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  5. Axis Bank, Union Bank, Kaynes Tech, Anant Raj, Prataap Snacks: Check top buzzing stocks of the day

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Axis Bank, Union Bank, Kaynes Tech, Anant Raj, Prataap Snacks: Check top buzzing stocks of the day

Upstox
By Upstox News Desk

5 min read | Updated on January 28, 2025, 13:18 IST

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SUMMARY

Shares of Axis Bank rose over 4% as the Reserve Bank of India’s (RBI) fresh liquidity measure boosted the sentiment of investors. On Monday, the RBI said it will purchase government securities worth ₹60,000 crore in three tranches and announced several other steps to inject liquidity into the banking system.

At 11:50 AM, the S&P BSE SENSEX was trading at 76,135.74, up 775.04 points, or 1.03%, while the NSE's NIFTY50 index was at 23,016.85, rising 187.70 points, or 0.82%. | Image: Shutterstock

At 11:50 AM, the S&P BSE SENSEX was trading at 76,135.74, up 775.04 points, or 1.03%, while the NSE's NIFTY50 index was at 23,016.85, rising 187.70 points, or 0.82%. | Image: Shutterstock

Stock market today: The benchmark equity indices on Tuesday, January 28, were trading in green, rising nearly 1%, during the late morning deals.

At 11:50 AM, the S&P BSE SENSEX was trading at 76,135.74, up 775.04 points, or 1.03%, while the NSE's NIFTY50 index was at 23,016.85, rising 187.70 points, or 0.82%.

Here is a list of stocks that are buzzing in today's trade.
Union Bank of India: Shares of the state-owned bank advanced nearly 5% on Tuesday after it posted a profit for Q3FY25.

At 12 pm, shares of the bank was trading at ₹111.35 rising 5.40% on BSE.

The state-owned bank reported a 28.2% year-on-year (y-o-y) rise in net profit on Monday at ₹4,603.6 crore for the third quarter that ended December 31, 2024. In the corresponding quarter of the previous fiscal, Union Bank of India posted a net profit of ₹3,589.9 crore, the bank said in a regulatory filing.

Other income grew 17% y-o-y to ₹4,420 crore, lifting total income by 5.5% to ₹13,660 crore. Net interest income (NII) of the bank rose by 0.8% to ₹9,240.2 crore, compared to ₹9,168 crore in the same quarter of FY24.

Axis Bank: Shares of Axis Bank rose over 4% as the Reserve Bank of India’s (RBI) fresh liquidity measure boosted the sentiment of investors. On Monday, the RBI said it will purchase government securities worth ₹60,000 crore in three tranches and announced several other steps to inject liquidity into the banking system.

At 12 pm, the private sector bank was trading at ₹987, rising 4.12% on BSE.

Balkrishna Industries: On Tuesday, Balkrishna Industries Ltd received a favorable update from various research and brokerage firm which lead the stock to advance.

Shares of the company rose 5.53% on BSE at ₹2,708.75 during the intraday trade.

The tyre manufacturer on January 25 had reported a sharp 47% y-o-y growth in third-quarter net profit to ₹449.5 crore in the fiscal year 2024-25, compared to ₹305.4 crore in the same quarter last fiscal. The company’s revenue for the quarter stood at ₹2,560.3 crore, showing a growth of 12.6% y-o-y, up from ₹2,274.4 crore in Q3 FY23.

Also read: Budget 2025: How to trade options leading up to the Budget day? Kaynes Technology: Shares of Kaynes Technology tumbled significantly on Tuesday after the company announced revised FY25 revenue guidance. The electronics manufacturing firm lowered FY25 revenue guidance to ₹2,800 crore from the previously anticipated ₹3,000 crore.

At 11 AM, shares of the company were trading at ₹4,239.20 on BSE, tanking 19.54% after opening at ₹4,877 apiece. On NSE, the scrip was down 19.77% at ₹4,226.35.

The technology firm reported a 47% rise in its profit after tax (PAT) at ₹66.5 crore for the December quarter of FY25. In addition, the revenue during the reporting quarter stood at ₹661.2 crore, increasing 30% from ₹509.3 crore in Q3 FY24. EBITDA (excluding other income) saw considerable growth, climbing by 35% year-on-year to ₹94 crore from ₹69.90 crore during the same period last financial year.

Anant Raj: Data centre firm Anant Raj shares slumped nearly 20% on Tuesday amid the ongoing global sell-off in technology stocks, triggered by investors fear over the DeepSeek emergence.

During the intraday trade, shares of the company touched its lower circuit of 20% on BSE at ₹534.45.

Anant Raj is engaged in the business of real estate development in the National Capital Region (NCR), Rajasthan and Haryana. Additionally, the company is also expanding its existing commercial properties in Delhi and is setting up its data center vertical.
Prataap Snacks: Shares of Prataap Snacks on Tuesday opened under pressure after the company reported a net loss of ₹38 crore in its December quarter FY25.

During the intraday trade, on both the benchmark indices, Prataap Snacks declined over 4% on January 28. At 10 AM, the scrip was trading at ₹972 on BSE, losing 4.26%. On NSE, the stock was down 4.73% at ₹966.10.

The snack-making company saw its net loss widened to ₹37.92 crore during the October-December quarter as against net profit of ₹10.79 crore during the same quarter last fiscal year.

Prudent Corporate: After reporting an increase in Q3 net profit, shares of Prudent Corporate remained under pressure on Tuesday.

The stock fell over 14% on both the benchmark indices. During the afternoon trade, the scrip was trading 14.60% lower on BSE at ₹2008.75.

Net profit of the company rose 34.99% to ₹48.19 crore in the quarter ended December 2024 as against ₹35.70 crore during the previous quarter last fiscal. Sales increased 35.78% to ₹285.04 crore during the reporting quarter as against ₹209.93 in Q3FY24.

Also read: SENSEX jumps 750 pts, NIFTY50 tests 23,000; here is why stock market is surging today Aditya Birla Sun Life AMC: Shares of Aditya Birla Sun Life AMC declined nearly 9% in the mid-session deals on Tuesday after the company's December quarter earnings failed to impress the investors.

The shares of the company on BSE slumped 8.4% to ₹588.90 per piece during the intraday trade.

On Monday, Aditya Birla Sun Life AMC reported a 7% growth in profit after tax (PAT) to ₹224.5 crore for three months ended December 2024. The company posted a PAT of ₹209.3 crore in the same quarter preceding fiscal, the asset management firm said in a regulatory filing.

Revenue from operations surged 30% to ₹445.1 crore in the October-December quarter of the current fiscal against ₹341.5 crore a year ago.

Hitachi Energy: Shares of Hitachi Energy plunged over 17% on both the indices on Tuesday. The company was trading at ₹9094.10, slipping 17.15%, on BSE.

The Switzerland-based technology player’s net profit grew 111.4% y-o-y to ₹52.3 crore in Q2FY25 compared to a profit of ₹24.7 crore a year ago. Net sales rose 26.5% to ₹1,553.7 crore during the period as against ₹1,228 crore in July-September FY25.

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