Synopsis : LG Electronics India, Galaxy Surfactants and Apex Frozen Foods surged after strong Q1 FY27 performances, while Tata Motors Passenger Vehicles and railway stocks declined. Technocraft Ventures also made a strong debut, listing at more than a 34% premium, while LEAP India opened with modest gains.
Indian benchmark indices remained under pressure in midday trade on Friday, August 14, with the Nifty 50 hovering around 24,345 and the BSE Sensex near 77,843.
Despite the broader weakness, several stocks witnessed sharp company-specific moves following quarterly earnings, IPO listings and other developments.
LG Electronics India and Galaxy Surfactants were among the biggest gainers after reporting strong Q1 FY27 performances. Apex Frozen Foods also rallied sharply after a significant improvement in profitability.
On the other hand, Tata Motors Passenger Vehicles came under pressure following a weak quarterly performance, while several railway-related stocks traded lower.
Technocraft Ventures also attracted attention after making a strong stock-market debut, listing at a premium of more than 34% over its IPO price.
Here are the top movers and shakers at this hour:
LG Electronics India
LG Electronics India Ltd. share price rallied nearly 9% by midday after the company reported a strong Q1 FY27 performance.
The company’s net profit increased 27% year-on-year to Rs 652 crore, while revenue from operations rose 15% to Rs 7,233 crore.
EBITDA increased 26% to Rs 904 crore, while the operating margin improved to 12.50% from 11.44% in the year-ago quarter.
The improvement was supported by higher volumes, stronger demand for premium products and better performance in the home entertainment segment.
The strong quarterly numbers boosted investor sentiment and pushed the stock sharply higher during Friday’s session.
Apex Frozen Foods
Apex Frozen Foods was another major gainer, with the stock price jumping nearly 17% by midday.
The company reported a significant improvement in profitability during Q1 FY27.
EBITDA nearly doubled to Rs 31 crore from Rs 16 crore in the same quarter last year, while profit after tax increased 137% to Rs 21 crore.
Revenue remained broadly flat year-on-year at around Rs 256 crore. However, it improved sharply on a sequential basis.
The EBITDA margin also doubled to 12% from 6% a year earlier.
The sharp improvement in operating profitability triggered strong buying interest in the stock.
Tata Motors Passenger Vehicles
Tata Motors Passenger Vehicles was among the biggest losers, with the share price plunging around 5% by midday.
The decline came after the company reported a weak Q1 FY27 performance, with profit falling sharply year-on-year.
The company’s Jaguar Land Rover business was particularly affected by temporary supply constraints.
JLR volumes declined around 10% year-on-year, partly due to a fire at a major component supplier at the beginning of the quarter.
EBIT margins also contracted to 2.8% in Q1 FY27 from 4% in Q1 FY26.
Lower volumes and higher variable marketing expenses further pressured profitability.
Following the results, several brokerages adopted a more cautious view on the stock, adding to the selling pressure during Friday’s session.
Galaxy Surfactants
Galaxy Surfactants Ltd. share price surged around 20% by midday and hit its upper circuit after the company reported a sharp improvement in quarterly profitability.
Consolidated net profit jumped 110% year-on-year to Rs 166 crore in Q1 FY27.
Revenue from operations increased 39% to Rs 1,782 crore from Rs 1,278 crore in the corresponding quarter last year.
The company reported record quarterly profitability despite challenges related to feedstock prices and supply-chain disruptions linked to developments in West Asia.
The combination of strong revenue growth and significant profit expansion triggered heavy buying interest in the stock.
Railway Stocks
Railway-related stocks remained under pressure during midday trading, with weakness visible across several counters.
IRCTC declined around 1.32%, while SAIL fell 0.94%.
BEML declined 1.43%, IRFC slipped 0.71%, RVNL fell 0.81%, RailTel declined 0.95% and RITES dropped 0.87%.
The Nifty India Railways PSU Index was also down around 0.70%.
The weakness came despite Indian Railways reporting a 1.46% year-on-year increase in freight loading during Q1 FY27 to 419.08 million tonnes.
The broader selling suggests investors remain cautious toward railway-related stocks despite continued growth in railway activity.
Technocraft Ventures
Technocraft Ventures made a strong debut on the stock exchanges on Friday.
The stock listed at a premium of 34.43% on the BSE and 33.96% on the NSE compared with its IPO issue price of Rs 212.
The company’s Rs 251.88 crore IPO had received strong investor interest, with the issue subscribed 38.69 times.
Technocraft Ventures is an engineering, procurement and construction company involved in infrastructure projects across areas such as water and wastewater management, roads, highways, transmission and urban infrastructure.
The company operates across several Indian states.
A large portion of the fresh issue proceeds is intended to support the company’s working-capital requirements.
The strong listing indicates robust investor interest in the infrastructure and EPC space.
LEAP India
LEAP India also made its stock-market debut on Friday, although the listing gains were considerably more modest.
The stock listed at a premium of 4.40% on the BSE and 4.33% on the NSE compared with its IPO issue price of Rs 159.
The company’s Rs 2,480 crore IPO was subscribed 8.38 times.
The issue included a fresh issue of Rs 480 crore and an offer for sale worth Rs 2,000 crore.
The fresh issue proceeds are primarily intended for repayment or prepayment of borrowings and working-capital requirements.
While the stock opened higher, its relatively modest listing premium compared with Technocraft Ventures reflected a more measured investor response.
Conclusion
Friday’s midday trading session once again highlighted how company-specific developments can outweigh broader market weakness.
Strong Q1 results pushed LG Electronics India, Galaxy Surfactants and Apex Frozen Foods sharply higher, while Tata Motors Passenger Vehicles faced selling pressure following a weak quarterly performance.
Railway stocks also remained under pressure despite continued growth in freight loading, while the IPO market saw mixed debut performances from Technocraft Ventures and LEAP India.
For investors, the key factors to watch remain earnings growth, margin performance, demand trends and management commentary, rather than simply the day’s share-price movement.
Disclaimer:
This article is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy or sell any security. Investors should conduct their own independent research and consult a SEBI-registered financial advisor before making investment decisions.
.jpg)