Market benchmarks witnessed significant profit booking on Tuesday, 26 May, as investors remained cautious due to persisting uncertainties over a potential US-Iran deal. According to reports from Mint, the Nifty 50 dropped below 24,000 to 23,950 during the session, while the Sensex declined over 500 points to 76,181 after crude oil prices jumped over 3% during the day. However, Indian markets saw a strong rebound on Monday with the Nifty index surpassing 24,000 and expected to move higher, as reported by The Economic Times. Among the biggest losers on the Nifty were Apollo Hospitals Enterprise, Bharti Airtel, Tata Consultancy Services, Wipro and Trent. On the other hand, gains in FMCG and metal stocks helped limit broader market weakness, with top Nifty gainers including Adani Enterprises, Tata Motors, Tech Mahindra, Nestle India and Eternal. Despite weakness in frontline indices, broader markets remained relatively resilient with the Nifty Midcap index rising 0.5% and the Smallcap index gaining 0.35%, supported by stock-specific buying in sectors such as telecom, renewable energy, railways and infrastructure.
Vodafone Idea, Jaiprakash Power Ventures (JP Power), Suzlon Energy, Davangere Sugar Company, and Adani Power were among the most traded stocks on the NSE. As reported by Mint, other notable stocks included Fineotex Chemical, YES Bank, HFCL, and Bharat Coking Coal. Additionally, Apollo Micro Systems, Ola Electric Mobility, PC Jeweller, Pine Labs, GTL Infrastructure, Tata Silver Exchange Traded Fund, Tata Gold Exchange Traded Fund, Sun Pharma Advanced Research Company, Vedanta, Reliance Power, and Wipro were also among the most traded stocks on the NSE. Among actively traded stocks, Vodafone Idea remained the most traded counter for at least the tenth consecutive session after its recent credit rating upgrade and 5G rollout announcements, while Suzlon Energy gained following strong quarterly operational performance.
Vodafone Idea emerged as the most active stock with more than 51 crore shares changing hands as the stock climbed 1% to hit its 52-week high of ₹14.17 during the session. According to Mint, the stock has surged 38% so far in May after a 20% rise in April, rising for the tenth consecutive session. In an exchange filing on 25 May, Vodafone Idea said CRISIL Ratings had assigned a 'CRISIL A -' rating with a stable outlook on its ₹35,000 crore bank facilities. The latest rally comes despite concerns surrounding the company's core operational performance. Vodafone Idea had earlier reported a consolidated net profit of ₹51,970 crore for the March quarter, largely driven by a one-time accounting gain linked to AGR liabilities, while revenue growth remained subdued at around 3% year-on-year. However, sentiment received additional boost after Vodafone Idea announced plans to roll out fifth-generation (5G) services across multiple cities in West Bengal by June, accelerating its long-awaited expansion strategy.
JP Power recorded more than 14 crore shares changing hands as the stock jumped 4%, rising for the fourth consecutive session. As reported by Mint, Adani Power has finalised agreements with Jaiprakash Associates to purchase a 24% stake in JP Power and the 180 MW Churk thermal power plant located in Uttar Pradesh, as part of a resolution plan approved by the NCLT for JAL. The acquisition is valued at over ₹4,193 crore and is expected to bolster Adani Power's generation capacity and strengthen its footprint in Uttar Pradesh. Investors welcomed the transaction as a significant milestone in Jaiprakash Associates' debt resolution process and as a strong endorsement of JP Power's asset value amid ongoing consolidation in the thermal power sector.
Suzlon Energy saw over 14 crore shares changing hands as the stock rose 3% during the session, a day after reporting its March quarter results. According to Mint, Suzlon reported a 5.74% year-on-year decline in its consolidated profit to ₹1,114.35 crore for Q4FY26. However, revenue from operations for the March quarter jumped 45% YoY to ₹5,468.06 crore. EBITDA jumped 39% YoY to ₹964 crore, while EBITDA margin stood at 17.6% compared to 18.4% YoY. The company also reported record annual and quarterly wind turbine deliveries in India, with its order book standing at nearly 5.9 GW, providing strong revenue visibility for the coming quarters. Brokerages remained largely constructive on the stock following the results, citing strong industry tailwinds, improving balance sheet strength and execution momentum in the renewable energy sector. As reported by The Economic Times, Suzlon shares rose on the BSE despite the company reporting a 6% year-on-year decline in Q4 consolidated net profit, with profit jumping 150% sequentially from the December quarter.
SAR Televenture emerged as a standout performer in the SME segment, rallying 3.77% to ₹145.90 on Friday despite broader market weakness. According to Livemint, the stock gained as much as 3.77% to ₹145.90 on the NSE following the company's announcement of strong financial results for the year ended 31 March 2026. SAR Televenture is a provider of integrated telecom infrastructure solutions including 4G/5G tower deployment, high-performance fiber networks, and end-to-end digital connectivity for residential and commercial developments. The company's net profit in H1FY26 jumped 55% to ₹36.22 crore from ₹28.52 in the corresponding period of last financial year, while revenue from operations grew 35% to ₹280.35 crore from ₹207.21 crore year-on-year. EBITDA during the period increased 35% to ₹50.74 crore from ₹37.48 crore, with EBITDA margin growing by 1 basis point to 18.10% from 18.09% YoY. For the full financial year 2025-2026, net profit registered a growth of 55% YoY to ₹72.49 crore, while revenue from operations increased by 49% YoY to ₹522.11 crore. EBITDA in FY26 grew by 62% YoY to ₹99.75 crore, with EBITDA margin improving by 148 bps to 19.10%.
Analysts expect volatility to remain elevated in the near term as investors continue to track crude oil prices, geopolitical developments, global bond yields and foreign fund flows for further direction. Railway-linked stocks such as Rail Vikas Nigam and Container Corporation of India remained under pressure after weak quarterly earnings. Despite market weakness, railway-linked stocks such as Rail Vikas Nigam and Container Corporation of India remained under pressure after weak quarterly earnings. The mixed performance across sectors reflects selective investor interest, with FMCG and metal stocks helping limit broader market weakness while telecom, renewable energy, railways and infrastructure sectors saw stock-specific buying.
