SENSEX and NIFTY Trade Rangebound; Patanjali Foods, Ixigo, Tech Mahindra, and Sona Comstar Among Active Stocks
By Upstox News Desk | Updated July 17, 2025, 12:25 IST
The Indian stock market witnessed a subdued and cautious trading session on Thursday with major indices SENSEX and NIFTY operating within a narrow range and exhibiting a slight negative bias ahead of the weekly expiry of NIFTY50 futures and options contracts.
Market Overview
As of midday trading, the SENSEX was down by 92 points at 82,542 while the NIFTY50 index declined 22 points to 25,189. The NIFTY50 index touched an intraday high of 25,238 and a low of 25,144, reflecting a lack of clear directional momentum. The SENSEX followed a similar pattern, fluctuating within a range of approximately 350 points.
Heavyweights including Infosys, ICICI Bank, Larsen & Toubro, Reliance Industries, and Tech Mahindra acted as significant drags on the NIFTY50 index, weighing on investor sentiment.
Buzzing Stocks in Focus
Patanjali Foods
Shares of Patanjali Foods were observed trading subdued following the company’s board approval of a bonus share issue in a 2:1 ratio. According to an official filing, the company’s Board of Directors recommended issuing two new fully paid-up equity shares for every one existing share held by eligible shareholders as of the record date. Despite the positive corporate action, the stock experienced muted trading activity.
Sona BLW Precision Forgings
The auto parts manufacturer recorded notable gains, with its shares rising as much as 7.38% to an intraday high of ₹488. This surge was accompanied by a remarkable increase in trading volumes, quadrupling to 1.22 crore shares compared to the average daily volume of 32 lakh in recent weeks. Sona BLW’s strong volume and price action underline heightened investor interest.
Ixigo (Le Travenues Technology)
Shares of travel service provider Ixigo rallied impressively, gaining up to 15.24% to touch a fresh 52-week high of ₹206 on the BSE. On the NSE, the share price also surged by 15% to an intraday high of ₹206.20 following the release of its June quarter financial results. Ixigo reported a 75% year-on-year revenue increase to ₹321 crore for the quarter ended June 2025, alongside a 28% rise in net profit to ₹19 crore. These strong operational results have buoyed investor confidence.
Tech Mahindra
The IT sector saw a contrasting trend with Tech Mahindra sliding over 2% after the company’s June quarter earnings fell short of market expectations. In constant currency terms, Tech Mahindra’s revenue declined by 1.4% sequentially and 1% year-on-year. The company’s technology, media, and entertainment vertical was particularly impacted, registering a 3.3% drop due to ongoing restructuring efforts and significant budget cuts by a prominent semiconductor industry client.
Kalpataru Projects
Shares of Kalpataru Projects advanced by nearly 3.9% to ₹1,243.90 on early trading after the company announced securing new orders worth approximately ₹2,293 crore. These orders span the Buildings and Factories segment domestically and Power Transmission and Distribution projects in overseas markets, underpinning an optimistic outlook from the company’s management.
Thermax
Thermax shares climbed over 8% to a high of ₹3,965 on the back of heavy trading activity. Trading volumes surged more than sixfold to 12.53 lakh shares relative to an average 2.03 lakh shares traded daily over the past two weeks. The significant rise in volume coupled with price appreciation reflects strong market interest.
Disclaimer:
This article is intended solely for informational purposes and does not constitute investment advice. Readers are encouraged to consult financial advisors before making any investment decisions. The stock market is subject to risks, including but not limited to market volatility and fluctuations.
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Note: All price and volume data are as reported on July 17, 2025.