Tata Technologies Net Profit Rises 2% YoY to ₹165.5 Crore; Polycab Revenue Surges 17.8%

  In a recent financial update, Tata Technologies reported a modest 2% year-on-year (YoY) increase in its net profit for Q2 FY26, reaching ₹165.5 crore . Meanwhile, Polycab India , a leading electrical goods manufacturer, showcased robust growth with a 17.8% YoY revenue increase , signaling strong market demand and operational efficiency. These results highlight the resilience and growth potential of both companies in their respective sectors. Tata Technologies: Steady Growth with Strategic Focus Commenting on the earnings, Warren Harris , Chief Executive Officer and Managing Director at Tata Technologies, emphasized the company’s strong performance in Q2 FY26. He noted, “Q2 FY26 was a quarter of strong progress and positive momentum. We achieved a return to growth, upheld margin discipline, strengthened our strategic position in Europe, advanced our innovation agenda, and continued to invest in talent and partnerships that fuel long-term value creation.” Despite anticipating...

Mid- and Small-Cap Indices Surge Over 1%: Welspun Living, OFSS, and Waaree Energies Lead Gains

 

On Wednesday, September 10, 2025, the Indian stock market witnessed robust gains in mid- and small-cap indices, with the Nifty Midcap 100 and Nifty Smallcap 100 indices rising 0.83% and 0.75%, respectively, during intraday trading. These broader market indices outperformed the main equity benchmarks, SENSEX and NIFTY50, which continued their upward trend for the third consecutive session, driven by a strong rally in IT stocks. The market sentiment was further buoyed by positive remarks from US President Donald Trump, who expressed confidence in a successful conclusion to trade talks with India, boosting investor optimism.

Mid-Cap Index Performance

The Nifty Midcap 100 index opened at 57,757.80, reaching an intraday high of 58,069.05 and a low of 57,729.90. Over the past month, the index has gained an impressive 3.4%, reflecting strong investor interest in mid-cap stocks.

Top Gainers in Mid-Cap Stocks

  • Oracle Financial Services Software (OFSS): The standout performer, OFSS surged over 10%, driven by its parent company, Oracle Corporation, reporting a 12% revenue increase to $14.9 billion for the quarter ending August 31, 2025, compared to $13.3 billion the previous year. Despite flat net income at $2.93 billion, the strong revenue growth fueled investor confidence.

  • Waaree Energies: Gained 5.84%, continuing its upward momentum in the renewable energy sector.

  • Persistent Systems: Rose 5.23%, benefiting from the IT sector rally.

  • Tata Elxsi: Climbed 4.98% after announcing the inauguration of the ‘Bayer Development Centre in Radiology’ at its Pune facility, signaling strong growth prospects in healthcare technology.

  • Bharat Dynamics: Up 4.58%, supported by positive sentiment in defense-related stocks.

  • Coforge: Advanced 4.21%, reflecting strength in the IT services space.

Other notable performers included Mphasis (4.20%), Union Bank of India (3.96%), Bank of India (3.88%), Tata Technologies (3.8%), and KPIT Technologies (3.76%), all contributing to the index’s gains.

Top Losers in Mid-Cap Stocks

Despite the overall bullish trend, some stocks faced selling pressure:

  • BSE Limited: Declined 3.46%.

  • Supreme Industries: Fell 2.72%.

  • Ola Electric: Dropped 2.52%, reflecting challenges in the electric vehicle space.

  • Escorts Kubota: Down 2.44%.

  • Aditya Birla Fashion and Retail: Decreased 2.39%.

Small-Cap Index Performance

The Nifty Smallcap 100 index opened at 17,823.10, hitting an intraday high of 17,937.55, a 1.08% increase from its previous close, and a low of 17,823.10. Over the past month, the index has risen nearly 3%, showcasing resilience in the small-cap segment.

Top Gainers in Small-Cap Stocks

  • Welspun Living: Led the index with a remarkable 10.89% surge, driven by strong demand in the home textiles sector.

  • International Gemmological Institute (India): Gained 7.13%, reflecting investor confidence in niche sectors.

  • Zensar Technologies: Rose 6.05%, benefiting from the IT sector’s momentum.

  • Himadri Speciality Chemical: Up 5.02%, supported by growth in specialty chemicals.

  • Trident: Advanced 4.23%, driven by positive sentiment in textiles.

  • Poonawalla Fincorp (3.97%), Cyient (3.93%), and Brigade Enterprises (3.24%) also contributed significantly to the index’s gains.

Top Losers in Small-Cap Stocks

Some small-cap stocks saw declines:

  • Brainbees Solutions (FirstCry): Fell 4.48%, facing pressure in the e-commerce space.

  • Inventurus Knowledge Solutions: Down 1.92%.

  • Godfrey Phillips India: Declined 1.66%.

  • Action Construction Equipment: Dropped 1.52%.

  • Crompton Greaves Consumer Electricals: Decreased 1.38%.

Market Context and Outlook

The rally in mid- and small-cap indices was underpinned by strong performances in IT, textiles, and specialty chemicals, with companies like OFSS, Welspun Living, and Waaree Energies leading the charge. The IT sector’s strength was particularly notable, fueled by positive global cues, including Oracle’s robust earnings and optimism around India-US trade relations. Over the past month, the Nifty Midcap 100 and Nifty Smallcap 100 indices have outperformed many large-cap stocks, making them attractive for investors seeking growth opportunities.

For investors, focusing on fundamentally strong mid- and small-cap stocks with exposure to high-growth sectors like IT, renewable energy, and specialty chemicals could offer significant upside potential. However, caution is advised for stocks like Ola Electric and Brainbees Solutions, which faced selling pressure amid sector-specific challenges.

Disclaimer: Stock market investments carry inherent risks. Always conduct thorough research or consult a financial advisor before making investment decisions.

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