Tata Steel and Hero MotoCorp were among the leading gainers on the Nifty 50 in Thursday’s early trade, supported by robust quarterly results, operational resilience, and improving sector outlooks.
Indian equity markets opened on a positive note on Thursday, with Tata Steel and Hero MotoCorp emerging as top performers in the Nifty 50 index. Strong Q1 FY26 earnings, operational efficiency, and resilient demand across key sectors bolstered investor confidence. The gains in these heavyweight stocks reflect broader market optimism as corporate India posts encouraging financial results, reinforcing expectations for sustained growth momentum in the months ahead.
Tata Steel Limited
Tata Steel, headquartered in Mumbai, is one of the largest steel producers globally, with operations spanning India, Europe, and Southeast Asia. The company caters to key sectors including automotive, infrastructure, construction, and engineering, and has an annual crude steel capacity exceeding 35 million tonnes.
At 9:25 am, Tata Steel shares were trading at ₹160.28, up 1.11% from the previous close, buoyed by strong earnings momentum.
For the quarter ended June 2025 (Q1 FY26), consolidated revenue stood at ₹53,178.12 crore, compared to ₹54,771.39 crore in the year-ago period, reflecting marginal softening in steel prices globally. However, net profit surged to ₹1,927.64 crore from ₹826.06 crore a year earlier, aided by better operational efficiency, improved raw material linkages, and favorable spreads in certain markets.
In FY25, Tata Steel reported consolidated revenue of ₹2,18,542.51 crore and a net profit of ₹2,982.97 crore, a significant recovery from a loss of ₹4,851.63 crore in FY24. The company’s debt-to-equity ratio remains at a comfortable level, supported by steady deleveraging over the past three years. Tata Steel has also increased its investment in downstream value-added steel products to counter commodity price volatility.
Also Read: Tata Steel’s Race Against Time: Cutting ₹11,500 Crore Costs to Stay Competitive
Tata Steel – Key Financials (₹ crore)
| Period | Revenue | Net Profit/Loss | Debt-to-Equity Ratio |
| Q1 FY26 | 53,178.12 | 1,927.64 | 0.58 |
| Q1 FY25 | 54,771.39 | 826.06 | 0.61 |
| FY25 | 2,18,542.51 | 2,982.97 | 0.57 |
| FY24 | 2,43,353.72 | -4,851.63 | 0.62 |
Hero MotoCorp Limited
Hero MotoCorp, based in New Delhi, is the world’s largest manufacturer of two-wheelers, with over 100 million units sold globally since inception. The company operates in over 40 international markets and is known for its extensive rural distribution network in India.
In early trade, Hero MotoCorp’s stock gained 0.97% to ₹4,606.50.
For Q1 FY26, the company posted revenue of ₹9,727.75 crore versus ₹10,210.79 crore in the same quarter last year, reflecting a shift in product mix. Net profit came in at ₹1,076.21 crore, maintaining stability due to higher-margin premium models, efficient cost controls, and a focus on exports.
For FY25, Hero MotoCorp reported revenue of ₹40,923.42 crore, up from ₹38,136.41 crore in FY24, while net profit rose to ₹4,536.93 crore from ₹3,862.41 crore. The growth was supported by strong festival season sales, improved consumer sentiment in rural areas, and a ramp-up in electric vehicle offerings under its VIDA brand.
Also Read: Hero MotoCorp Speeds Ahead with 9% Stock Gain in Five Days
Hero MotoCorp – Key Financials (₹ crore)
| Period | Revenue | Net Profit | EBITDA Margin |
| Q1 FY26 | 9,727.75 | 1,076.21 | 14.5% |
| Q1 FY25 | 10,210.79 | 1,050.12 | 13.9% |
| FY25 | 40,923.42 | 4,536.93 | 14.1% |
| FY24 | 38,136.41 | 3,862.41 | 13.4% |
Sector and Market Context
The positive price action in Tata Steel and Hero MotoCorp mirrors a broader optimism in the domestic equity markets, supported by healthy corporate earnings for Q1 FY26.
- Steel Sector Outlook: Global steel demand is expected to recover in the second half of FY26, driven by infrastructure spending in India and supply moderation in China.
- Automobile Sector Trends: The two-wheeler industry is witnessing gradual demand revival, particularly in rural markets, aided by normal monsoon forecasts and stable fuel prices. The electric mobility segment remains a key growth driver.
Other Early Session Leaders
Several other Nifty 50 constituents also traded higher. Tech Mahindra reported revenue of ₹13,351.20 crore for Q1 FY26, while Tata Consultancy Services (TCS) and Larsen & Toubro (L&T) posted ₹63,437 crore and ₹63,678.92 crore, respectively. All reported year-on-year growth in net profit, indicating resilience across IT and engineering sectors.
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