Bajaj Steel, NMDC, Vedanta, IT stocks, Zomato: Check top buzzing stocks of the day

Buzzing stocks: The stock market was trading deep in the red on Monday, September 30, amid weak global cues and a sell-off in index heavyweights. Last seen, the S&P BSE SENSEX was trading at 84,603.09, down 969 points, or 1.13%, while the broader NIFTY50 was trading at 25,895.10, down 284 points, or 1.08%.

Here is a list of stocks that are buzzing in trade today. 

Ola Electric Mobility: Shares were down over 3% at ₹98.75 apiece on the BSE after the company said it will establish 10,000 sales and service outlets by the end of 2025 to expand its reach across smaller cities and towns.

PB Fintech: Shares of the company gained around 3% PB after the management clarified that it will be a minority investor in the proposed healthcare venture, with a one-time non-recurring investment. Chairman and Group CEO Yashish Dahiya said in an interview with CNBC TV18 that PB Fintech intends to acquire a 20-30% stake in the venture, with a potential investment amounting to up to $100 million, subject to board approval.

Metal stocks: Metal counters were trading with impressive gains on China stimulus measures. The NIFTY METAL index was trading 1.73% higher at 10,239.05 points. Out of 15 constituents, 14 were trading in the green. NMDC shares jumped as much as 5.1% to ₹247.10 apiece on the BSE on Monday, September 30, as prices of iron ore spiked almost 11%. Vedanta hit an all-time high of ₹523.60 on the BSE. 

Reliance Infrastructure: Shares of Reliance Infrastructure jumped as much as 6.2% to ₹343 apiece on the BSE on Monday, September 30, after the Calcutta High Court upheld a ₹780 crore arbitration award in favour of the company in a dispute with West Bengal-based Damodar Valley Corporation, the Anil Ambani group firm said in a stock exchange filing.

Bajaj Steel: Shares of the company zoomed 15% to ₹2,899 on the BSE after the company announced its board will meet on Thursday, 03 October 2024, to consider the proposal for issuance of bonus shares to the shareholders of the company. The announcement was made on Saturday, 28 September 2024.

IT stocks: IT shares cracked in the trade. The BSE IT index was trading 0.77% lower at 42,463.69 levels. 

Zomato: Shares of the company slipped over 2% to ₹272.15 apiece on the BSE after online food ordering and delivery platform on Friday said its co-founder and Chief People Officer Akriti Chopra has resigned to pursue other interests.