Hindalco shares declined on Friday after reports pointed to a fire incident at Novelis' Oswego plant in the US.
EVs remain central to the company's long-term roadmap, with M&M aiming for 20-30 per cent EV contribution by FY30, compared to 8 per cent currently.
Around 1:10 PM, Tilaknagar Industries shares were trading 3.49 per cent higher at ₹504.95 per share. In comparison, BSE Sensex was trading 0.46 per cent higher at 85,574.36 levels.
At 11:45 AM, Epac Prefab Technologies share price was trading at ₹325.70, up 5.63 per cent. By comparison, BSE Sensex was trading 0.31 per cent higher at 85,452.60 levels.
At 10:30 AM, UFO Moviez share price was trading 10.80 per cent higher at ₹85.75 per share. In comparison, BSE Sensex was trading 0.18 per cent higher at 85,336.66 levels.
Nuvama remains upbeat on APL Apollo Tubes after its recent interaction with the company's top management, reiterating a 'Buy' rating with a target price of ₹2,093, valued at 36x Q2FY28E EPS
At 9:30 AM, VA Tech share price continued to trade higher, up 1.99 per cent at ₹1,430. In comparison, BSE Sensex was trading 0.20 per cent higher at 85,355.60 levels.
At the middle of this optimism is RIL's first battery Giga factory in Jamnagar, slated to start operations in early calendar year 2026 (CY26) with a production capacity of 40GWh per year.
Technology stocks led a sharp rally as the Sensex crossed 85,000 for the first time in nearly 14 months. Both benchmark indices are now less than a per cent away from fresh lifetime peaks
The rally was sparked by Phillip Capital's 'Buy' recommendation on Lumax Auto Technologies Ltd, along with a target price of ₹1,860, implying a 36 per cent upside.
KEC International said the Company does not envisage any major impact on its operations and financial position, considering the strong order book and tender pipeline.
Azad Engineering shares rose after the company announced that the company has entered into a master term agreement and purchase agreement with Pratt & Whitney (P&W) Canada.
Analysts believe the worst of stress cycle is over & that SBI Cards is entering final phase of its balance sheet cleanup, setting the stage for a recovery in credit costs, CIF growth & return ratios.
According to Nuvama, the outlook for OMCs is clouded by high capital expenditure commitments and rising under-recoveries, which are set to keep return ratios suppressed.
The upgrade by Nomura comes on the back of a strong operational performance in Q4FY25, where Siemens delivered a meaningful beat despite pockets of muted demand.
WPIL share price rose after the company announced that its South African subsidiary has received a contract worth ₹426 crore from Metsi Ke Matla JV.
While revenue growth remained resilient, weaker margins, demerger-linked costs and stretched valuations have clouded the near-term view for SKF India, analysts said.
Nifty Midcap 100 strikes new highs
The brokerage, which earlier had a 'Reduce' rating on VIP Industries, said the near-term outlook has turned 'hazy,' warranting caution until the new leadership outlines a credible turnaround plan.
The uptick in ideaForge Technology share price came after the company secured two orders worth ₹107 crore from the Ministry of Defence.