Why These Stocks Are Rising and Falling Today: BLS, BRIGADE & APOLLOTYRE Gain; HFCL, STLTECH, & CHENNPETRO Decline

Indian equities were trading higher on Thursday, October 15, with the Nifty 50 gaining 0.27% around 9:22 AM, recovering from Wednesday’s decline. Selective buying in heavyweight stocks supported the early gains, although elevated crude oil prices and global uncertainty continued to keep investors cautious. Brent crude eased to around $104 per barrel, providing some relief. Meanwhile, Reliance Industries remained in focus following the announcement of Jio Platforms’ upcoming IPO, scheduled to open on October 21.

Foreign institutional investors (FIIs) sold equities worth approximately ₹1,857 crore on Wednesday, while domestic institutional investors (DIIs) purchased around ₹2,670 crore, helping offset the outflows. Reliance Industries, IDBI Bank, HDB Financial Services and Wipro remained in focus amid IPO developments, corporate announcements and quarterly earnings.

Amidst this backdrop, here are the top gainers and losers in the Nifty 500 index.

Top Gainers for October 15: BLS, BRIGADE & APOLLOTYRE Gain Up to 7.3%

BLS International Services Ltd Price Jumps 7.3%

BLS International Services Ltd is among the top gainers in the Nifty 500 today and is trading at ₹236.33 at 9:22 am, gaining 7.3% from its previous close on NSE, primarily due to a broader stock market recovery and strong technical buying, as the stock bounced back after hovering near its 52-week low.

Trading volumes stood at 37.3 lakh shares, compared with the 30-day average volume of 8.09 lakh shares.

Brigade Enterprises Ltd Share Price Rises Over 6.9%

Brigade Enterprises Ltd is witnessing strong buying interest, with the stock gaining 6.9% to ₹625.20 on Thursday, October 15, at 9.22 am, as investors continued to assess the company's growth prospects in the residential and commercial real estate segments. Its ongoing project pipeline, upcoming launches and commercial leasing portfolio remained key areas of interest. Expectations of healthy property demand and future project completions may have supported buying interest in the stock.

Trading volumes stood at 4.2 lakh shares, compared with the 30-day average volume of 5.4 lakh shares.

Apollo Tyres Ltd Company gains 4.7%

At 9:22 am, the Apollo Tyres Ltd share price was trading at ₹418.75, up by 4.7% from its previous close on the NSE, as investors assessed demand prospects for the tyre industry ahead of quarterly earnings. A recent Motilal Oswal sector review highlighted healthy vehicle demand, although rising input costs remained a concern for tyre manufacturers. Brent crude easing towards $104 per barrel may have offered some relief, as petroleum-linked raw materials account for a significant portion of tyre production costs.

Trading volumes stood at 15.6 lakh shares, compared with the 30-day average volume of 7.6 lakh shares.

Top Losers for October 15: HFCL, STLTECH, & CHENNPETRO Fall Up to 5.0%

HFCL Ltd Share Price Falls 5.0%

HFCL Ltd share price was trading at ₹243.82 down 5.0% from its previous close on the NSE at 9.22 am, extending their decline after falling 2.04% in the previous session. The stock has witnessed profit booking following a strong rally linked to growing demand for optical fibre cables and AI-related infrastructure. Concerns over elevated valuations may also be weighing on investor sentiment, particularly after the stock recently touched a 52-week high. Meanwhile, HFCL is scheduled to announce its Q2 FY27 results on October 19, keeping investors cautious ahead of the earnings.

Trading volumes stood at 1.5 crore shares, compared with the 30-day average volume of 44.5 lakh shares.

Sterlite Technologies Ltd Share Price Declines 5.0%

Sterlite Technologies Ltd. shares saw selling pressure on Thursday, October 15 with the stock trading at ₹878.45 around 9:22 am, dropping 5.0% during morning trade after witnessing heavy selling in the previous two sessions. The stock had hit its 5% lower circuit on both October 13 and 14, indicating sustained selling interest. The recent decline has also brought attention to the company's upcoming Q2 FY27 results, scheduled for October 23, as investors await updates on earnings growth, margins and order execution.

Trading volumes stood at 5.6 lakh shares, compared with the 30-day average volume of 19.3 lakh shares.

Chennai Petroleum Corporation Ltd Share Price Drops 4.8%

Chennai Petroleum Corporation Ltd share faced selling pressure on Thursday, October 15, and was trading at ₹1,471, down 4.8% from its previous close on the NSE, following a sharp 5.9% rally in the previous session. The decline coincided with reports of stake reductions by prominent investors during the September quarter, drawing attention to changes in the company's shareholding pattern. Meanwhile, elevated crude oil prices and uncertainty over refining margins remained key factors influencing sentiment. Investors are also awaiting the company's Q2 FY27 results, scheduled for October 22, for further clarity on its financial performance.

Trading volumes stood at 11 lakh shares, compared with the 30-day average volume of 27.2 lakh shares.