Stocks of the day: These are today's hot stocks, one lost -7% after opening, the other is running high

News Topical, Digital Desk : MCX surprised the market with strong quarterly results, while Nuvama's numbers fell short of expectations. JSW Energy's results were weak, putting the stock under pressure. Meanwhile, Adani Group attempted to allay investor concerns by providing clarification on the SEC matter. Overall, these four stocks were the most discussed during the day's trading.

The most closely watched stocks on the stock market today included MCX, Nuvama, JSW Energy, and two major Adani Group companies—Adani Green and Adani Enterprises. The various news and results from these four companies significantly influenced the market sentiment. MCX shares opened at ₹2,385.00, up from a closing price of ₹2,282.00. The stock subsequently surpassed ₹2,400. Experts say MCX performed much better than expected in its Q3 results. The company's net profit increased from ₹160 crore to ₹400 crore, a significant year-over-year jump. Furthermore, revenue also increased from ₹300 crore to ₹666 crore. The company's earnings strength was also reflected in its EBITDA, which increased from ₹190 crore to ₹495 crore. MCX's EBITDA margin also increased from 64.08% to 74.32%, indicating excellent operational performance. The biggest positive was that average daily turnover in F&O increased 82% QoQ. This increase clearly indicates that derivatives trading is rapidly expanding in the market, providing a significant boost to MCX's earnings. This is why market sentiment remains positive for MCX. 

Nuvama: Q3 Results Weak Nuvama's stock opened at ₹1,310.30, compared to a closing price of ₹1,332.60. The stock subsequently fell below ₹1,240. Amid the MCX buzz, Nuvama's results fell short of expectations. The company's net profit remained flat year-over-year at ₹254 crore, while revenue increased only 6.7% from ₹1,034 crore to ₹1,104 crore. Investors were also disappointed because the company's growth momentum appears to have slowed over the past few quarters. Businesses like broking and financial services are often expected to see high growth, but this time the numbers were weak. 

Adani Group: Major clarification on SEC case Adani Green and Adani Enterprises both made news today. Adani Group clarified that it is not part of any SEC proceedings and that no charges have been filed against the company. This statement is significant because recent cases involving US agencies had raised concerns among Adani Group investors. This clarification from the company came as a relief to the market. 

JSW Energy: Weak results put pressure on the stock JSW Energy's Q3 results were not well received by the market. The company's revenue fell 13% below expectations, while EBITDA also fell 6%. The biggest reasons for the weakness were lower power generation at its Ratnagiri, Barmer, and KSK-Mahanadi plants, and sluggish bidding activity, as only 10.4 GW of bids were received in 9MFY26. Additionally, the impact of capitalization of new assets is expected to be felt over the next two years. It is estimated that the company's results will remain under pressure in FY26-27. Talking about valuation, JSW Energy is trading at 34x FY27 PE and 2.5x price-to-book, which suggests that the market did not like the weak results at high valuation.

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