in revenue to ₹3,531 crore compared to ₹2,400 crore revenue in the same quarter last year. Revenue remained flat on a sequential basis.

The company managed to narrow down its losses sharply by 88% to ₹166 crore in Q4FY26. Meesho reported a net loss of ₹1,391 crore in Q4 FY25. Net loss was also lower compared to the ₹491 crore loss reported in the previous quarter.

For the full year ended 31 March 2026, Meesho’s revenue rose 34.4% to ₹12,626 crore from ₹9,390 crore a year earlier. Meanwhile, its full-year loss stood at ₹1,358 crore compared to ₹3,942 crore in FY25, down by 65.5% YoY.

Shares of two-wheeler manufacturer Bajaj Auto hit their 52-week high on Thursday, a day after the firm released its earnings for the quarter ended March 31, 2026. The stock rose as much as 4.07% to ₹10,740 per unit on the NSE. At 12:48 PM, it was up 2.81% to ₹10,608.5 apiece.

Bajaj Auto reported a standalone net profit of ₹2,746 crore in the fourth quarter of the current financial year (Q4 FY26), marking an increase of 34% driven by strong operating performance from ₹2,049 crore in the same period last year.

The Pune-based company's revenue from operations also surged 32% in the reporting quarter to ₹16,006 crore as compared to ₹12,148 crore on a year-on-year (YoY) basis.

Along with its earnings, Bajaj Auto’s board of directors has also recommended a dividend of ₹150 per share (1500% of the face value of ₹10) for FY26, subject to shareholders’ approval at the AGM. If approved, the dividend will be paid on or around July 24, 2026, to shareholders on record as of May 29, 2026, which has been fixed as the record date.

In FY26, Bajaj Auto reported its highest-ever volumes, exceeding 5 million units with a 10% YoY growth, surpassing its previous peak achieved in FY19.

CG Power and Industrial Solutions shares rallied 5.2% to hit a 52-week high of ₹872.35 apiece on Thursday, after the company reported a positive quarter. The company posted a 34% jump in its consolidated profit to ₹365 crore for the quarter ended March 2025–26. In the corresponding period of the previous fiscal year, its profit was ₹272 crore.

The Mumbai-headquartered company's revenue from operations rose 25% in the January-March period to ₹3,442 crore from ₹2,753 crore in the year-ago period.

Its order intake rose 23% YoY to ₹4,505 crore, while the unexecuted order backlog stood at ₹15,719 crore as of March 31, 2026, marking a 59% growth compared to the previous year.

Shares of Brigade Enterprises tumbled nearly 5% to an intraday low of ₹772.25 apiece on Thursday after the board of directors decided to declare a bonus issue of shares for the investors at a ratio of 1:3 with a face value of ₹10 apiece.

If approved, the NSE filing data showed that Brigade Enterprises’ board will grant one bonus share to every investor holding three equity shares in the company, based on eligibility up to the predetermined record date of the corporate action.

The real estate developer, Brigade Enterprises’ board, also announced a ₹2 per share final dividend with a face value of ₹2 per share for shareholders subject to the necessary approval, according to the exchange filing.

Brigade Enterprises recorded a 23% fall in its March quarter net profit after tax (PAT) to ₹190 crore, compared year-on-year with ₹249 crore in the same period of the previous financial year.

Shares of Godrej Consumer Products slipped as much as 5.4% to an intraday low of ₹1,035 apiece on Thursday as the firm’s March quarter earnings failed to impress the investors. It posted a 9.68% YoY surge in its consolidated profit after tax (PAT) to ₹451.77 crore in Q4 FY26, compared to ₹411.90 crore in the same period last year.

The company’s revenue from operations jumped 10.99% YoY to ₹3,900.44 crore for the reporting quarter, as against ₹3,514.23 crore in the fourth quarter of the 2024-25 fiscal year (Q4 FY25).

The top-line advanced on the back of 6% underlying volume growth and 7% growth on a constant currency basis, according to a regulatory filing. Its EBITDA (earnings before interest, tax, depreciation and amortisation) grew by 10% YoY in Q4 FY26 and had an EBITDA margin of 21.7%.

Godrej Consumer Products’ board of directors also declared an interim dividend of ₹5 per share (500%) with a face value of ₹1 each for the financial year 2026-27.

Shares of MRF jumped 3% to an intraday high of ₹1,33,950 apiece on Thursday after the tyre manufacturer posted a 37.56% increase in its consolidated net profit to ₹702.25 crore in the latest March quarter, compared to ₹510.5 crore a year back. Its revenue from operations rose 13.70% YoY to ₹8,044.22 crore.

The company's board also recommended a final dividend of ₹229/- (2290%) per share of ₹10 each, subject to approval of shareholders at the ensuing annual general meeting.