Benchmark indices NSE Nifty 50 and BSE Sensex were trading higher on Thursday afternoon, up 0.85% and 0.92% respectively as of 12:14 p.m. The Nifty 50 touched an intraday high of 23,648.05, while the Sensex climbed to 77,784.86, though gains remained largely range-bound.
Here are the stocks that moved the most.
Wipro
Wipro Ltd.'s share price fell over 6% to Rs 232.15 after the company issued a weak revenue outlook for the June quarter, forecasting a sequential decline of 3.5% to 1.5%. While fourth quarter net profit beat estimates, rising 6.6% to Rs 3,588 crore, revenue missed Bloomberg consensus, coming in at Rs 22,504.2 crore.
Lupin
Lupin Ltd. gained 1.43% to Rs 1,961.90 after Nomura maintained its ‘buy' rating despite a US court ruling in favour of Astellas Pharma in an ongoing patent dispute. Nomura remains optimistic on generics, citing strong possibility of Indian players like Lupin and Zydus prevailing in the litigation.
Cello World
Cello World Ltd. jumped as much as 7.37% to Rs 603.45 after Kotak Institutional Securities upgraded the stock to ‘buy' with a target of Rs 717. The brokerage called the recent 35% correction overdone, and backed the stock despite lower margin and revenue estimates, citing upcoming gains from a new glassware plant.
Angel One
Angel One Ltd. dropped 6.44% to Rs 2,201 after reporting a sharp fall in the March quarter profit and missing bottom-line estimates. Revenue was in line, and the board announced a final dividend of Rs 26 per share for fiscal 2025. Weak earnings spooked investors, dragging the stock down.
Waaree Renewable Technologies
Waaree Renewable Technologies Ltd. surged 14% to Rs 1,170 after reporting an 83% jump in net profit and 74% rise in revenue in the fourth quarter. The company's EPC sales spiked 76%, while the order book grew 38% year-on-year to 3,263 MW, supporting bullish sentiment around the stock.
Sonata Software
Sonata Software Ltd. fell over 14% to Rs 288 after management warned of a revenue decline from its largest client in the March quarter. The company expects a sequential drop of 2.5% to 3.5%, factoring in an unplanned ramp-down, discounts, and seasonal weakness in the TMT segment.
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