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  5. SENSEX, NIFTY50 extend gains; Zydus Wellness, IT stocks, Ather Energy among buzzing stocks

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SENSEX, NIFTY50 extend gains; Zydus Wellness, IT stocks, Ather Energy among buzzing stocks

Upstox
By Upstox News Desk

5 min read | Updated on September 01, 2025, 13:02 IST

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SUMMARY

Shares of the electric two-wheeler maker rose as much as 10% to hit an intraday high of ₹495 after the company on Saturday unveiled a new two-wheeler platform for a new generation of electric scooters across multiple segments.

Stock list

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The measure of IT stocks on the National Stock Exchange was the top sectoral gainer. Image: Shutterstock

The Indian equity benchmarks extended gains in noon deals on the back of buying interest in Mahindra & Mahindra, Infosys, ICICI Bank, Eternal, TCS and Tata Motors. The SENSEX rose as much as 445 points and NIFTY50 index touched an intraday high of 24,576.

Investors’ sentiment got a boost from better-than-expected Q1 economic growth data. India's economy rose at 7.8% in the first quarter of current financial year.

As of 1:01 pm, the SENSEX was up 421 points at 80,222 and NIFTY50 index advanced 142 points to 24,568.

Here are buzzing stocks in Monday's session:

Ather Energy: Shares of the electric two-wheeler maker rose as much as 10% to hit an intraday high of ₹495 after the company on Saturday unveiled a new two-wheeler platform for a new generation of electric scooters across multiple segments.
The company also announced a series of other significant product and technology developments, including showcasing a concept moto-scooter, Redux, and AtherStack 7.0, which would alert riders to share live location, report on potholes and crashes, and update them on tyre pressure, among others.

"Built for versatility, scalability, and cost optimisation, the new e-scooter platform is the first vehicle architecture since the launch of Ather 450," the company announced at an event.

PG Electroplast: PG Electroplast shares gained as much as 4.4% to an intraday high of ₹557.05 apiece on Monday, September 1, as the company’s arm, Next Generation Manufacturers, signed a Memorandum of Understanding (MoU) with the Government of Maharashtra to invest ₹1,000 crore in a greenfield consumer electronics manufacturing project at Kamargaon, Ahilyanagar.

The project is expected to create over 5,000 direct and indirect jobs in Maharashtra, “significantly boosting the consumer electronics ecosystem in western India,” the company said.

Bajaj Auto: Shares or the Pune-based two-wheeler maker rose as much as 3.58% to hit an intraday high of ₹8,940 after the company reported a 5% year-on-year growth in total vehicle wholesales, including exports, at 4,17,616 units in August.

Bajaj Auto had sold 3,97,804 vehicles in August 2024, according to a regulatory filing.

Total domestic sales (including commercial vehicles) declined 8 per cent to 2,32,398 units in August compared to 2,53,827 units sold in the corresponding month last year.

Total exports for July rose 29 per cent year-on-year to 1,85,218 vehicles from 1,43,977 units in the year-ago period, according to the filing.

Ola Electric: Shares of the two-wheeler maker rose as much as 13.18% to hit an intraday high of ₹61.14. The stock has been witnessing buying interest in last four out of five trading sessions since August 25, data from BSE showed. In the last five trading sessions, the stock has gained nearly 30% from ₹47.18.

The stock came under buying interest after it secured PLI certification for Gen 3 scooters.

Ola Electric secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio, a move expected to boost profitability from the second quarter of fiscal 2026.

The certification, granted by the Automotive Research Association of India (ARAI) under the Ministry of Heavy Industries, covers all seven models in Ola’s Gen 3 scooter lineup, including its flagship S1 Pro and S1 X variants.

With both its Gen 2 and Gen 3 portfolios now PLI-compliant, the company is eligible for incentives ranging from 13% to 18% of determined sales value until 2028.

Zydus Wellness: Shares of the Ahmedabad-based packaged foods maker rose as much as 8.89% to hit an intraday high of ₹2,196 after its UK-based subsidiary Alidac signed an agreement to acquire Comfort Click.

The stock was witnessing heavier than usual trading volumes as trading volume shares spiked by 17 times to 5.97 lakh shares against average trading volume of 34,655 shares on the National Stock Exchange.

On the BSE, as many as 46,000 shares changed hands compared with an average of 2,212 shares traded daily in the past two weeks.

IT stocks: Shares of information technology (IT) companies were witnessing buying interest in trade on Monday, September 1, after government data showed that buoyant growth in the services sector, which is dominated by the services sector, led the Indian economy to register real GVA growth of 7.6% in Q1 of FY 2025-26.

Analysts said that value buying at lower levels after witnessing a sharp sell-off also aided the upmove in IT stocks.

The measure of IT stocks on the National Stock Exchange was the top sectoral gainer. The NIFTY IT index rose as much as 1.68% to hit an intraday high of 35,771.25. All 10 shares in the NIFTY IT index were trading higher, led by Mphasis' 2.72% gain.

Oracle Financial Services Software, Coforge, Infosys, Tech Mahindra, Tata Consultancy Services (TCS), Persistent Systems and Wipro also rose between 1 and 2.6%.

Disclaimer: This article is purely for informational purposes and should not be considered investment advice from Upstox. Please consult with a financial advisor before making any investment decisions.
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