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Nifty500: Transformers & Rectifiers, Kotak Bank Surge; Bajaj Auto Dips on Weak Domestic Sales
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CNBC TV18•01-10-2026, 10:08
Nifty500: Transformers & Rectifiers, Kotak Bank Surge; Bajaj Auto Dips on Weak Domestic Sales
- •Transformers and Rectifiers (India) Ltd shares surged 8% at market open, despite a significant decline over the past year.
- •Kotak Mahindra Bank shares rose over 3% after the RBI approved Anup Kumar Saha as the next MD & CEO, effective January 1, 2027.
- •HFCL shares climbed 5% at market open, continuing a strong performance with over 242% rise since the beginning of the year.
- •Bajaj Auto shares fell 8% due to weaker domestic sales, even as total sales increased 5% year-over-year in September 2026.
- •IRCON International shares dropped over 6% at market open, following a previous surge, and are down significantly year-to-date.
Key Questions Answered
Bajaj Auto shares fell up to 8% at market open because of weaker domestic sales, despite reporting a 5% year-over-year increase in total sales to 5.38 lakh units in September 2026.
The Reserve Bank of India approved Anup Kumar Saha as Kotak Mahindra Bank's next MD and CEO. He will take over a three-year term starting January 1, 2027, replacing outgoing MD and CEO Ashok Vaswani.
Transformers and Rectifiers (India) Ltd shares surged up to 8% at market open, with over 84 lakh shares trading at 9.59 times the stock's 10-day average.
