Stocks such as Bandhan Bank, Syngene International, Blue Star, Escorts Kubota, and KEI Industries surged on the Nifty Midcap 150 index, demonstrating strong momentum in India’s stock market. These companies, with robust financials and consistent growth, contributed to the overall rally of the index during the trading session.
The Nifty Midcap 150 index witnessed a notable rally, driven by strong performances from several companies, including Bandhan Bank, Syngene International, Blue Star, Escorts Kubota, and KEI Industries.
Bandhan Bank led the gainers with a 3.15% rise to ₹180.65. The bank, headquartered in Kolkata, West Bengal, is a leading Indian commercial bank focused on serving underbanked populations.
Syngene International, a Bengaluru-based contract research and manufacturing services company, surged 2.94% to ₹655.00. Despite a minor dip in net profit to ₹496.20 crore in FY25, Syngene’s revenue continued to grow, reaching ₹3,642.40 crore.
Blue Star, a prominent air conditioning and commercial refrigeration company, saw its stock climb 2.85% to ₹1,880.60. Known for its strong legacy, Blue Star’s financial track record reflects a consistent upward trend, including a net profit of ₹18.47 crore in the most recent year reported.
Escorts Kubota, the Haryana-based engineering firm known for its agricultural and construction equipment, gained 2.5%, hitting ₹3,346.00. It posted a robust revenue of ₹10,243.88 crore and a net profit of ₹1,125.17 crore.
KEI Industries, a Delhi-based manufacturer of electrical cables and wires, also rose 2.16% to ₹3,813.20. The company reported a revenue of ₹9,735.88 crore and net profit of ₹696.41 crore in its latest financial results.
These midcap companies contributed significantly to the upward momentum of the Nifty Midcap 150 index, underscoring positive investor sentiment and financial resilience amid market volatility.
