Two stocks among the top gainers and losers also attained their all time high and 52-week high in intraday trade,
A brokerage initiation and a leadership transition featured among the day’s triggers, with Jefferies starting coverage on Welspun Corp even as Hexaware Technologies confirmed a change at the top and Persistent Systems pared some losses after a board approval on fund-raising.
Top gainers at market open
Welspun Corp shares rose up to 6% at market open after brokerage firm Jefferies initiated coverage with a “Buy” rating and a price target of ₹3,250 a share, implying an upside of around 29% from Wednesday’s close of ₹2,524, citing the company’s positioning to benefit from a multi-year upcycle in oil and gas infrastructure spending in the US and West Asia.
The company’s shares had risen more than 229% since the beginning of the year and over 209% in the past year. The stock hit its all-time high of ₹2,676 in intraday trade. Over 15 lakh shares of the company were traded on the stock market at 0.31 times the stock’s 10-day average.
SBI Cards and Payment Services shares rose up to 5% at market open. The company’s shares had fallen up to 23% since the beginning of the year and more than 16% in the past year. The stock was at a 45.7% decline from its 52-week high of ₹965 and 17% away from hitting its 52-week low of ₹565.45. Over 12 lakh shares of the company were traded at 0.26 times the stock’s 10-day average.
Anant Raj shares rose up to 5% at market open. The company’s shares had risen more than 11% since the beginning of the year and more than 13% in the past year. The stock was at a 20.5% decline from its 52-week high of ₹743.65 and 53.1% away from hitting its 52-week low of ₹403. Over 39 lakh shares of the company were traded at 2.82 times the stock’s 10-day average.
Top losers at market open
Godrej Consumer Products shares fell more than 3% at market open. The company’s shares had fallen almost 30% since the beginning of the year and more than 31% in the past year. The stock hit its 52-week low of ₹859.55 in intraday trade. Over 19 lakh shares of the company were traded at 1.60 times the stock’s 10-day average.
Hexaware Technologies shares fell up to 3% at market open after the company announced a leadership transition, with Srikrishna Ramakarthikeyan set to step down as CEO and whole-time director effective October 28, 2026, and Vivek Jetley appointed as his successor from the same date. Ramakarthikeyan will continue as a senior advisor.
The company’s shares had fallen more than 30% since the beginning of the year and more than 29% in the past year. The stock was at a 52.2% decline from its 52-week high of ₹807.75 and 32.5% away from hitting its 52-week low of ₹400.20. Over 1 lakh shares of the company were traded at 0.34 times the stock’s 10-day average.
Persistent Systems shares fell up to 3% at market open, before paring some of their losses after the company’s board approved a fund raise of up to $1.25 billion through long-term debt financing via external commercial borrowing, non-convertible debentures and other instruments, in one or more tranches, subject to approvals.
The company’s shares had fallen more than 10% since the beginning of the year while rising more than 4% in the past year. The stock was at a 17.6% decline from its 52-week high of ₹6,599 and 32.1% away from hitting its 52-week low of ₹4,244.50. Over 1 lakh shares of the company were traded at 0.29 times the stock’s 10-day average.
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