Jul 18, 2025

Gainers & Losers: Axis Bank, GMDC among top 7 stocks that moved D-St on Friday

Nishtha Awasthi, ETMarkets.com

Newmakers of D-Street

Indian benchmark indices closed in the negative on Friday, dragged down by a sell-off in financial stocks, disappointing earnings, and a cautious global sentiment. Investors' concerns over weaker-than-expected corporate earnings and a subdued outlook for the global economy contributed to the overall market decline, with financial stocks facing the brunt of the selling pressure.The 30-share BSE Sensex dropped 501 points, or 0.61%, to close at 81,757, while the NSE Nifty fell 143 points, or 0.57%, to end at 24,968. Here are the stocks that were in maximum action on Friday:

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GMDC

Shares of Gujarat Mineral Development Corporation (GMDC) soared 14.5% to Rs 435.40 on the BSE on Friday following reports of a potential meeting by the Prime Minister's Office (PMO) to address the rare-earth magnet crisis.

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Cupid

Cupid Ltd saw its shares surge 9.9% to Rs 146.85 on the BSE today, following the company's announcement on July 15 of a strategic investment in GII Healthcare Investment Ltd, a healthcare-focused investment vehicle managed by Gulf Islamic Investments (GII).

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Tatva Chintan Pharma Chem

Shares of Tatva Chintan Pharma Chem rose 6.9% in today’s session to settle at Rs 1,000 on the BSE, following news that prominent investor Mukul Agrawal had acquired a 1.28% stake in the company.

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Saregama India

Saregama India shares rallied 4.5% to Rs 509.30 on the BSE after the company struck a deal with NAV Records to acquire 6,500 tracks across various genres, including Haryanvi, Punjabi, Ghazals, Devotional, and Indie Pop, along with popular YouTube channels, which collectively boast over 24 million subscribers.

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Clean Science and Technology

The shares of Clean Science and Technology ended 8.7% lower at Rs 1,320.15 on the BSE following its Q1 results. The company’s PAT surged 6% YoY to Rs 77 crore; however, it was down by 3% QoQ.

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Newgen Software Technologies

The shares of Newgen Software Technologies declined 6.2% to Rs 962.85 on the BSE after weak Q1 results. The company’s consolidated net profit rose 4.5% YoY, but the operating performance weakened as EBITDA declined 6% YoY to Rs 45 crore, while EBITDA margin narrowed to 14% from 15% a year ago.

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Axis Bank

Axis Bank shares dropped 5.2% to Rs 1,099.10 on the BSE on Friday, following the private lender's 4% year-on-year (YoY) decline in standalone net profit at Rs 5,806 crore for Q1FY26, down from Rs 6,035 crore in the same quarter last year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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