Top Gainers and Losers on July 10: Bharat Dynamics, Solar Industries, Garden Reach, Bharti Airtel among top losers

The Indian stock market ended another session in the red, as continued selling in It-etf-share-price-nse-bse-e00223" data-vars-anchor-text="tech" data-vars-link-type="Auto" data-vars-page-type="story">tech and banking stocks, along with a lack of support from heavyweights, kept the frontline indices under pressure.

Investors appear to have adopted a wait-and-watch approach ahead of the June quarter earnings season, as reflected in the lackluster market performance in recent sessions. Meanwhile, uncertainty over India–US trade negotiations is also weighing on sentiment.

Although overall activity in the Indian stock market remains muted, stock-specific action continues to stand out, with select sectors and individual stocks witnessing sharp moves driven by earnings expectations, corporate developments, and institutional flows.

The Nifty 50 ended the session with a decline of 0.47% at 25,355 points, while the S&P BSE Sensex fell 0.35% to 83,245 points. The broader markets also closed in red, with the Nifty Midcap 100 and Nifty Smallcap 100 each losing 0.30%.

On Wednesday, Trump sent letters dictating new U.S. tariff rates on goods from at least six more countries, including the Philippines and Iraq. This comes after Trump posted letters setting new duties earlier this week to the leaders of 14 other countries, including South Korea and Japan.

Earlier he also announced a 50% levy on copper imports and hinted that further sector-specific tariffs will soon be announced. He also threatened to impose up to 200% tariffs on pharmaceuticals imported into the U.S. but said he will “give people about a year, year and a half” until the duties go into effect.

Meanwhile, New Delhi is trying to finalize a deal with the US. It has been reported that an Indian trade delegation is likely to visit Washington in the coming days for further talks. If the negotiations succeed, India would join a short list of countries — including Vietnam, China, and the UK — that have secured trade agreements with Washington.

As the Indian stock market extended its fall into a second straight session, several key stocks declined sharply. Bharat Dynamics emerged as the top laggard, dropping 4.7% after domestic brokerage firm Motilal Oswal initiated coverage with a ‘neutral’ rating, citing rich valuations.

The brokerage said that although it likes Bharat Dynamics' business model and its ability to scale up its order book and revenue, it would prefer to enter the stock at lower price points, given the current valuations. It has assigned a target price of ₹1,900 apiece.

Metropolis Healthcare also skidded 4% as investors appeared to book profits following an eight-day uninterrupted rally that had pushed the stock to a new all-time high of ₹2,110 in the previous trading session.

Meanwhile, profit booking in Solar Industries seems to be continuing, with the stock ending its fourth straight session in the red, losing another 3% today. The stock has come under selling pressure since hitting a new peak of ₹17,820 on June 30 and has since shed 11.5% of its value.

Other stocks such as Pfizer, DCM Shriram Garden Reach Shipbuiders, PI Industries Zen Technologies Westlife Foodworld Can Fin Homes Bharti Airtel Data Patterns (India Bayer Cropscience and other 53 constituents of Nifty 500 ended the session with losses ranging between 2.9% and 1.5%.

Although the Indian stock market extended its losses to second striaght session, several stocks managed to post healthy gains.

Kirloskar Oil Engines emerged as the top gainer, rising 10.37%, followed by ACME Solar Holdings, Lemon Tree Hotels, PG Electroplast, Emami, Campus Activewear, and PCBL ChemicalCapri Global Capital, all of which closed with gains of over 5%.

Other stocks, including Sagility India, Premier Energies, UTI Asset Management Company, Paytm, Olectra Greentech, Sammaan Capital, JSW Energy, and 47 other constituents of the Nifty 500, ended the session with gains ranging between 4.2% and 4.8%.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

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