• Among top performers on the Nifty Smallcap Index
• Gains as much as 6.3% to Rs 494.4
• Biggest single-day gain in over two months
• Up for the second straight day
• Snapped a four-day losing streak on Thursday
• Today's volumes are 1.8 times higher than its 30-day average
• Breaks above its 50-Day Moving Average of 488.7
• Has nearly doubled from its 52-week low of Rs 257 on August 23, 2019
• All six analysts tracking the stock have a buy recommendation
• Return potential for the stock as per Bloomberg data is 21%

The company has informed the exchanges that it has bagged fresh export orders from the U.S.

The order of 2,700 truck wheels is for the truck and trailer market and is estimated to be around $1,10,000.

The order will be executed from its Chennai plant in the month of July.

It expects further large orders in the coming weeks from other regular customers in the U.S.

Shares gained as much as 5.5% to Rs 390 and are up in four out of the last five trading sessions.

The company reported a 28.6% decline in its revenue for the quarter ending March. Rs 63 crore worth of revenue was lost due to Covid-19 and the subsequent lockdown, it said in an investor presentation.

Net profit fell 59.6% while Ebitda declined 69.6% compared to the previous year.

Lower sales and higher other expenses led to the company's margins narrowing to 13.5% from 31.6% during the same period last year.

Revenue from the general trade segment declined 29.2% while that from the modern trade segment fell 12% from the previous year.

The company has declared a dividend of Rs 2 per equity share for FY20.

Shares fell as much as 8.1%, the biggest single-day fall in three months to Rs 140, before recovering. The stock has also snapped a three-day gaining streak.

The company's wholly-owned subsidiary, Tata Power Renewable Energy (TPREL) has received the Letter of Award (LoA) from the Maharashtra State Electricity Distribution Company (MSEDCL) to develop a 100 MW solar project in Maharashtra.

The energy supplied to MSEDCL, under a Power Purchase Agreement (PPA) will be valid for a period of 25 years from the scheduled commercial operation date, the company said in its statement to the exchanges.

The project needs to be commissioned within 18 months from the date of execution of the PPA.

The cumulative capacity of renewables of the company now stands at 3,557 MW, post this order, according to the company's MD & CEO Praveer Sinha.

Shares surged to the day's high, gaining as much as 1.86% to Rs 43.75 and are up for the third straight day.

• Benchmark indices fluctuate between gains and losses
• Nifty up 0.4% at 10,131
• Sensex up 0.33% at 34,330
• Nifty Bank up 0.64% at 21,095
• Nifty Midcap Index up 0.6%
• Nifty Smallcap Index up 1.5%
• India Volatility Index down 1.5% to 30.98]
• Nifty Realty Index is the top sectoral gainer; up 3%
• Nifty PSU Bank, Nifty Pharma and Nifty Media gain between 1.2-1.7%
• Nifty I.T. is the only sectoral laggard; down 0.6%
• Bajaj Finance is the top Nifty gainer; up 3.2%
• Infosys is the top Nifty laggard; down 1.8%
• 1,233 stocks on the NSE trade with gains while 412 decline