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Gallant Ispat Surges 13 Percent as Nifty500 Stocks React to Q2 Results and Block Deals
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CNBC TV18•12-10-2026, 10:13
Gallant Ispat Surges 13 Percent as Nifty500 Stocks React to Q2 Results and Block Deals
- •Gallant Ispat shares jumped 13 percent at market open, backed by heavy trading volumes exceeding 79 lakh shares.
- •Poonawalla Fincorp surged over 8 percent following strong second quarter results that showed a significant increase in assets under management to 74,008 crore rupees.
- •Lenskart Solutions shares dropped over 5 percent after a massive block deal involving 2.93 crore shares valued at 1,895 crore rupees.
- •Avenue Supermarts declined more than 4 percent as its September quarter EBITDA margins missed market expectations.
- •Tech Mahindra fell over 4 percent following the voluntary liquidation of its step-down subsidiary LCC Networks Poland.
Key Questions Answered
At market open on Monday, October 12, 2026, Gallantt Ispat Ltd led the Nifty 500 index with a 13% surge. Additionally, Poonawalla Fincorp Ltd surged over 8% following strong second quarter results, and IFCI Ltd saw gains of over 7%.
Poonawalla Fincorp stock surged after the company reported strong second-quarter financial results featuring sharp earnings growth, healthy assets under management expansion, and improving asset quality. Its AUM increased to ₹74,008 crore, marking a 55.1% rise from the previous year.
Lenskart Solutions fell over 5% at market open after experiencing block deals where 2.93 crore shares, or 1.67% of its equity, changed hands for ₹1,895 crore at ₹647 per share.
