Hindustan Zinc shares surged as much as 5.43% on May 13 after the government increased import duties on gold and silver to 15% from 6%. According to reports from The Financial Express, the Finance Ministry raised customs duty through social welfare surcharge and agriculture infrastructure and development cess, with the revised rates effective from May 13. The stock touched ₹676.80 on the NSE, while parent company Vedanta gained nearly 3% to trade around ₹313.95. Meanwhile, Mishra Dhatu Nigam (MIDHANI) jumped 8% intraday, recording a 1-month return of approximately 17.91% to 26.46%.
Berger Paints shares jumped as much as 9.27% after reporting robust March quarter earnings. As reported by The Financial Express, the paint maker posted a consolidated profit after tax of ₹334.77 crore during Q4FY26, marking a 27.75% increase from ₹262.05 crore in the corresponding quarter last year. Revenue from operations rose 6.06% year-on-year to ₹2,868.03 crore from ₹2,704.03 crore. The company recommended a dividend of ₹4 per share for FY26, subject to shareholder approval. Managing Director and CEO Abhijit Roy highlighted healthy volume growth of 11.8% during the quarter, supported by gradual demand improvement and better product mix.
Texmaco Rail & Engineering shares climbed nearly 12% after securing a significant rail contract from a South African train operating company. According to The Financial Express, the company received a Letter of Award for supplying more than 2,235 freight wagons across multiple variants along with 30 diesel locomotives. The total estimated value of the opportunity is expected to exceed ₹4,045 crore, with the agreement including a proposed long-term maintenance partnership extending over 15 years. As of Q3FY26, Texmaco Rail's order book stood at ₹5,661 crore, with the latest contract significantly strengthening its international rail business pipeline.
MTAR Technologies shares slipped as much as 3.6% despite reporting strong Q4FY26 earnings growth. As reported by The Financial Express, the precision engineering company posted a consolidated net profit of ₹44.28 crore, representing a 223% year-on-year growth from ₹13.72 crore in the same period last year. However, the market reaction suggested the stock may have already priced in the large earnings improvement ahead of the results. Dixon Technologies rallied 5.5% despite reporting a 36% year-on-year decline in consolidated net profit to ₹256 crore for Q4FY26, with revenue rising 2% to ₹10,511 crore.
Dr Reddy's Laboratories witnessed sharp swings during morning trade after reporting a steep decline in March quarter profit. According to The Financial Express, the pharmaceutical major posted an 86% year-on-year decline in consolidated net profit for Q4FY26 at ₹220 crore, with profit dropping nearly 82% sequentially. The stock opened lower at ₹1,220.20 against the previous close of ₹1,270.10 and later rose 2.6% to touch an intraday high of ₹1,303.55 before reversing direction. By midday, the stock had fallen nearly 4% from the day's high and returned close to opening levels.
