Shakti Pumps (India) Ltd. emerged as the top gainer with shares climbing 9.43% by midday following a significant order announcement and robust quarterly results. The company delivered a record Q1 FY27 revenue of ₹858.67 crore, representing a 37.9% year-on-year growth from ₹622.50 crore in Q1 FY26. However, net profit declined 46.72% to ₹51.59 crore compared to ₹96.83 crore in the previous year, primarily due to margin pressure from elevated input costs and lower realizations on select orders. Despite the profit decline, management credited disciplined cost control for maintaining EBITDA margin at 9.6% sequentially, while noting that higher raw material costs and lower realizations weighed on earnings.
The company disclosed a ₹235.92 crore order from Maharashtra State Electricity Distribution Company for 10,000 off-grid solar photovoltaic water pumping systems. The order covers 3 HP, 5 HP and 7.5 HP pumps under the Magel Tyala Saur Krushi Pump Yojana and includes supply, transportation, installation, testing and commissioning, with execution expected within 60 days. This order represents approximately 27% of the company's consolidated revenue of ₹858.67 crore reported for the April-June quarter of FY27. Management highlighted that the company has an order book of around ₹1,000 crore, largely government-linked and considered comfortable to execute over the next two quarters, with further demand expected from existing pipelines and scheme rollouts.
Enviro Infra Engineers shares gained 1.88% after its subsidiary Suyog Urja received a ₹224.19 crore letter of intent from Tata Power Renewable Energy for EPC turnkey work on a 180 MW NTPC wind power project at Parli, Maharashtra. As reported by The Financial Express, the project includes foundations for 58 wind turbine generators, balance-of-plant work, a storage yard, access roads and a 33 kV transmission line, with execution scheduled by March 31, 2027. IRB Infrastructure Developers also advanced 2.83% following a 25% year-on-year rise in toll revenue to ₹807 crore in August, compared with ₹646 crore a year earlier. The company's IRB MP Expressway contributed ₹172 crore, while IRB Golconda Expressway and IRB Ahmedabad Vadodara Super Express Tollway contributed ₹88 crore and ₹80 crore respectively.
Ather Energy Ltd. gained 4.3% by midday as market attention remained focused on its new Konarc electric scooter and growth prospects. According to The Financial Express, the model launched in August is built on Ather's new EL platform and fifth-generation Bedrock battery pack, which comes with a 10-year or 1,00,000-km warranty. The company also reported a significant improvement in financial performance, with Q1 FY27 net loss reduced to ₹51.09 crore from ₹178.23 crore a year earlier, while revenue grew nearly 89%.
Oil And Natural Gas Corporation and Oil India shares gained over 2% each as Brent crude moved above $100 a barrel following rising concerns over supply disruptions in the Middle East. As reported by The Financial Express, higher crude prices can support realisations for upstream producers, though the impact depends on production levels and other operating factors. However, oil marketing companies faced pressure, with Indian Oil Corporation remaining nearly flat while Bharat Petroleum Corporation gained 0.26% and Hindustan Petroleum rose 1% as higher crude costs can pressure refining and marketing margins if fuel prices are not adjusted quickly enough.
The domestic equity market traded on a subdued note by midday on September 10, with the Nifty 50 hovering around 23,460 and the BSE Sensex above 74,850. According to The Financial Express, crude oil prices moving above $100 a barrel remained a key concern for the market. ESDS Software Solution extended its post-listing rally, gaining 10% and hitting the upper circuit for the second consecutive session at the revised 10% limit, rising sharply from its ₹429 IPO issue price since listing. Paint stocks faced pressure with Asian Paints declining 0.55% and Indigo Paints falling 1.28% due to higher crude price concerns over input costs, while aviation stocks InterGlobe Aviation and Spicejet also declined 0.74% and 0.64% respectively due to increased aviation turbine fuel costs.
