Losses, Gains, and JVs: Nifty Midcap 150’s Wild Ride Led by MRPL and Ola Electric

The Nifty Midcap 150 index saw a spirited rally on July 23, 2025, with MRPL, Ola Electric, and Sona BLW emerging as top gainers, driven by a mix of investor optimism, corporate actions, and financial disclosures.

Key market movers:

- MRPL surged 6.93 percent to Rs 154.84, leading the pack despite reporting a quarterly loss of Rs 271.97 crore for June 2025

- Ola Electric climbed 6.8 percent to Rs 42.90, buoyed by narrowing losses and improved quarterly revenue of Rs 828 crore

- Sona BLW gained 3.52 percent to Rs 489.60, supported by stable earnings and news of a joint venture in China

Financial pulse:

- MRPL’s annual revenue rose to Rs 94,681.62 crore in FY25, though net profit remained modest at Rs 28.08 crore

- Ola Electric’s annual revenue jumped to Rs 4,514 crore, but net losses widened to Rs 2,276 crore

- Sona BLW posted a net profit of Rs 579 crore in FY25, with EPS climbing to Rs 9.57

Corporate actions:

- MRPL announced a final dividend of Rs 2.00 per share and proposed MOA amendments

- Ola Electric released its earnings call transcript and monitoring agency report

- Sona BLW declared a final dividend of Rs 1.60 per share and signed a JV term sheet with JNT

The midcap rally reflects investor appetite for growth-oriented plays despite mixed profitability trends.

Sources: Moneycontrol, Trade Brains, Economic Times, company filings