---
title: "Price Action: Embassy Developments, Kansai Nerolac, Paytm gain up to 20%; KPI Tech, Blue Star decline after earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285482228.md"
description: "Indian equities experienced significant stock movements on May 7, with Embassy Developments rising 20% after the NCLAT quashed its insolvency proceedings. Kansai Nerolac Paints gained 8% following a revenue and profit increase. Paytm's stock rose 4% after reporting its first full-year profit. Conversely, KPI Green Energy and Blue Star declined after disappointing earnings. The market showed positive breadth, with more stocks advancing than declining, while volatility remained low amid mixed global cues. Stock-specific developments and earnings announcements are expected to influence market direction in the near term."
datetime: "2026-05-07T04:01:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285482228.md)
  - [en](https://longbridge.com/en/news/285482228.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285482228.md)
---

# Price Action: Embassy Developments, Kansai Nerolac, Paytm gain up to 20%; KPI Tech, Blue Star decline after earnings

Indian equities witnessed stock-specific action on May 7, with several stocks posting sharp gains and losses amid a broadly range-bound market.

Among the gainers, Embassy Developments surged 20 percent for the second straight session after the NCLAT quashed insolvency proceedings against the company. Kansai Nerolac Paints advanced 8 percent after reporting an 8 percent rise in both revenue and net profit for the fourth quarter.

Midcap and smallcap stocks continued to witness selective buying interest. Paytm gained 4 percent after the company reported its first full-year FY26 profit of Rs 522 crore, while revenue rose 22 percent. GE Vernova T&D India also climbed 3 percent amid higher volumes.

On the downside, KPI Green Energy extended losses after falling 5 percent in the previous session and declining another 4 percent following weaker earnings. Blue Star slipped 3 percent after reacting to an earnings miss.

Sectorally, auto and capital goods stocks outperformed, with both indices rising 1 percent each, while the realty and BSE Bankex indices lagged, declining 0.3 percent each.

Market breadth remained positive, with 2,087 stocks advancing and 908 declining on the BSE, indicating broad-based participation. Traders said the market continued to remain stock-specific, with earnings visibility and news flow driving price action. While largecaps remained relatively stable, midcaps and smallcaps witnessed sharper moves on both sides.

Volatility remained contained, though participants stayed cautious amid mixed global cues and ahead of key domestic triggers. Stock-specific developments, earnings announcements and global trends are expected to continue dictating market direction in the near term.

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