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SENSEX, NIFTY extend gains; GMDC, Ather Energy, Sarda Energy, PNB Housing Finance among buzzing stocks
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4 min read | Updated on August 04, 2025, 12:34 IST
SUMMARY
Shares of GMDC rose 9% on the back of heavier than usual trading volumes. Trading volume in the share jumped by 7.4 times to 1.90 crore shares as against an average trading volume of 25.74 lakh shares.
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Shares of ABB India tanked 6.19% to hit its intraday low of ₹5,054 apiece on the National Stock Exchange. | Image: Shutterstock
The Indian equity benchmarks extended gains in noon deals on Monday, August 4, led by gains in index heavyweights like Reliance Industries, Mahindra & Mahindra, Bharti Airtel, Bharat Electronics, Larsen & Toubro, Tata Steel and Tata Consultancy Services. The SENSEX rose as much as 328 points and NIFTY50 index touched an intraday high of 24,684.65 after touching a low of 24,554. As of 12:15 pm, the SENSEX was up 299 points at 80,899 and NIFTY50 index was up 111 points at 24,677.
In an attempt to steady the operations and reassure stakeholders, PNB Housing Finance has announced a series of key senior-level appointments. The company named Jatul Anand, previously a function head, as Executive Director, and Valli Sekar as Chief Business Officer – Affordable Business, both appointments effective from August 2.
The electrification and automation major reported a 20% decline in net profit at ₹352 crore during the June quarter compared to the year-ago period, primarily due to the impact of forex volatility and higher expenses.
The company had reported a profit after tax of ₹443 crore in the same quarter of 2024, a company statement said. The company follows a January-December financial year.
According to the firm’s statement, ABB India has achieved a revenue of ₹3,175 crore for the second quarter, higher than ₹2,831 crore in the same period a year ago.
Delhivery had posted a 67% year-on-year (YoY) rise in its consolidated net profit to ₹91 crore in the first quarter of the 2025-26 fiscal year (Q1FY26). In the corresponding period a year ago, the firm had clocked a profit of ₹54 crore.
The logistics company’s revenue from contracts grew 6% YoY to ₹2,294 crore during the quarter under review, compared to ₹2,172 crore in the June quarter of FY25.
Delhivery had turned profitable in the fourth quarter of financial year 2024-25.
The stock price jumped as much as 5.38% to hit a record high of ₹366 on the NSE.
On the listing day, shares started the trade at ₹326.05, up 1.57% from the issue price on the BSE. Later, it climbed 3.70% to ₹332.90.
On the NSE, it listed at ₹328, a premium of 2.18%.
Ather Energy's initial public offering (IPO) got subscribed 1.43 times on the closing day of bidding, backed by oversubscription in QIB and retail investor categories.
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