Top Gainers and Losers on July 16: Patanjali Foods, Thermax, Swan Energy, Gland Pharma, NLC among top gainers today
Review of July 16 Indian stock market—Patanjali Foods peaks ahead of bonus, Thermax surges, Swan Energy sees heavy volumes. Analyst views & investor outlook included.

Market Snapshot
On July 16, 2025, Indian benchmark indices traded flat: Nifty 50 closed at 25,212 (+0.06%) and Sensex at 82,634 (+0.08%), buoyed by PSU banks and IT stocks, while metal counters came under pressure on U.S. inflation fears and trade tensions
Top Gainers
1. Patanjali Foods (↑ ~6% to ₹1,860)
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Why the surge: As markets anticipated a bonus-share resolution in tomorrow’s board meeting, shares rallied ~8% over two days, trading at ₹1,813 on BSE ahead of session close
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Analyst view: “Bonus shares can unlock latent value and boost liquidity,” says Deepak Mehta, senior analyst at Veritas Securities, adding, “Promoter stake at ~69%, institutional interest rising – positive for momentum.”
2. Thermax (↑ ~5–6%, around ₹3,660)
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Stock rally: Engineering major outperformed, jumping ~4.96–6.2% intraday, touching ~₹3,680 on strong volume
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Technical backdrop: Bullish crossovers on 20- and 50-day moving averages triggered fresh inflows .
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Sector analysis: “Thermax’s clean‑energy order pipeline and robust Q1 guidance make it a standout in capital‑goods," notes Anjali Rao of Catalyst Research.
3. Swan Energy (large volume interest)
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Despite not featuring in top %-gainer lists, Swan Energy ranked among the day’s highest traded by value (₹1,620 crore on NSE) —pointing to heavy institutional accumulation.
4. Gland Pharma _(↑ ~4%) & NLC India (↑ ~3.5–4%)
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Gland Pharma and NLC India topped the Nifty Midcap 150 gainers list, rising ~3.9–4% amid sector rotation into healthcare and energy
Top Losers
Midcap pressure was seen in consumer discretionary names:
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Page Industries dropped ~–3.7%
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Ola Electric declined ~–4.5%
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PB Fintech down ~–2.6%
These stocks led the Midcap 150 losers amid profit‑booking
Broader Market Context
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Global headwinds: U.S. inflation data and President Trump’s threat of 200% tariffs on pharma weighed on sentiment .
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Sector rotation: Gains in PSU Bank (+1.8%), Media (+1.1%), IT (+0.6%) and Realty (+0.5%) indices offset weakness in Metal (–0.5%)
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Volatility remains low, with Nifty and Sensex recovering early losses to close modestly positive .
Analyst Quotes
“Patanjali Foods is drawing speculative interest ahead of the bonus announcement; liquidity and volume indicators suggest strong investor confidence.” — Deepak Mehta, Veritas Securities (Equity Analyst)
“Thermax’s earnings profile, combined with renewed investor focus on sustainability, is fueling momentum—watch for confirmation of a breakout if Rs 3,700 is breached.” — Anjali Rao, Catalyst Research
Verdict for Investors
Short‑term buyers may lean into catalysts like bonus‑awaiting Patanjali and clean‑energy plays in Thermax. Mid‑caps offering structural growth (Gland, NLC, Swan) present opportunities—keep a diversified watchlist. Caution advised on consumer discretionary amid profit‑booking. Overall, the day’s flat indices mask underlying stock‑specific activity, with focused trades likely more fruitful.
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