Top gainers and losers, Oct 15: Tech Mahindra jumps 4.7%, RIL gains 3%; Nestle India tanks 8%; check full list

The Indian equity benchmark indices ended 2% higher after staging a strong rally on Thursday, October 15, driven by gains in IT, banking and auto stocks.

The surge in heavyweight stocks like Reliance Industries (RIL), Tech Mahindra and Bharti Airtel also added to the momentum. Shares of RIL rallied following the unveiling of Reliance Jio's much-awaited IPO details.

The digital and telecom arm of Reliance Industries has set a price band of ₹1,065 to ₹1,119 per share for its initial public offering (IPO) that could raise about ₹30,213 crore at the top of the range, making it India’s largest.

The broader market, however, underperformed the main indices, with the Nifty Midcap 100 falling 0.36% to settle at 59,197.25, while the Nifty Smallcap 100 declined 1.31% to end at the 19,131.70 level.

NIFTY50 top gainers and losers

Tech Mahindra was the biggest contributor, surging 4.75% ahead of its September quarter earnings. The IT major is expected to report decent growth in revenue and net profit for Q2 FY27, aided by new deal wins.

Tech Mahindra’s net profit could rise 28% to 32% YoY and 4% to 8% QoQ to between ₹1,530 crore and ₹1,580 crore. Growth is likely to be supported by the ramp-up of new deals and strong demand from the BFSI and retail verticals. The company reported a net profit of ₹1,465 crore in the previous quarter and ₹1,194 crore in the same quarter last year.

On the flip side, Nestle India (-7.76%) was the biggest loser on the 50-share index, while Adani Enterprises and Trent slipped 0.83% and 0.72%, respectively. Shriram Finance (-0.65%) and Bharat Electronics (-0.51%) were also among top laggards.

NIFTY Midcap 100 top gainers and losers

Yes Bank (-14.53%) was the biggest loser, while BHEL and GE Vernova T&D India also fell 6.41% and 5.75%, respectively. Apar Industries (-5.58%) and Bank of Maharashtra (-3.54%) were also among the top losers’ pack.

On the contrary, Tata Communications emerged as the top gainers on the index, soaring 5.47% after reporting a consolidated net profit of ₹341 crore on Thursday for the July-September quarter (Q2 FY27), marking a growth of 86% from ₹183 crore logged in the same period last year.

Hindustan Petroleum Corporation (5.27%), Hero MotoCorp (3.8%), Godrej Properties (2.82%) and Billionbrains Garage Ventures (2.72%) were the other main gainers.

NIFTY Smallcap 100 top gainers and losers

Netweb Technologies India (-7.33%), Chennai Petroleum Corporation (-6.93%), Anant Raj (-6.84%) and Emmvee Photovoltaic Power (6.38%) dropped the most on the index.

Among the gainers’ pack included Gallantt Ispat (8.9%), Cemindia Projects (5.77%), Apollo Tyres (3.46%), Cohance Lifesciences (3.33%) and Angel One (2.27%).