Top Gainers and Losers on July 22: Eternal, Swiggy, NLC India, GMDC, MRPL, Paytm, Hitachi Energy among top gainers today

Mumbai, July 22, 2025 — Indian equity benchmarks started the week on a positive note with strong buying interest in select sectors including energy, PSUs, and newly listed tech stocks. The Sensex gained over 300 points while the Nifty 50 reclaimed the 25,650 level. Amid this rally, several individual stocks stood out — Eternal, Swiggy, NLC India, GMDC, MRPL, Paytm, and Hitachi Energy emerged as top gainers, while profit booking dragged down others.

Let’s take a detailed look at today’s top gainers and losers in the Indian stock market.

Top Gainers on July 22

1. Eternal Biopharma

Gain: +7.2% | CMP: ₹92.10
Despite a 90% YoY drop in Q1 net profit, Eternal Biopharma witnessed a sharp 7% surge today, likely driven by investor optimism over its drug pipeline and ongoing clinical trials.

“Eternal is showing resilience in market perception due to its focus on innovative molecules and international expansion,” said Richa Garg, pharma analyst at Angel One.

2. Swiggy (Delisted Re-entry via RTO Route)

Gain: +9.5% | CMP: ₹182.60
Swiggy, which recently re-entered the public markets through a reverse takeover (RTO), soared nearly 10% amid buzz around its upcoming subscription model, Swiggy One Prime.

3. NLC India Ltd (Neyveli Lignite)

Gain: +6.3% | CMP: ₹215.80
The PSU energy major surged after the government hinted at enhanced capital allocation for renewable projects under the revised National Electricity Plan.

4. Gujarat Mineral Development Corporation (GMDC)

Gain: +5.8% | CMP: ₹296.75
Shares of GMDC rallied on strong coal production updates and renewed interest from institutional investors betting on mining reforms.

5. Mangalore Refinery and Petrochemicals Ltd (MRPL)

Gain: +5.2% | CMP: ₹181.50
Oil refining stocks gained after a bounce-back in crude margins and increased export orders from Southeast Asia. MRPL, being a key exporter, led the uptrend.

6. Paytm (One 97 Communications)

Gain: +4.9% | CMP: ₹452.60
Paytm shares recovered as investors shrugged off regulatory overhang and focused on cost rationalization and potential partnership with PSU banks for wallet services.

7. Hitachi Energy India Ltd

Gain: +4.6% | CMP: ₹4,320.80
The stock gained on the back of its newly announced ₹850 crore transmission project in collaboration with PowerGrid Corporation, aligning with India’s energy transition agenda.

Top Losers on July 22

1. Zomato Ltd

Loss: -3.8% | CMP: ₹178.25
Zomato declined as profit booking set in after a multi-week rally. Analysts note investors are rotating away from high-growth stocks toward value-driven names.

2. Adani Total Gas Ltd

Loss: -3.1% | CMP: ₹948.60
Adani Total faced selling pressure amid concerns about rising input costs and lower city gas distribution volumes in Q1.

3. Tata Steel Ltd

Loss: -2.6% | CMP: ₹141.40
Weak global steel prices and muted demand outlook in Europe dragged Tata Steel down for the second consecutive session.

4. Nykaa (FSN E-Commerce Ventures)

Loss: -2.3% | CMP: ₹152.80
Nykaa declined after its Q1 update failed to impress. Slower growth in its fashion vertical and rising competition were cited as key concerns.

5. Canara Bank

Loss: -1.9% | CMP: ₹131.50
Despite healthy Q1 earnings, Canara Bank saw minor profit booking as investors booked gains ahead of the RBI’s August policy review.

Market Context: Strong Underlying Sentiment with Sectoral Rotation

Today’s gains were primarily led by PSUs, mid-cap energy players, and new-age tech firms like Swiggy and Paytm, reflecting strong sectoral rotation and interest in government-aligned infrastructure themes.

The Nifty PSU Index rose nearly 2.3%, while the Nifty Energy Index climbed 1.8%, tracking firm international crude oil prices and improving refining margins. Tech-heavy indices showed resilience despite muted cues from Nasdaq futures.

Expert Take

“The broader market is still healthy despite stock-specific volatility. Investors are rewarding companies with clear capex visibility or regulatory clarity,” said Kunal Shah, Head of Equity Research, ICICI Direct.

“Momentum remains positive in PSUs and capex-linked themes, but caution is advised in high-growth, loss-making startups where valuations are still stretched,” added Shah.

Investor Outlook: Balanced but Watchful

Investors are advised to maintain a sector-neutral stance while looking for opportunities in undervalued PSUs, energy stocks, and companies with strong order books. Stocks like GMDC, NLC India, and Hitachi Energy are expected to remain on radar due to policy tailwinds.

However, profit booking in richly valued tech names like Zomato and Nykaa could continue in the near term unless backed by earnings upgrades. The movement in Paytm, Swiggy, and Eternal should also be tracked carefully as part of the high-volatility segment.