Vedanta, Transrail Lighting, Trent, and Honasa Consumer Propel Market Gains as SENSEX Surges
On Tuesday, October 6, the National Stock Exchange saw a robust rally, with the benchmark SENSEX climbing as much as 0.68% to an intraday high of 72,875.26, while the NIFTY50 surged 0.64% to touch 22,700.70. At 12:23 PM, the S&P BSE SENSEX had gained 447 points, or 0.62%, to trade at 72,829.47, and the NSE’s NIFTY50 stood at 22,686.15, reflecting a 130.40‑point, or 0.58% jump. The indices were buoyed by positive global cues and easing crude oil prices, sustaining the green trend throughout the afternoon session.
Transrail Lighting’s shares climbed as much as 4.9% to reach a session peak of ₹485.50 apiece after the company secured new orders worth ₹412 crore in its core Transmission & Distribution (T&D) business. The regulatory filing indicated that the order wins mainly include projects in the domestic market for transmission line reconductoring through HTLS conductors. Post these new orders, the order intake for the year has grown to ₹2,021 crore, and the company has further L1 (lowest bidder) orders totalling ₹409 crore.
Vedanta shares advanced as much as 4.06% to touch an intraday high of ₹265.40 apiece after the company said its board will meet this week to consider and approve its first interim dividend for the financial year 2026-27. In a regulatory filing, the company said it will meet on Thursday, October 8, 2026, for this purpose, and the record date for determining the entitlement of equity shareholders for the dividend, if declared, is being fixed as Wednesday, October 14, 2026.
Trent’s shares surged as much as 12.8% to hit an intraday high of ₹2,909 per unit after the Tata Group retailer reported a strong business update for the September quarter of the 2026-27 financial year (Q2 FY27). In its provisional business update shared on Monday, the company said its standalone revenue from operations, excluding GST, rose 23% year-on-year to ₹5,788 crore in Q2 FY27, compared with ₹4,724 crore a year ago. Revenue from merchandise sales, excluding other operating income, also grew 23% during the quarter, and the company’s H1FY27 revenue rose 21% YoY to ₹11,454 crore.
Honasa Consumer’s shares rallied as much as 11.5% to hit an intraday high of ₹493 per unit after the company said it expects net sales value (NSV) growth in the early thirties year-on-year in Q2FY27. The growth is expected to be broad-based, supported by traction across its focus categories and brands. Mamaearth, Honasa Consumer’s largest brand, is expected to post high-teens YoY NSV growth during the quarter, supported by rising brand affinity and a widening offline footprint. The company’s younger brands, including The Derma Co., Aqualogica, BBlunt, Dr Sheth’s and others, are expected to accelerate growth to around the mid-forties.
Kotak Mahindra Bank stock surged as much as 4.4% to hit an intraday high of ₹434.40 per equity share on October 6, as the company, in its business updates for the September quarter, showed that its net advances surged 24.7% year-on-year to ₹5,77,094 crore, compared to ₹4,62,688 crore in the same period a year earlier. The private bank’s CASA (current account savings account) deposits surged 11.3% YoY to ₹2,49,105 crore, from ₹2,23,791 crore a year earlier. The data showed that the total deposits of the bank surged 23.2% YoY to ₹6,51,491 crore in the September quarter, and Kotak Mahindra Bank’s FCNR(B) deposits aggregated to $5.78 billion or ₹55,344 crore due to RBI’s India swap facility for FCNR(B) deposits.