Top Gainers and Losers on July 29: Apar Industries, Tata Chemicals, Welspun Corp, Birlasoft among top gainers today

Market Overview: A Mixed Day for Indian Equities

On July 29, Indian stock markets witnessed a mixed trading session with several key stocks exhibiting notable gains and losses. While indices showed marginal fluctuations, select companies such as Apar Industries, Tata Chemicals, Welspun Corp, and Birlasoft emerged as the top gainers, driven by sector-specific developments and positive investor sentiment. Conversely, a handful of stocks saw sharp declines, reflecting profit-booking and sectoral headwinds.

This article delves into the top movers, the underlying factors influencing their performance, expert insights, and what investors should watch in the near term.

Top Gainers of the Day

1. Apar Industries: Engineering Growth Amid Strong Order Book

Apar Industries led the gainers' list with a robust rally of over 5%. The stock benefited from a strong order book in its specialty oil and conductor manufacturing segments. The company recently announced securing several key contracts for its power conductor business, underpinning investor confidence.

Market analyst Rajesh Kumar from Hem Securities remarked, “Apar Industries has showcased consistent growth in its engineering verticals. With increasing infrastructure spends and power sector reforms, Apar is poised to capitalize on rising demand.”

2. Tata Chemicals: Rally Backed by Strong Quarterly Results

Tata Chemicals gained nearly 4.5% after posting better-than-expected quarterly earnings. The company’s diversified portfolio spanning chemicals, fertilizers, and specialty products helped it mitigate margin pressures seen in some commodity segments.

Financial strategist Anjali Mehta explained, “Tata Chemicals’ ability to maintain steady volumes despite inflationary challenges, coupled with cost optimization, is a key reason for the bullish market response today.”

3. Welspun Corp: Boost from Infrastructure Sector Optimism

Welspun Corp, a major player in the large-diameter pipes industry, jumped about 4% amid positive developments in India’s infrastructure and oil & gas sectors. Government thrust on pipeline infrastructure and rising orders from overseas markets bolstered investor interest.

Sector expert Vinod Chawla noted, “The recent pipeline contract wins and expansion plans position Welspun Corp well for medium-term growth. Infrastructure investments are a key driver in this cycle.”

4. Birlasoft: IT Sector Bright Spot

Birlasoft was among the IT sector gainers, rising over 3%. The company’s focus on digital transformation services and strong client acquisition in the BFSI (Banking, Financial Services, and Insurance) sector supported the stock’s momentum.

IT analyst Priya Sharma said, “Birlasoft is gradually gaining market share through strategic partnerships and cloud service offerings, which is translating into solid revenue growth.”

Top Losers of the Day

While certain stocks surged, some faced selling pressure, including names like Canara Bank, Reliance Industries, and CDSL, which declined between 2% and 4%. Profit booking, sector rotation, and profit-taking after recent rallies contributed to the selloff.

Market Context and Investor Sentiment

The broader indices showed restrained movement with the BSE Sensex and NSE Nifty hovering around previous day levels amid cautious investor participation. Global cues, particularly mixed US economic data and volatile crude oil prices, kept markets on edge. Meanwhile, domestic factors such as upcoming quarterly results from major companies and RBI’s monetary policy signals are influencing trading patterns.

Investment advisor Neeraj Desai remarked, “Investors are currently balancing optimism about India’s growth prospects with caution around inflation and global uncertainties. Selective stock picking, focusing on companies with strong fundamentals and visible order books, remains key.”

Sectoral Highlights

• Chemicals: Tata Chemicals’ strong performance reflects renewed interest in chemical stocks, boosted by stable input costs and demand in agrochemicals.

• Engineering & Infrastructure: Apar Industries and Welspun Corp’s gains highlight optimism in infrastructure-linked companies, especially those benefiting from government spending and export growth.

• Information Technology: Birlasoft’s rise indicates renewed faith in mid-cap IT firms with niche expertise, despite overall sector volatility.

Analyst Recommendations and Investor Outlook

Given the mixed market environment, analysts recommend a cautious but optimistic approach.

• For Long-term Investors: Focus on companies like Apar Industries and Tata Chemicals that show strong operational cash flows and order pipelines. Infrastructure-linked firms such as Welspun Corp offer attractive medium-term growth prospects due to the government’s capital expenditure focus.

• For Traders: Watch for volatility around quarterly earnings announcements and sector-specific news. IT sector midcaps like Birlasoft may offer short-term trading opportunities given positive client wins.

Sanjay Mehra, Senior Portfolio Manager at BlueChip Capital, advises, “Diversification across sectors with strong growth fundamentals is essential. Investors should avoid panic selling and consider phased buying in fundamentally sound stocks.”

July 29’s trading session underscored the nuanced market dynamics in India’s equity markets — pockets of strong buying interest amid cautious overall sentiment. Stocks such as Apar Industries, Tata Chemicals, Welspun Corp, and Birlasoft delivered solid gains, driven by sector-specific factors and strong fundamentals. Meanwhile, selective profit booking in other stocks indicates healthy market rotation.

Investors should stay attuned to earnings updates, global macroeconomic developments, and domestic policy changes as key drivers shaping market trends in the coming weeks.