Why These Stocks Are Rising and Falling Today: LTTS, WIPRO & INFY Gain; GALLANTT, SOBHA, & JINDALSAW Decline

Indian equity markets opened higher on Wednesday, October 21, with the Nifty 50 trading 0.93% up at 23,102 by 9:44 AM, buoyed by positive global cues and rising optimism over the India-US trade deal. Sentiment improved after US Secretary of State Marco Rubio said India-US trade negotiations were nearing completion and a deal was expected in weeks.  Crude oil prices remained high on the back of continuing tensions in the Middle East. Brent crude climbed about 1.41% to USD 110.32 a barrel on Wednesday, supported by ongoing concerns about supply disruption and threats to oil shipments. Despite recent easing of US restrictions on Russian oil purchases, India remained concerned about uncertainty over global oil supplies.

On the institutional front, foreign institutional investors (FIIs) remained net sellers on Monday, October 19, offloading equities worth around Rs 1,149 crore, while domestic institutional investors (DIIs) purchased shares worth around Rs 3,201 crore. Stock-specific activity remained in focus as investors tracked quarterly earnings announcements, corporate developments and management commentary.

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

Top Gainers for October 21: LTTS, WIPRO & INFY Gain Up to 13.5%

L&T Technology Services Ltd Price Jumps 13.5%

L&T Technology Services is among the top gainers in the Nifty 500 today and is trading at ₹4,100 at 9:44 am, gaining 13.5% from its previous close on NSE, following the company’s Q2FY27 earnings announcement. Consolidated revenue increased 12.1% year-on-year to ₹3,040.4 crore, while net profit rose 66.8% to ₹548.2 crore. The company secured large deals exceeding USD 200 million, with AI-led deals accounting for over 50 per cent of the total.

Trading volumes stood at 20 lakh, compared with the 30-day average volume of 1.3 lakh shares.

Wipro Ltd Share Price Rises Over 3.7%

Wipro Ltd is witnessing strong buying interest, with the stock gaining 3.7% to ₹189.05 on Wednesday, October 21, at 9:44 am, supported by buying interest in IT stocks following the company’s Q2FY27 earnings announcement. The company reported a 9.1% year-on-year increase in consolidated revenue to ₹24,750 crore, while net profit declined 1.9% to ₹3,200 crore. IT services operating margin improved by 50 basis points sequentially to 16.5%. Total deal bookings stood at USD 2,595 million, while large deal bookings reached USD 674 million.

Trading volumes stood at 1.2 crore  shares, compared with the 30-day average volume of 2 crore shares.

Infosys Ltd  Share gains 3.4%

At 9:44 am, the Infosys Ltd share price was trading at ₹1,169.20, up by 3.4% from its previous close on the NSE, supported by buying interest in IT stocks and the company's recent announcement of an expanded collaboration with US-based financial services firm Truist. Meanwhile, the company is scheduled to announce its Q2FY27 financial results on October 23, 2026.
Trading volumes stood at 40 lakh shares, compared with the 30-day average volume of 1.1 crore shares.

Top Losers for October 21:GALLANTT, SOBHA, & JINDALSAW Fall Up to 5.5%

Gallantt Ispat Ltd Share Price Falls 5.5%

Gallantt Ispat Ltd share price was trading at ₹591.50 down 5.5% from its previous close on the NSE at 9:44 am, following the company's Q2FY27 earnings announcement. Consolidated revenue from operations increased 13.15% year-on-year to ₹1,145.89 crore, while net profit declined 31.96% to ₹60.51 crore from ₹88.93 crore in the corresponding quarter last year.

Operating profit fell 16.61% to ₹109.69 crore, indicating pressure on profitability despite higher revenue. On a sequential basis, net profit declined 51.07% from ₹123.67 crore in Q1FY27. The weaker profitability may have contributed to selling pressure in the stock, although the precise reason for Wednesday's decline has not been independently established.
Trading volumes stood at 16.1 lakh shares, compared with the 30-day average volume of 27.2 lakh shares.

Sobha Ltd Share Price Declines 4.1%

Sobha Ltd. shares saw selling pressure on Wednesday, October 21 with the stock trading at ₹1,127.60 around 9:44 am, dropping 4.1% during morning trade, following the company's Q2FY27 earnings announcement. The company reported a 31.3% year-on-year decline in consolidated revenue from operations to ₹967.06 crore, compared with ₹1,407.66 crore in the corresponding quarter last year. Net profit declined 54.5% to ₹32.96 crore.

Trading volumes stood at 2.1 lakh shares, compared with the 30-day average volume of 1.3 lakh shares.

Jindal Saw Ltd Share Price Drops 4.6%

Jindal Saw Ltd share faced selling pressure on Wednesday, October 21, and was trading at ₹283.50, down 4.6% from its previous close on the NSE, following the company's weak Q2FY27 earnings announcement, as a sharp contraction in operating margins and profitability weighed on investor sentiment. The company reported a 6.1% year-on-year increase in consolidated total income to ₹4,523.1 crore, while EBITDA declined 35.2% to ₹312.3 crore from ₹481.6 crore in the corresponding quarter last year.

Trading volumes stood at 5.6 lakh shares, compared with the 30-day average volume of 17.5 lakh shares.