As of 1PM, Shares of Vishal Mega Mart Ltd. and Indraprastha Gas Ltd. (IGL) witnessed strong upward momentum in today’s trading session, buoyed by robust company-specific developments and supportive technical indicators.

Vishal Mega Mart Ltd.VMM₹117.06 +8.68%

Vishal Mega Mart Surges 9% Post Earnings Beat

The company recorded a sharp 9% gain, breaking through its key resistance level of ₹117 amid heavy trading volumes. The rally followed the release of the company’s FY25 financial results, which revealed a stellar 88.1% year-on-year growth in net profit.

As one of India’s leading value retail chains, Vishal Mega Mart continues to serve the everyday and aspirational needs of the middle and lower-middle income population. Operating through a nationwide network of 645 stores, along with its mobile application and website, the company offers a wide product range spanning apparel, general merchandise, and fast-moving consumer goods (FMCG). By blending in-house and third-party brands, it delivers both affordability and quality to its growing customer base.

On the technical front, the stock is trading above its 10-day and 21-day moving averages, indicating near-term strength. Additionally, the MACD indicator signals positive momentum, and an RSI above 50 further confirms a bullish sentiment, suggesting the uptrend could continue in the short term.

Indraprastha Gas Ltd.IGL₹193.41 +4.52%

Indraprastha Gas Jumps 5% After CNG Price Hike

The stock rose 5% in today’s session, driven by the company’s announcement of a nationwide increase in CNG prices—a move expected to support revenue growth in the near term.

IGL is a key player in India’s City Gas Distribution (CGD) sector, focused on delivering clean and efficient energy solutions. With operations expanding across Kanpur, Bareilly, Jhansi, and Unnao in Uttar Pradesh, the company holds a strategic role in supporting the transition to eco-friendly fuel alternatives.

Technically, the stock has broken out above the ₹190 level with strong volume backing. It is also trading above its 50-day moving average, signaling a bullish bias. The RSI above 50 and a MACD crossover further strengthen the case for continued upside, making it a stock to watch in the coming sessions.

Disclaimer

Investments in securities market are subject to market risks, read all the related documents carefully before investing. This is for informational purposes and should not be considered as recommendations.

Kindly refer to  https://share.market/ for more details.

PhonePe Wealth Broking Private Limited is a member of NSE & BSE with SEBI Regn. No.: INZ000302639, Depository Participant of CDSL Depository with SEBI Regn. No.: IN-DP-696-2022, Research Analyst with SEBI Regn No: INH000013387, BSE RA Enlistment Number: 5887 and Mutual Fund distributor with AMFI Registration No: ARN- 187821. Member ID: BSE- 6756, NSE- 90226. 

Registration granted by SEBI, enlistment as Research Analyst and Certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors

Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.